Price for Steel, Alloy; Angles, Shapes and Sections in Bangladesh - 2022
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in Bangladesh (CIF) - 2022
- Imports of Steel, Alloy; Angles, Shapes and Sections in Bangladesh
Price for Steel, Alloy; Angles, Shapes and Sections in Bangladesh (CIF) - 2022
The average import price for steel, alloy; angles, shapes and sectionses stood at $857 per ton in 2022, increasing by 29% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, alloy; angles, shapes and sectionses increased by +54.6% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($792 per ton), while the price for China totaled $682 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.1%).
Imports of Steel, Alloy; Angles, Shapes and Sections in Bangladesh
In 2022, approx. 4.9K tons of steel, alloy; angles, shapes and sectionses were imported into Bangladesh; shrinking by -83.3% on the previous year. Over the period under review, imports showed a dramatic decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 91% against the previous year. As a result, imports reached the peak of 30K tons, and then fell sharply in the following year.
In value terms, imports of steel, alloy; angles, shapes and sectionses contracted remarkably to $3.9M in 2022. Overall, imports showed a dramatic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 35%. As a result, imports attained the peak of $20M, and then dropped markedly in the following year.
| Import of Steel, Alloy; Angles, Shapes and Sections in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.4 | 2.8 | 0.5 | 3.5 | 106.1% |
| China | 14.6 | 12.1 | 19.6 | 0.3 | -72.6% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 15.0 | 14.9 | 20.2 | 3.9 | -36.2% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to Bangladesh in 2022:
- Russia (4.5K tons)
- China (0.5K tons)
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