Report Update Nov 1, 2024

Bangladesh - Hot-Rolled Bars in Bearing Steels - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Bangladesh: Market for Hot-Rolled Bars In Bearing Steels 2024

Market Size for Hot-Rolled Bars In Bearing Steels in Bangladesh

The Bangladeshi hot-rolled bearing steel bar market expanded remarkably to $X in 2022, surging by 13% 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 showed a buoyant increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Exports of Hot-Rolled Bars In Bearing Steels

Exports from Bangladesh

In 2022, shipments abroad of hot-rolled bars in bearing steels was finally on the rise to reach X kg after nine years of decline. Overall, exports, however, faced a sharp decrease. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hot-rolled bearing steel bar exports rose remarkably to $X in 2022. Over the period under review, exports, however, recorded a sharp curtailment. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India (X kg) was the main destination for hot-rolled bearing steel bar exports from Bangladesh, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at -28.7%.

In value terms, India ($X) also remains the key foreign market for hot-rolled bars in bearing steels exports from Bangladesh.

From 2012 to 2022, the average annual growth rate of value to India totaled -16.2%.

Export Prices by Country

The average hot-rolled bearing steel bar export price stood at $X per ton in 2022, standing approx. at the previous year. Overall, the export price, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2018 an increase of 83%. The export price peaked at $X per ton in 2021, and then shrank modestly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +17.4% per year.

Imports of Hot-Rolled Bars In Bearing Steels

Imports into Bangladesh

In 2022, overseas purchases of hot-rolled bars in bearing steels were finally on the rise to reach X tons after four years of decline. Over the period under review, imports saw a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 289% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, hot-rolled bearing steel bar imports skyrocketed to $X in 2022. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 261%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and Japan (X tons) were the main suppliers of hot-rolled bearing steel bar imports to Bangladesh, together accounting for 100% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +20.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of hot-rolled bars in bearing steels to Bangladesh, comprising 66% of total imports. The second position in the ranking was held by India ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+9.8% per year) and Japan (+0.9% per year).

Import Prices by Country

The average hot-rolled bearing steel bar import price stood at $X per ton in 2022, increasing by 8.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 32%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat 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 ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+8.4%), 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 hot-rolled bars in bearing steels in the world?

The country with the largest volume of hot-rolled bearing steel bar consumption was China, accounting for 18% of total volume. Moreover, hot-rolled bearing steel bar consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. Turkey ranked third in terms of total consumption with a 5.6% share.

What are the largest producers of hot-rolled bars in bearing steels in the world?

The country with the largest volume of hot-rolled bearing steel bar production was China, comprising approx. 44% of total volume. Moreover, hot-rolled bearing steel bar production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. Russia ranked third in terms of total production with a 6% share.

What are the leading suppliers of hot-rolled bars in bearing steels to Bangladesh?

In value terms, China constituted the largest supplier of hot-rolled bearing steel bar to Bangladesh, comprising 75% of total imports. The second position in the ranking was occupied by India, with a 24% share of total imports.

What are the leading importers of hot-rolled bars in bearing steels from Bangladesh?

In value terms, India remains the key foreign market for hot-rolled bearing steel bar exports from Bangladesh.

What is the average export price for hot-rolled bars in bearing steels in Bangladesh?

In 2021, the average hot-rolled bearing steel bar export price amounted to $2,981 per ton, reducing by -9.6% against the previous year.

What is the average import price for hot-rolled bars in bearing steels in Bangladesh?

The average hot-rolled bearing steel bar import price stood at $940 per ton in 2021, waning by -12.9% against the previous year.

This report provides an in-depth analysis of the market for hot-rolled bearing steel bar 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 24106630 - Hot-rolled bars in bearing steels

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