Bangladesh: Market for Copper Tubes And Pipes 2024

Market Size for Copper Tubes And Pipes in Bangladesh

In 2021, the Bangladeshi copper tube and pipe market increased by 0.9% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, recorded a noticeable decrease. The growth pace was the most rapid in 2016 when the market value increased by 7.7%. Copper tube and pipe consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Copper Tubes And Pipes in Bangladesh

In value terms, copper tube and pipe production shrank to $X in 2021 estimated in export price. In general, production recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 11% against the previous year. Copper tube and pipe production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Copper Tubes And Pipes

Exports from Bangladesh

In 2021, overseas shipments of copper tubes and pipes decreased by -46.1% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports faced a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 2,369% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, copper tube and pipe exports shrank dramatically to $X in 2021. Over the period under review, exports faced a deep setback. The most prominent rate of growth was recorded in 2015 when exports increased by 486% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for copper tube and pipe exports from Bangladesh, with a 85% share of total exports. Moreover, copper tube and pipe exports to India exceeded the volume sent to the second major destination, Japan (X tons), sixfold. Belgium (X kg) ranked third in terms of total exports with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-11.8% per year) and Belgium (-33.9% per year).

In value terms, India ($X) emerged as the key foreign market for copper tubes and pipes exports from Bangladesh, comprising 89% of total exports. The second position in the ranking was held by Japan ($X), with an 8.4% share of total exports. It was followed by Belgium, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value to India stood at -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-14.3% per year) and Belgium (-30.5% per year).

Export Prices by Country

In 2021, the average copper tube and pipe export price amounted to $X per ton, picking up by 47% against the previous year. Over the period under review, the export price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 321%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+5.2%), while the prices for the other major destinations experienced a decline.

Imports of Copper Tubes And Pipes

Imports into Bangladesh

In 2021, copper tube and pipe imports into Bangladesh soared to X tons, growing by 218% against the previous year. Overall, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper tube and pipe imports skyrocketed to $X in 2021. Over the period under review, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest copper tube and pipe supplier to Bangladesh, with a 76% share of total imports. Moreover, copper tube and pipe imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), ninefold. Malaysia (X tons) ranked third in terms of total imports with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-2.5% per year) and Malaysia (+109.9% per year).

In value terms, China ($X) constituted the largest supplier of copper tubes and pipes to Bangladesh, comprising 75% of total imports. The second position in the ranking was held by Thailand ($X), with an 8.2% share of total imports. It was followed by Malaysia, with a 1.1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +31.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-3.0% per year) and Malaysia (+101.6% per year).

Import Prices by Country

In 2021, the average copper tube and pipe import price amounted to $X per ton, growing by 35% against the previous year. In general, the import price recorded a relatively flat trend pattern. 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 2021, the country with the highest price was Vietnam ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform