Report Update Nov 1, 2024

Bangladesh - Nickel (Unwrought) - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Nickel Market 2024

Nickel Market Size in Bangladesh

The Bangladeshi nickel market expanded slightly to $X in 2022, rising by 4.8% against the previous year. Overall, consumption showed a buoyant increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Nickel Production in Bangladesh

In value terms, nickel production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 40%. Nickel production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Nickel Exports

Exports from Bangladesh

Nickel exports from Bangladesh stood at X tons in 2022, therefore, remained relatively stable against the year before. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 11% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, nickel exports stood at $X in 2022. Overall, exports showed a prominent expansion. The growth pace was the most rapid in 2016 when exports increased by 15%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

India (X tons) was the main destination for nickel exports from Bangladesh, with a approx. 100% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of volume to India totaled -2.5%.

From 2015 to 2022, the average annual rate of growth in terms of value to India stood at +14.2%.

Export Prices by Country

In 2022, the average nickel export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 3.4%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2015 to 2022, the rate of growth in terms of prices for India amounted to +17.1% per year.

Nickel Imports

Imports into Bangladesh

In 2022, nickel imports into Bangladesh skyrocketed to X tons, rising by 115% on the previous year. Overall, imports enjoyed modest growth. The pace of growth appeared the most rapid in 2015 with an increase of 148%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, nickel imports skyrocketed to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 192%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X tons) constituted the largest supplier of nickel to Bangladesh, with a 53% share of total imports. Moreover, nickel imports from Singapore exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Singapore was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+16.6% per year) and Taiwan (Chinese) (+32.6% per year).

In value terms, Singapore ($X) constituted the largest supplier of nickel (unwrought) to Bangladesh, comprising 51% of total imports. The second position in the ranking was taken by France ($X), with a 25% share of total imports. It was followed by Taiwan (Chinese), with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Singapore stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.9% per year) and Taiwan (Chinese) (+21.9% per year).

Import Prices by Country

In 2022, the average nickel import price amounted to $X per ton, which is down by -13.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 39%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per ton) and the UK ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+46.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nickel (unwrought) in the world?

The countries with the highest volumes of in 2021 were the United States, China and Russia, together accounting for 32% of global consumption. Indonesia, Nigeria, Turkey, Japan, the UK, South Korea, France, Poland, Sudan and Brazil lagged somewhat behind, together comprising a further 29%.

What are the largest producers of nickel (unwrought) in the world?

The countries with the highest volumes of in 2021 were the United States, Russia and China, with a combined 27% share of global production. Indonesia, Nigeria, Australia, Turkey, Canada, the UK, Japan, Norway, Poland and South Africa lagged somewhat behind, together comprising a further 34%.

What are the leading suppliers of nickel (unwrought) to Bangladesh?

In value terms, the largest nickel suppliers to Bangladesh were Spain, the United States and India.

What is the average export price for nickel (unwrought) in Bangladesh?

The average nickel export price stood at $9,126 per ton in 2016, growing by 3.4% against the previous year.

What is the average import price for nickel (unwrought) in Bangladesh?

In 2021, the average nickel import price amounted to $18,446 per ton, picking up by 3.6% against the previous year.

This report provides an in-depth analysis of the nickel 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 2030.

Product coverage:

Prodcom 24451100 - Nickel, unwrought
Prodcom 24451110 -
Prodcom 24451120 -

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