Report Update Feb 1, 2025

Bangladesh - Aluminum - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Aluminum Market 2025

Aluminum Market Size in Bangladesh

The Bangladeshi aluminum market skyrocketed to $X in 2021, rising by 58% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Aluminum Exports

Exports from Bangladesh

In 2021, the amount of aluminum exported from Bangladesh contracted notably to X kg, declining by -99.9% compared with 2020. In general, exports showed a significant curtailment. The exports peaked at X tons in 2020, and then contracted dramatically in the following year.

In value terms, aluminum exports fell significantly to $X in 2021. Overall, exports saw a dramatic contraction. Over the period under review, the exports hit record highs at $X in 2020, and then dropped sharply in the following year.

Exports by Country

Singapore (X kg) was the main destination for aluminum exports from Bangladesh, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Singapore was relatively modest.

In value terms, Singapore ($X) emerged as the key foreign market for aluminum exports from Bangladesh.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore was relatively modest.

Export Prices by Country

The average aluminum export price stood at $X per ton in 2021, with an increase of 89% against the previous year. Overall, the export price saw temperate growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to 0.0% per year.

Aluminum Imports

Imports into Bangladesh

In 2021, aluminum imports into Bangladesh soared to X tons, surging by 20% against the year before. Overall, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 26%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, aluminum imports surged to $X in 2021. Over the period under review, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), Malaysia (X tons) and Singapore (X tons) were the main suppliers of aluminum imports to Bangladesh, together accounting for 56% of total imports. These countries were followed by Vietnam, Russia and Saudi Arabia, which together accounted for a further 9.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +48.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Malaysia ($X) and Singapore ($X) constituted the largest aluminum suppliers to Bangladesh, together accounting for 56% of total imports. These countries were followed by Vietnam, Russia and Saudi Arabia, which together accounted for a further 9.5%.

Among the main suppliers, Russia, with a CAGR of +51.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average aluminum import price amounted to $X per ton, with an increase of 48% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Singapore ($X per ton) and India ($X per ton), while the price for Saudi Arabia ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminum in the world?

The country with the largest volume of aluminum consumption was China, accounting for 58% of total volume. Moreover, aluminum consumption in China exceeded the figures recorded by the second-largest consumer, the United States, tenfold. Japan ranked third in terms of total consumption with a 3% share.

What are the largest producers of aluminum in the world?

China constituted the country with the largest volume of aluminum production, accounting for 56% of total volume. Moreover, aluminum production in China exceeded the figures recorded by the second-largest producer, Russia, tenfold. India ranked third in terms of total production with a 5.3% share.

What are the leading suppliers of aluminum to Bangladesh?

In value terms, Oman constituted the largest supplier of aluminum to Bangladesh, comprising 51% of total imports. The second position in the ranking was occupied by the United Arab Emirates, with a 23% share of total imports. It was followed by Malaysia, with a 12% share.

What is the average export price for aluminum in Bangladesh?

The average aluminum export price stood at $1,923 per ton in 2015, leveling off at the previous year.

What is the average import price for aluminum in Bangladesh?

The average aluminum import price stood at $1,661 per ton in 2020, with a decrease of -14.3% against the previous year.

This report provides an in-depth analysis of the aluminum market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)
Prodcom 24421154 - Unwrought aluminium alloys (excluding aluminium powders and flakes)

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024