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Bangladesh - Iron Ores - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Iron Ore Market 2021

Iron Ore Market Size in Bangladesh

For the seventh year in a row, the Bangladeshi iron ore market recorded decline in sales value, which decreased by -X% to $X in 2019. Over the period under review, consumption showed a abrupt downturn. The pace of growth was the most pronounced in 2012 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. From 2013 to 2019, the growth of the market remained at a lower figure.

Iron Ore Production in Bangladesh

In value terms, iron ore production shrank to $X in 2019 estimated in export prices. Over the period under review, production showed a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2007; however, from 2008 to 2019, production remained at a lower figure.

Iron Ore Exports

Exports from Bangladesh

Iron ore exports from Bangladesh surged to X tons in 2019, rising by X% against 2018. In general, exports enjoyed a perceptible expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron ore exports soared to $X in 2019. Overall, exports showed a deep downturn. Over the period under review, exports reached the peak figure at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for iron ore exports from Bangladesh, with a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to China stood at +X%.

In value terms, China ($X) also remains the key foreign market for iron ore exports from Bangladesh.

From 2007 to 2019, the average annual growth rate of value to China totaled -X%.

Export Prices by Country

The average iron ore export price stood at $X per ton in 2019, falling by -X% against the previous year. Overall, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2018 a decrease of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per ton in 2007; however, from 2008 to 2019, export prices remained at a lower figure.

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

From 2007 to 2019, the rate of growth in terms of prices for China amounted to -X% per year.

Iron Ore Imports

Imports into Bangladesh

For the seventh year in a row, Bangladesh recorded growth in purchases abroad of iron ores, which increased by X% to X tons in 2019. Overall, imports, however, showed a pronounced setback. Over the period under review, imports attained the maximum at X tons in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, iron ore imports shrank sharply to $X in 2019. In general, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2011 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X tons) and China (X tons) were the main suppliers of iron ore imports to Bangladesh.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (+X% per year).

In value terms, the largest iron ore suppliers to Bangladesh were China ($X) and the Netherlands ($X the main suppliers, China recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average iron ore import price stood at $X per ton in 2019, dropping by -X% against the previous year. In general, the import price continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2010 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per ton), while the price for the Netherlands totaled $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron ores in the world?

China constituted the country with the largest volume of iron ore consumption, comprising approx. 54% of total volume. Moreover, iron ore consumption in China exceeded the figures recorded by the second-largest consumer, India, eightfold. The third position in this ranking was occupied by Australia, with a 6.1% share.

What are the largest producers of iron ores in the world?

The countries with the highest volumes of iron ore production in 2019 were Australia, Brazil and China, with a combined 70% share of global production.

What are the leading suppliers of iron ores to Bangladesh?

In value terms, the largest iron ore suppliers to Bangladesh were China and the Netherlands.

What are the leading importers of iron ores from Bangladesh?

In value terms, China remains the key foreign market for iron ore exports from Bangladesh.

What is the average export price for iron ores in Bangladesh?

The average iron ore export price stood at $81 per ton in 2019, shrinking by -12.3% against the previous year.

What is the average import price for iron ores in Bangladesh?

The average iron ore import price stood at $205 per ton in 2019, waning by -36.7% against the previous year.

This report provides an in-depth analysis of the iron ore market 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 2025.

Product coverage:

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