Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bangladesh - 2022

Contents:

1. Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bangladesh (CIF) - 2022
2. Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bangladesh (FOB) - 2022
3. Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bangladesh
4. Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bangladesh

Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bangladesh (CIF) - 2022

In 2022, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $546 per ton, waning by -4% against the previous year. Over the period under review, the import price saw a perceptible contraction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs at $802 per ton in 2012; however, from 2013 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 Indonesia ($582 per ton), while the price for Ukraine ($260 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-3.5%), while the prices for the other major suppliers experienced a decline.

Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bangladesh (FOB) - 2022

In 2022, the average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $554 per ton, almost unchanged from the previous year. Over the period under review, the export price recorded a noticeable descent. The most prominent rate of growth was recorded in 2017 an increase of 4.6%. Over the period under review, the average export prices attained the peak figure at $872 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -3.5% per year.

Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bangladesh

Imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Bangladesh surged to 45K tons in 2022, growing by 29% compared with the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern.

In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $25M in 2022. Overall, imports, however, continue to indicate a noticeable downturn.

Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Bangladesh in 2022:

1. India (21.2K tons)
2. China (10.7K tons)
3. Indonesia (10.1K tons)
4. Malaysia (1.2K tons)
5. Thailand (0.5K tons)

Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bangladesh

In 2022, shipments abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses decreased by -8.3% to 726 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 20%.

In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses declined to $402K in 2022. The total export value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 20%. As a result, the exports attained the peak of $439K, and then reduced in the following year.

Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Bangladesh in 2022:

1. India (726.1 tons)

Source: IndexBox Market Intelligence Platform