Price for Wire of Other Alloy Steel in Bangladesh - 2022
Contents:
- Price for Wire of Other Alloy Steel in Bangladesh (CIF) - 2022
- Price for Wire of Other Alloy Steel in Bangladesh (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Bangladesh
- Exports of Wire of Other Alloy Steel in Bangladesh
Price for Wire of Other Alloy Steel in Bangladesh (CIF) - 2022
The average import price for wire of other alloy steels stood at $1,248 per ton in 2022, shrinking by -13.3% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wire of other alloy steel import price increased by +89.1% against 2017 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 52% against the previous year. The import price peaked at $1,439 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($1,786 per ton), while the price for China ($1,086 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Wire of Other Alloy Steel in Bangladesh (FOB) - 2022
The average export price for wire of other alloy steels stood at $2,733 per ton in 2021, standing approx. at the previous year. Overall, the export price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2013 a decrease of -36.7% against the previous year. Over the period under review, the average export prices hit record highs at $5,834 per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Indonesia.
From 2012 to 2021, the rate of growth in terms of prices for Indonesia amounted to 0.0% per year.
Imports of Wire of Other Alloy Steel in Bangladesh
In 2022, overseas purchases of wire of other alloy steels decreased by -31.3% to 1K tons, falling for the second year in a row after two years of growth. Overall, imports recorded a deep contraction. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year. As a result, imports attained the peak of 1.6K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, wire of other alloy steel imports dropped rapidly to $1.3M in 2022. Over the period under review, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, imports reached the peak of $2.1M, and then reduced notably in the following year.
| Import of Wire of Other Alloy Steel in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 825 | 918 | 1,111 | 724 | -4.3% |
| Russia | 309 | 110 | 224 | 182 | -16.2% |
| India | 239 | 415 | 433 | 135 | -17.3% |
| Taiwan (Chinese) | 161 | 155 | 134 | 85.8 | -18.9% |
| Turkey | 3.0 | 3.9 | 7.3 | 21.2 | 91.9% |
| Others | 150 | 176 | 191 | 103 | -11.8% |
| Total | 1,687 | 1,778 | 2,100 | 1,251 | -9.5% |
Top Suppliers of Wire of Other Alloy Steel to Bangladesh in 2022:
- China (667.2 tons)
- India (105.0 tons)
- Russia (101.7 tons)
- Taiwan (Chinese) (78.7 tons)
- Turkey (17.4 tons)
Exports of Wire of Other Alloy Steel in Bangladesh
In 2021, approx. 976 kg of wire of other alloy steels were exported from Bangladesh; remaining constant against 2020 figures. Over the period under review, exports posted a buoyant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to continue growth in the immediate term.
In value terms, wire of other alloy steel exports stood at $2.7K in 2021. In general, exports saw a abrupt decrease. The smallest decline of 99.9% was in 2020.
| Export of Wire of Other Alloy Steel in Bangladesh (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Indonesia | N/A | N/A | 2.7 | 0% |
| Kuwait | 4.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0% |
| Total | 4.0 | N/A | 2.7 | -17.8% |
Top Export Markets for Wire of Other Alloy Steel from Bangladesh in 2022:
- Indonesia (976.0 kg)
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