Report Update Nov 1, 2024

Bangladesh - Articles of Non-Malleable Cast Iron - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Market for Articles Of Non-Malleable Cast Iron 2024

Market Size for Articles Of Non-Malleable Cast Iron in Bangladesh

In 2022, the Bangladeshi non-malleable cast iron articles market increased by 7.5% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption recorded a significant increase. Non-malleable cast iron articles consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports from Bangladesh

In 2022, shipments abroad of articles of non-malleable cast iron decreased by 0% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 628%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, non-malleable cast iron articles exports amounted to $X in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 368%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X tons) was the main destination for non-malleable cast iron articles exports from Bangladesh, with a approx. 100% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to China amounted to +2,670.3%.

From 2013 to 2022, the average annual rate of growth in terms of value to China totaled +936.3%.

Export Prices by Country

In 2022, the average non-malleable cast iron articles export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price saw a abrupt decline. The growth pace was the most rapid in 2020 when the average export price decreased by -35.7%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for China amounted to -62.6% per year.

Imports of Articles Of Non-Malleable Cast Iron

Imports into Bangladesh

In 2022, purchases abroad of articles of non-malleable cast iron increased by 13% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2016 with an increase of 547%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, non-malleable cast iron articles imports amounted to $X in 2022. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 393% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest non-malleable cast iron articles supplier to Bangladesh, with a 80% share of total imports. Moreover, non-malleable cast iron articles imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +59.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+28.4% per year) and Japan (+39.4% per year).

In value terms, China ($X) constituted the largest supplier of articles of non-malleable cast iron to Bangladesh, comprising 47% of total imports. The second position in the ranking was held by India ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +60.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+51.7% per year) and Japan (+34.8% per year).

Import Prices by Country

The average non-malleable cast iron articles import price stood at $X per ton in 2022, declining by -5.4% against the previous year. Over the period under review, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by 141%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for articles of non-malleable cast iron in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 45% share of global consumption.

What are the largest producers of articles of non-malleable cast iron in the world?

China remains the largest non-malleable cast iron articles producing country worldwide, accounting for 28% of total volume. Moreover, non-malleable cast iron articles production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with an 11% share.

What are the leading suppliers of articles of non-malleable cast iron to Bangladesh?

In value terms, China constituted the largest supplier of non-malleable cast iron articles to Bangladesh, comprising 74% of total imports. The second position in the ranking was occupied by Japan, with a 14% share of total imports.

What is the average export price for articles of non-malleable cast iron in Bangladesh?

The average non-malleable cast iron articles export price stood at $1,522 per ton in 2020, falling by -27.3% against the previous year.

What is the average import price for articles of non-malleable cast iron in Bangladesh?

In 2021, the average non-malleable cast iron articles import price amounted to $1,973 per ton, reducing by -6% against the previous year.

This report provides an in-depth analysis of the market for non-malleable cast iron articles 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 25992913 - Articles of non-malleable cast iron, n.e.c.

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023