Bangladesh: Metal Chain Market 2025

Metal Chain Market Size in Bangladesh

The Bangladeshi metal chain market amounted to $X in 2022, approximately reflecting the previous year. In general, consumption, however, recorded a buoyant expansion. Metal chain consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Metal Chain Production in Bangladesh

In value terms, metal chain production reached $X in 2022 estimated in export price. Over the period under review, production, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 32%. Metal chain production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Metal Chain Exports

Exports from Bangladesh

In 2022, shipments abroad of iron or steel chain decreased by -9.4% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by 291% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal chain exports shrank to $X in 2022. In general, exports showed a deep contraction. The pace of growth was the most pronounced in 2017 when exports increased by 656% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) and India (X tons) were the main destinations of metal chain exports from Bangladesh.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of -8.6%).

In value terms, Japan ($X) remains the key foreign market for iron or steel chain exports from Bangladesh, comprising 91% of total exports. The second position in the ranking was held by India ($X), with an 8.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to -18.3%.

Export Prices by Country

The average metal chain export price stood at $X per ton in 2022, with a decrease of -2.8% against the previous year. Over the period under review, the export price, however, continues to indicate a significant increase. The pace of growth appeared the most rapid in 2017 an increase of 93%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then fell modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+30.2%).

Metal Chain Imports

Imports into Bangladesh

In 2022, imports of iron or steel chain into Bangladesh soared to X tons, jumping by 25% against the year before. Over the period under review, imports posted a perceptible expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 255% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal chain imports expanded slightly to $X in 2022. In general, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 290% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal chain to Bangladesh, accounting for a 46% share of total imports. Moreover, metal chain imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. Malaysia (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +25.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.4% per year) and Malaysia (-8.6% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel chain to Bangladesh, comprising 49% of total imports. The second position in the ranking was held by Singapore ($X), with a 7.5% share of total imports. It was followed by Malaysia, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +42.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+33.3% per year) and Malaysia (-6.5% per year).

Import Prices by Country

The average metal chain import price stood at $X per ton in 2022, dropping by -15.9% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal chain import price increased by +45.0% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 36% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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