Price for Aluminium Waste and Scrap in Bangladesh - 2022

Contents:

1. Price for Aluminium Waste and Scrap in Bangladesh (CIF) - 2022
2. Price for Aluminium Waste and Scrap in Bangladesh (FOB) - 2022
3. Imports of Aluminium Waste and Scrap in Bangladesh
4. Exports of Aluminium Waste and Scrap in Bangladesh

Price for Aluminium Waste and Scrap in Bangladesh (CIF) - 2022

In 2022, the average aluminium waste and scrap import price amounted to $1,024 per ton, increasing by 13% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 41%. Over the period under review, average import prices hit record highs at $1,123 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($1,683 per ton), while the price for Brazil ($336 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium Waste and Scrap in Bangladesh (FOB) - 2022

In 2022, the average aluminium waste and scrap export price amounted to $1,744 per ton, rising by 13% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium waste and scrap export price increased by +24.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 37%. As a result, the export price attained the peak level of $1,906 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($3,981 per ton), while the average price for exports to Malaysia ($757 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 China (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium Waste and Scrap in Bangladesh

After three years of growth, supplies from abroad of aluminium waste and scraps decreased by -46.9% to 9K tons in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 70%. As a result, imports reached the peak of 17K tons, and then contracted markedly in the following year.

In value terms, aluminium waste and scrap imports fell significantly to $9.2M in 2022. Over the period under review, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 140% against the previous year. As a result, imports reached the peak of $15M, and then dropped rapidly in the following year.

Top Suppliers of Aluminium Waste and Scrap to Bangladesh in 2022:

1. United Kingdom (4991.0 tons)
2. Australia (1121.9 tons)
3. Costa Rica (894.6 tons)
4. Saudi Arabia (382.9 tons)
5. Brazil (292.5 tons)
6. Netherlands (263.1 tons)
7. New Zealand (260.2 tons)
8. Taiwan (Chinese) (150.2 tons)
9. Philippines (146.2 tons)
10. United States (39.6 tons)

Exports of Aluminium Waste and Scrap in Bangladesh

In 2022, aluminium waste and scrap exports from Bangladesh surged to 4.7K tons, increasing by 72% against 2021 figures. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 217%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, aluminium waste and scrap exports skyrocketed to $8.3M in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 251%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Aluminium Waste and Scrap from Bangladesh in 2022:

1. India (2356.0 tons)
2. Japan (1254.1 tons)
3. Germany (522.5 tons)
4. China (194.5 tons)
5. Thailand (187.5 tons)
6. South Korea (115.4 tons)
7. Malaysia (50.5 tons)

Source: IndexBox Market Intelligence Platform