Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Bangladesh - 2022

Contents:

1. Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Bangladesh (CIF) - 2022
2. Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Bangladesh (FOB) - 2022
3. Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Bangladesh
4. Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Bangladesh

Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Bangladesh (CIF) - 2022

In 2022, the average import price for tubes, pipes and hollow profiles, of cast iron amounted to $1,030 per ton, declining by -46.9% against the previous year. In general, the import price showed a noticeable setback. The most prominent rate of growth was recorded in 2021 an increase of 123% against the previous year. The import price peaked at $2,056 per ton in 2014; however, from 2015 to 2022, import prices stood 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 Japan ($1,558 per ton), while the price for the United Arab Emirates ($697 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.8%), while the prices for the other major suppliers experienced a decline.

Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Bangladesh (FOB) - 2022

The average export price for tubes, pipes and hollow profiles, of cast iron stood at $742 per ton in 2022, dropping by -4.8% against the previous year. Over the period under review, the export price saw a mild slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 149% against the previous year. As a result, the export price reached the peak level of $2,950 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +418.1% per year.

Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Bangladesh

In 2022, the amount of tubes, pipes and hollow profiles, of cast iron imported into Bangladesh soared to 31K tons, with an increase of 1,952% on 2021. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of tubes, pipes and hollow profiles, of cast iron surged to $32M in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Tubes, Pipes and Hollow Profiles, of Cast Iron to Bangladesh in 2022:

1. China (29.6K tons)
2. United Arab Emirates (0.5K tons)
3. Hong Kong SAR (0.5K tons)

Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Bangladesh

In 2022, overseas shipments of tubes, pipes and hollow profiles, of cast iron decreased by -4% to 3.1 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a significant increase.

In value terms, exports of tubes, pipes and hollow profiles, of cast iron contracted to $2.3K in 2022. Over the period under review, exports recorded a deep reduction.

Top Export Markets for Tubes, Pipes and Hollow Profiles, of Cast Iron from Bangladesh in 2022:

1. Indonesia (3.1 tons)

Source: IndexBox Market Intelligence Platform