Bangladesh: Metal Chain Parts Market 2024

Metal Chain Parts Market Size in Bangladesh

The Bangladeshi metal chain parts market declined to $X in 2022, shrinking by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Metal chain parts consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Metal Chain Parts Production in Bangladesh

In value terms, metal chain parts production declined to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Metal Chain Parts Exports

Exports from Bangladesh

In 2022, after four years of growth, there was significant decline in overseas shipments of parts of chains of iron or steel, when their volume decreased by X% to X kg. Over the period under review, exports recorded a sharp contraction. The pace of growth was the most pronounced in 2015 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metal chain parts exports declined to $X in 2022. Overall, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X kg) was the main destination for metal chain parts exports from Bangladesh, accounting for a X% share of total exports. Moreover, metal chain parts exports to Japan exceeded the volume sent to the second major destination, India (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Japan stood at X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Japan amounted to X%.

Export Prices by Country

In 2022, the average metal chain parts export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, 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 (X%).

Metal Chain Parts Imports

Imports into Bangladesh

After three years of growth, purchases abroad of parts of chains of iron or steel decreased by X% to X tons in 2022. Overall, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, metal chain parts imports contracted markedly to $X in 2022. In general, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then declined markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest metal chain parts supplier to Bangladesh, accounting for a X% share of total imports. Moreover, metal chain parts imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of parts of chains of iron or steel to Bangladesh, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

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

Import Prices by Country

In 2022, the average metal chain parts import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price recorded a mild contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the UK ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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