Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Bangladesh - 2022

Contents:

1. Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Bangladesh (CIF) - 2022
2. Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Bangladesh (FOB) - 2022
3. Imports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Bangladesh
4. Exports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Bangladesh

Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Bangladesh (CIF) - 2022

The average import price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms stood at $3,805 per ton in 2022, growing by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2021 when the average import price increased by 32%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($3,890 per ton), while the price for China amounted to $3,750 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.3%).

Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Bangladesh (FOB) - 2022

In 2022, the average export price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms amounted to $4,195 per ton, stabilizing at the previous year. Over the period under review, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($10,176 per ton), while the average price for exports to South Korea stood at $2,331 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.1%).

Imports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Bangladesh

In 2022, the amount of aluminium plates, sheets and strip of thickness exceeding 0.2 mms imported into Bangladesh stood at 14K tons, approximately mirroring the previous year's figure. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms soared to $54M in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 88% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm to Bangladesh in 2022:

1. China (12.0K tons)
2. India (1.4K tons)

Exports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Bangladesh

For the third consecutive year, Bangladesh recorded decline in shipments abroad of aluminium plates, sheets and strip of thickness exceeding 0.2 mms, which decreased by -47.1% to 4.4 tons in 2022. In general, exports saw a sharp contraction. The smallest decline of -15.5% was in 2020.

In value terms, exports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms contracted sharply to $18K in 2022. Overall, exports recorded a sharp setback. The smallest decline of -13.6% was in 2020.

Top Export Markets for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm from Bangladesh in 2022:

1. South Korea (3.4 tons)
2. Norway (1.0 tons)

Source: IndexBox Market Intelligence Platform