Bangladesh: Metal Link Chain Market 2024

Metal Link Chain Market Size in Bangladesh

The Bangladeshi metal link chain market surged to $X in 2021, growing by 59% 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). In general, consumption, however, recorded a mild descent. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Link Chain Exports

Exports from Bangladesh

In 2021, overseas shipments of iron or steel articulated link chain decreased by -4.2% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports, however, saw a measured expansion. The most prominent rate of growth was recorded in 2017 with an increase of 2,140% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal link chain exports rose sharply to $X in 2021. In general, exports, however, showed moderate growth. The growth pace was the most rapid in 2017 with an increase of 2,783%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for metal link chain exports from Bangladesh, accounting for a 99% share of total exports. It was followed by India (X kg), with a 0.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to South Korea stood at +188.8%.

In value terms, South Korea ($X) emerged as the key foreign market for iron or steel articulated link chain exports from Bangladesh, comprising 99% of total exports. The second position in the ranking was taken by India ($X), with a 0.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to South Korea totaled +128.8%.

Export Prices by Country

In 2021, the average metal link chain export price amounted to $X per ton, surging by 10% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 91% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (-2.0%), while the prices for the other major destinations experienced a decline.

Metal Link Chain Imports

Imports into Bangladesh

In 2021, the amount of iron or steel articulated link chain imported into Bangladesh soared to X tons, growing by 68% against 2020. Over the period under review, imports, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2019 with an increase of 111% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, metal link chain imports surged to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 129% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal link chain supplier to Bangladesh, accounting for a 55% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by South Korea (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+40.5% per year) and South Korea (+7.9% per year).

In value terms, the largest metal link chain suppliers to Bangladesh were China ($X), Germany ($X) and Hong Kong SAR ($X), together comprising 54% of total imports. These countries were followed by South Korea, Singapore, the United States and India, which together accounted for a further 30%.

Among the main suppliers, the United States, with a CAGR of +19.6%, saw the highest rates of growth with regard to 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

The average metal link chain import price stood at $X per ton in 2021, waning by -11.2% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain import price decreased by -37.8% against 2017 indices. The pace of growth appeared the most rapid in 2013 an increase of 24%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Singapore ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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