Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Bangladesh - 2022
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Bangladesh (CIF) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Bangladesh (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Bangladesh
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Bangladesh
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Bangladesh (CIF) - 2022
The average import price for iron or steel; non-threaded cotters and cotter-pinses stood at $6,777 per ton in 2022, jumping by 17% against the previous year. In general, the import price continues to indicate a temperate increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 171% against the previous year. The import price peaked at $10,492 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($5,944 per ton), while the price for China amounted to $5,472 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.5%).
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Bangladesh (FOB) - 2022
The average export price for iron or steel; non-threaded cotters and cotter-pinses stood at $11,167 per ton in 2022, dropping by -58.8% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 222%. As a result, the export price attained the peak level of $27,077 per ton, and then contracted rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($23,500 per ton), while the average price for exports to Indonesia ($1,000 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 Austria (+24.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Bangladesh
In 2022, overseas purchases of iron or steel; non-threaded cotters and cotter-pinses decreased by -10.2% to 172 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 145% against the previous year. As a result, imports attained the peak of 212 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses totaled $1.2M in 2022. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 186% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 171 | 853 | 759 | 868 | 71.9% |
| India | 24.4 | 39.4 | 48.7 | 55.3 | 31.4% |
| Others | 184 | 193 | 308 | 243 | 9.7% |
| Total | 379 | 1,086 | 1,116 | 1,167 | 45.5% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Bangladesh in 2022:
- China (158.7 tons)
- India (9.3 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Bangladesh
For the third consecutive year, Bangladesh recorded decline in overseas shipments of iron or steel; non-threaded cotters and cotter-pinses, which decreased by -53.8% to 6 kg in 2022. Overall, exports recorded a precipitous shrinkage. The smallest decline of -52.2% was in 2020.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses shrank sharply to $67 in 2022. Over the period under review, exports recorded a sharp decrease. The smallest decline of -45% was in 2021.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Bangladesh (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 153 | 137 | 289 | 47.0 | -32.5% |
| Ireland | N/A | N/A | N/A | 8.0 | 0% |
| Japan | 44.0 | 33.0 | 58.0 | 8.0 | -43.3% |
| Austria | N/A | N/A | N/A | 3.0 | 0% |
| Indonesia | 16.0 | 6.0 | 5.0 | 1.0 | -60.3% |
| Mauritius | N/A | 449 | N/A | N/A | 0% |
| Kuwait | 1,453 | N/A | N/A | N/A | 0% |
| Others | 3.0 | 15.0 | N/A | N/A | 400.0% |
| Total | 1,669 | 640 | 352 | 67.0 | -65.8% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Bangladesh in 2022:
- China (2.0 kg)
- Japan (1.0 kg)
- Austria (1.0 kg)
- Indonesia (1.0 kg)
- Ireland (1.0 kg)
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