Price for Copper Plates, Sheets and Strip in Bangladesh - 2022

Price for Copper Plates, Sheets and Strip in Bangladesh (CIF) - 2022

In 2022, the average import price for copper plates, sheets and strips amounted to $8,285 per ton, increasing by 2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2021 an increase of 35%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($9,488 per ton), while the price for South Korea ($5,252 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Plates, Sheets and Strip in Bangladesh (FOB) - 2022

In 2022, the average export price for copper plates, sheets and strips amounted to $36,140 per ton, increasing by 289% against the previous year. Overall, the export price recorded a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Austria ($82,034 per ton), while the average price for exports to Hong Kong SAR amounted to $9,791 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+8.5%).

Imports of Copper Plates, Sheets and Strip in Bangladesh

In 2022, imports of copper plates, sheets and strips into Bangladesh fell sharply to 3.1K tons, with a decrease of -17% on 2021 figures. The total import volume increased at an average annual rate of +2.0% 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 with an increase of 39%. As a result, imports reached the peak of 3.7K tons, and then reduced notably in the following year.

In value terms, copper plates, sheets and strip imports contracted remarkably to $25M in 2022. Overall, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 89%. As a result, imports attained the peak of $30M, and then declined notably in the following year.

Import of Copper Plates, Sheets and Strip in Bangladesh (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	12.0	11.1	24.2	20.1	18.8%
India	1.1	1.0	2.0	0.7	-14.0%
Thailand	0.1	0.2	0.3	0.6	81.7%
South Korea	1.9	0.9	0.6	0.5	-35.9%
Others	2.5	2.7	2.7	3.3	9.7%
Total	17.6	15.8	29.8	25.3	12.9%

Top Suppliers of Copper Plates, Sheets and Strip to Bangladesh in 2022:

China (2696.0 tons)
South Korea (93.0 tons)
India (84.1 tons)
Thailand (69.0 tons)

Exports of Copper Plates, Sheets and Strip in Bangladesh

In 2022, after three years of growth, there was significant decline in shipments abroad of copper plates, sheets and strips, when their volume decreased by -48.7% to 32 tons. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 342%. As a result, the exports reached the peak of 62 tons, and then contracted dramatically in the following year.

In value terms, copper plates, sheets and strip exports surged to $1.2M in 2022. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 368% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.