Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Bangladesh - 2022
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Bangladesh (CIF) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Bangladesh
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Bangladesh (CIF) - 2022
The average import price for steel, alloy stood at $3,398 per ton in 2022, with an increase of 135% against the previous year. Over the period under review, the import price posted notable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 India ($3,448 per ton), while the price for Belgium totaled $582 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Bangladesh
In 2022, the amount of steel, alloy imported into Bangladesh fell significantly to 160 tons, which is down by -40% compared with 2021. In general, imports saw a sharp setback. The pace of growth appeared the most rapid in 2021 when imports increased by 304%.
In value terms, imports of steel, alloy skyrocketed to $544K in 2022. Overall, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2021 when imports increased by 196%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.6 | 130 | 249 | 542 | 432.0% |
| Belgium | N/A | N/A | 137 | 1.6 | -98.8% |
| Russia | 203 | N/A | N/A | N/A | 0% |
| South Korea | 210 | N/A | N/A | N/A | 0% |
| Others | 7.1 | N/A | N/A | N/A | 0% |
| Total | 424 | 130 | 386 | 544 | 8.7% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Bangladesh in 2022:
- India (157.2 tons)
- Belgium (2.8 tons)
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