Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Bangladesh - 2022

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Bangladesh (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Bangladesh (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Bangladesh
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Bangladesh

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Bangladesh (CIF) - 2022

In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $3.7 per unit, shrinking by -24.3% against the previous year. Overall, the import price, however, posted a resilient increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 69% against the previous year. As a result, import price attained the peak level of $5.4 per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($3.7 per unit), while the price for India ($1.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Bangladesh (FOB) - 2022

The average export price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $21 per unit in 2022, dropping by -15.8% against the previous year. Over the period under review, the export price, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by 84%. Over the period under review, the average export prices reached the maximum at $42 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($21 per unit), while the average price for exports to Canada stood at $20 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+17.4%).

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Bangladesh

Imports of millstones, grindstones, grinding wheels and the like; of natural stones into Bangladesh contracted dramatically to 216K units in 2022, with a decrease of -52.9% compared with the year before. Overall, imports continue to indicate a precipitous decrease. The smallest decline of -9.2% was in 2020. Imports peaked at 659K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones declined sharply to $799K in 2022. Over the period under review, imports continue to indicate a precipitous decrease. The smallest decline of -17.5% was in 2020. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones hit record highs at $3.5M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Bangladesh in 2022:

1. China (162.4K units)
2. Thailand (39.4K units)
3. Hong Kong SAR (6.5K units)
4. India (4.8K units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Bangladesh

In 2022, exports of millstones, grindstones, grinding wheels and the like; of natural stones from Bangladesh surged to 60 units, growing by 88% against the year before. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones surged to $1.3K in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Bangladesh in 2022:

1. United Kingdom (49.0 units)
2. Canada (11.0 units)

Source: IndexBox Market Intelligence Platform