Price for Iron or Steel; Cast Articles in Bangladesh - 2022

Contents:

1. Price for Iron or Steel; Cast Articles in Bangladesh (CIF) - 2022
2. Price for Iron or Steel; Cast Articles in Bangladesh (FOB) - 2022
3. Imports of Iron or Steel; Cast Articles in Bangladesh
4. Exports of Iron or Steel; Cast Articles in Bangladesh

Price for Iron or Steel; Cast Articles in Bangladesh (CIF) - 2022

The average import price for iron or steel; cast articleses stood at $1,664 per ton in 2022, which is down by -17.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 57% against the previous year. As a result, import price attained the peak level of $2,015 per ton, and then declined significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($10,511 per ton), while the price for Indonesia ($642 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+38.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel; Cast Articles in Bangladesh (FOB) - 2022

The average export price for iron or steel; cast articleses stood at $5,970 per ton in 2022, dropping by -12.9% against the previous year. Overall, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 106% against the previous year. The export price peaked at $13,169 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($87,133 per ton), while the average price for exports to China ($32 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+0.7%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel; Cast Articles in Bangladesh

In 2022, imports of iron or steel; cast articleses into Bangladesh surged to 4.3K tons, growing by 18% compared with 2021. The total import volume increased at an average annual rate of +10.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel; cast articles imports fell to $7.2M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 67% against the previous year. As a result, imports reached the peak of $7.4M, and then contracted in the following year.

Top Suppliers of Iron or Steel; Cast Articles to Bangladesh in 2022:

1. India (1801.6 tons)
2. China (1586.4 tons)
3. Thailand (250.3 tons)
4. Vietnam (233.4 tons)
5. Russia (155.2 tons)
6. Indonesia (102.6 tons)
7. South Africa (80.7 tons)
8. Singapore (40.6 tons)

Exports of Iron or Steel; Cast Articles in Bangladesh

In 2022, shipments abroad of iron or steel; cast articleses decreased by -46% to 5.9 tons, falling for the second year in a row after two years of growth. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 3,167% against the previous year. As a result, the exports attained the peak of 35 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, iron or steel; cast articles exports declined notably to $35K in 2022. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 2,276%. As a result, the exports attained the peak of $115K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Iron or Steel; Cast Articles from Bangladesh in 2022:

1. India (3205.0 kg)
2. China (1174.0 kg)
3. Singapore (1088.0 kg)
4. Austria (289.0 kg)
5. Italy (120.0 kg)

Source: IndexBox Market Intelligence Platform