Bangladesh: Moulds For Metal Market 2024

Moulds For Metal Market Size in Bangladesh

The Bangladeshi moulds for metal market fell markedly to $X in 2022, which is down by -17.4% 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, however, enjoyed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Moulds For Metal Exports

Exports from Bangladesh

In 2022, shipments abroad of moulds for metals increased by 118% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 315%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, moulds for metal exports rose notably to $X in 2022. Overall, exports, however, faced a dramatic curtailment. The pace of growth was the most pronounced in 2015 when exports increased by 461% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X kg) was the main destination for moulds for metal exports from Bangladesh, accounting for a 56% share of total exports. Moreover, moulds for metal exports to the Netherlands exceeded the volume sent to the second major destination, Japan (X kg), twofold. The third position in this ranking was taken by China (X kg), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-1.5% per year) and China (-12.8% per year).

In value terms, Japan ($X) remains the key foreign market for moulds for metals exports from Bangladesh, comprising 47% of total exports. The second position in the ranking was taken by Italy ($X), with a 19% share of total exports. It was followed by the Netherlands, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Japan stood at -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+63.7% per year) and the Netherlands (0.0% per year).

Export Prices by Country

The average moulds for metal export price stood at $X per ton in 2022, waning by -48.3% against the previous year. In general, the export price, however, enjoyed a notable expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 244%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the Netherlands ($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 Italy (+44.3%), while the prices for the other major destinations experienced mixed trend patterns.

Moulds For Metal Imports

Imports into Bangladesh

In 2022, the amount of moulds for metals imported into Bangladesh reduced to X tons, with a decrease of -11.4% compared with 2021. Over the period under review, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2018 when imports increased by 125%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, moulds for metal imports plummeted to $X in 2022. In general, imports, however, showed strong growth. The pace of growth was the most pronounced in 2018 with an increase of 87%. Over the period under review, imports hit record highs at $X in 2021, and then declined remarkably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of moulds for metal to Bangladesh, with a 66% share of total imports. Moreover, moulds for metal imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was held by South Korea (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+15.0% per year) and South Korea (+13.2% per year).

In value terms, China ($X) constituted the largest supplier of moulds for metals to Bangladesh, comprising 68% of total imports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total imports. It was followed by Turkey, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+13.9% per year) and Turkey (+41.1% per year).

Import Prices by Country

In 2022, the average moulds for metal import price amounted to $X per ton, reducing by -10.2% against the previous year. In general, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2020 an increase of 67%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform