Bangladesh: Copper Wire Market 2025

Copper Wire Market Size in Bangladesh

In 2021, after two years of decline, there was growth in the Bangladeshi copper wire market, when its value increased by 1.5% to $X. Overall, consumption, however, recorded a relatively flat trend pattern. Copper wire consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Copper Wire Production in Bangladesh

In value terms, copper wire production rose modestly to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 12%. Copper wire production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Copper Wire Exports

Exports from Bangladesh

For the tenth year in a row, Bangladesh recorded growth in shipments abroad of copper wire, which increased by 20% to X tons in 2021. Overall, exports showed prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 24%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, copper wire exports soared to $X in 2021. In general, exports saw a strong expansion. The growth pace was the most rapid in 2018 with an increase of 23%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

India (X tons) was the main destination for copper wire exports from Bangladesh, accounting for a 68% share of total exports. Moreover, copper wire exports to India exceeded the volume sent to the second major destination, Singapore (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to India stood at +16.3%.

In value terms, India ($X) remains the key foreign market for copper wire exports from Bangladesh, comprising 76% of total exports. The second position in the ranking was taken by Singapore ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled +17.4%.

Export Prices by Country

The average copper wire export price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 2.6% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Singapore totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+1.0%).

Copper Wire Imports

Imports into Bangladesh

In 2021, copper wire imports into Bangladesh contracted sharply to X tons, which is down by -24.6% against 2020. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 98% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, copper wire imports shrank to $X in 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 73% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Indonesia (X tons), South Korea (X tons) and China (X tons) were the main suppliers of copper wire imports to Bangladesh, together accounting for 49% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +11.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), South Korea ($X) and the United Arab Emirates ($X) appeared to be the largest copper wire suppliers to Bangladesh, with a combined 56% share of total imports.

Among the main suppliers, South Korea, with a CAGR of +13.4%, saw 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 copper wire import price amounted to $X per ton, jumping by 24% against the previous year. Overall, the import price, however, continues to indicate a mild contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform