Price for Chain and Parts Thereof, of Iron or Steel in Bangladesh - 2022
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Bangladesh (CIF) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in Bangladesh (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Bangladesh
- Exports of Chain and Parts Thereof, of Iron or Steel in Bangladesh
Price for Chain and Parts Thereof, of Iron or Steel in Bangladesh (CIF) - 2022
In 2022, the average import price for chain and parts thereof, of iron or steel amounted to $2,843 per ton, picking up by 20% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for chain and parts thereof, of iron or steel increased by +54.3% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 52% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($4,849 per ton), while the price for China amounted to $2,449 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.8%).
Price for Chain and Parts Thereof, of Iron or Steel in Bangladesh (FOB) - 2022
In 2022, the average export price for chain and parts thereof, of iron or steel amounted to $9,940 per ton, picking up by 48% against the previous year. Overall, the export price recorded strong growth. The pace of growth was the most pronounced in 2017 an increase of 106%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($18,040 per ton), while the average price for exports to India totaled $1,071 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+19.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Chain and Parts Thereof, of Iron or Steel in Bangladesh
In 2022, approx. 6.2K tons of chain and parts thereof, of iron or steel were imported into Bangladesh; which is down by -15.9% compared with the previous year. In general, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 27%.
In value terms, imports of chain and parts thereof, of iron or steel stood at $18M in 2022. The total import value increased at an average annual rate of +1.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 46%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Chain and Parts Thereof, of Iron or Steel in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.1 | 8.9 | 12.7 | 13.1 | 2.7% |
| India | 1.9 | 1.5 | 2.5 | 2.8 | 13.8% |
| Others | 3.1 | 1.5 | 2.2 | 1.8 | -16.6% |
| Total | 17.1 | 12.0 | 17.5 | 17.7 | 1.2% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Bangladesh in 2022:
- China (5.4K tons)
- India (0.6K tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Bangladesh
In 2022, the amount of chain and parts thereof, of iron or steel exported from Bangladesh reached 18 tons, picking up by 2.2% against the year before. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 139% against the previous year. As a result, the exports reached the peak of 22 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of chain and parts thereof, of iron or steel skyrocketed to $148K in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 75% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Chain and Parts Thereof, of Iron or Steel in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 45.5 | 59.9 | 4.2 | 136 | 44.0% |
| India | N/A | N/A | 1.2 | 10.9 | 808.3% |
| South Korea | N/A | N/A | 112 | N/A | 0% |
| Thailand | N/A | 22.8 | N/A | N/A | 0% |
| Others | 4.0 | 4.1 | 0.1 | 0.4 | -53.6% |
| Total | 49.5 | 86.8 | 117 | 148 | 44.1% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Bangladesh in 2022:
- India (10.1 tons)
- Japan (7.6 tons)
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