Bangladesh: Metal Flexible Tubing Market 2024

Metal Flexible Tubing Market Size in Bangladesh

The Bangladeshi metal flexible tubing market skyrocketed to $X in 2022, with an increase of X% 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 enjoyed a significant increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Metal Flexible Tubing Exports

Exports from Bangladesh

In 2022, the amount of iron or steel flexible tubing exported from Bangladesh skyrocketed to X tons, rising by X% against the year before. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, metal flexible tubing exports shrank modestly to $X in 2022. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at $X in 2021, and then declined slightly in the following year.

Exports by Country

India (X kg) was the main destination for metal flexible tubing exports from Bangladesh, with a X% share of total exports. Moreover, metal flexible tubing exports to India exceeded the volume sent to the second major destination, Costa Rica (X kg), ninefold. Switzerland (X kg) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Switzerland (X% per year).

In value terms, India ($X) remains the key foreign market for iron or steel flexible tubing exports from Bangladesh, comprising X% of total exports. The second position in the ranking was taken by Maldives ($X), with an X% share of total exports. It was followed by Switzerland, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and Switzerland (X% per year).

Export Prices by Country

The average metal flexible tubing export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price, however, posted a tangible increase. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Flexible Tubing Imports

Imports into Bangladesh

In 2022, after two years of decline, there was significant growth in overseas purchases of iron or steel flexible tubing, when their volume increased by X% to X tons. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, metal flexible tubing imports dropped to $X in 2022. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest metal flexible tubing supplier to Bangladesh, accounting for a X% share of total imports. Moreover, metal flexible tubing imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel flexible tubing to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average metal flexible tubing import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price showed a abrupt downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then contracted dramatically in the following year.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :