Price for Safety Pins and Other Pins; of Iron or Steel in Bangladesh - 2022

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Bangladesh (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Bangladesh (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Bangladesh
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Bangladesh

Price for Safety Pins and Other Pins; of Iron or Steel in Bangladesh (CIF) - 2022

The average import price for safety pins and other pins; of iron or steels stood at $5,522 per ton in 2022, jumping by 36% against the previous year. Over the period under review, the import price posted a strong increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 59%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($5,334 per ton), while the price for India totaled $2,401 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.6%).

Price for Safety Pins and Other Pins; of Iron or Steel in Bangladesh (FOB) - 2022

The average export price for safety pins and other pins; of iron or steels stood at $20,059 per ton in 2022, jumping by 26% against the previous year. In general, the export price, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 an increase of 151%. Over the period under review, the average export prices reached the peak figure at $28,446 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($22,576 per ton), while the average price for exports to Nepal ($7,810 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 Germany (-0.2%), while the prices for the other major destinations experienced a decline.

Imports of Safety Pins and Other Pins; of Iron or Steel in Bangladesh

In 2022, imports of safety pins and other pins; of iron or steels into Bangladesh soared to 551 tons, growing by 17% against the previous year's figure. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of safety pins and other pins; of iron or steels skyrocketed to $3M in 2022. Over the period under review, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Bangladesh in 2022:

1. China (534.1 tons)
2. India (9.3 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Bangladesh

In 2022, approx. 861 kg of safety pins and other pins; of iron or steels were exported from Bangladesh; growing by 524% against 2021. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of safety pins and other pins; of iron or steels soared to $17K in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Bangladesh in 2022:

1. Germany (559.0 kg)
2. China (97.0 kg)
3. United Kingdom (93.0 kg)
4. Vietnam (78.0 kg)
5. Nepal (21.0 kg)

Source: IndexBox Market Intelligence Platform