Report Update Nov 1, 2024

Bangladesh - Refined Copper (Unwrought, not Alloyed) - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Refined Copper Market 2024

Refined Copper Market Size in Bangladesh

The Bangladeshi refined copper market surged to $X in 2022, increasing by 56% 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). Over the period under review, consumption showed strong growth. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Refined Copper Exports

Exports from Bangladesh

In 2022, overseas shipments of refined copper (unwrought, not alloyed) increased by 189% to X tons, rising for the eighth year in a row after two years of decline. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 256%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, refined copper exports surged to $X in 2022. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

South Korea (X tons) was the main destination for refined copper exports from Bangladesh, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to South Korea stood at +22.0%.

In value terms, South Korea ($X) also remains the key foreign market for refined copper (unwrought, not alloyed) exports from Bangladesh.

From 2012 to 2022, the average annual growth rate of value to South Korea totaled +35.5%.

Export Prices by Country

The average refined copper export price stood at $X per ton in 2022, increasing by 37% against the previous year. In general, the export price showed strong growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 124% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +11.0% per year.

Refined Copper Imports

Imports into Bangladesh

In 2022, refined copper imports into Bangladesh surged to X tons, jumping by 59% compared with the previous year's figure. Overall, imports enjoyed strong growth. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, refined copper imports soared to $X in 2022. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 78% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of refined copper to Bangladesh, accounting for a 34% share of total imports. Moreover, refined copper imports from South Korea exceeded the figures recorded by the second-largest supplier, Singapore (X tons), twofold. Malaysia (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+21.1% per year) and Malaysia (+22.6% per year).

In value terms, Singapore ($X), Malaysia ($X) and the Netherlands ($X) constituted the largest refined copper suppliers to Bangladesh, together accounting for 52% of total imports.

Malaysia, with a CAGR of +26.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average refined copper import price amounted to $X per ton, approximately mirroring the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 51%. As a result, import price reached the peak level of $X per ton, and then contracted modestly 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 Singapore ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.6%), 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 refined copper (unwrought, not alloyed) in the world?

China remains the largest refined copper consuming country worldwide, comprising approx. 23% of total volume. Moreover, refined copper consumption in China exceeded the figures recorded by the second-largest consumer, Russia, fivefold. The United States ranked third in terms of total consumption with a 4% share.

What are the largest producers of refined copper (unwrought, not alloyed) in the world?

The countries with the highest volumes of in 2021 were China, Chile and Russia, with a combined 24% share of global production. These countries were followed by Japan, Pakistan, Nigeria, Indonesia, Democratic Republic of the Congo, Australia, Mexico, India, Canada and Kazakhstan, which together accounted for a further 31%.

What are the leading suppliers of refined copper (unwrought, not alloyed) to Bangladesh?

In value terms, Malaysia constituted the largest supplier of refined copper to Bangladesh, comprising 37% of total imports. The second position in the ranking was occupied by Singapore, with a 16% share of total imports. It was followed by China, with a 13% share.

What are the leading importers of refined copper (unwrought, not alloyed) from Bangladesh?

In value terms, South Korea remains the key foreign market for refined copper exports from Bangladesh.

What is the average export price for refined copper (unwrought, not alloyed) in Bangladesh?

The average refined copper export price stood at $6,156 per ton in 2021, growing by 2.9% against the previous year.

What is the average import price for refined copper (unwrought, not alloyed) in Bangladesh?

The average refined copper import price stood at $9,149 per ton in 2021, jumping by 51% against the previous year.

This report provides an in-depth analysis of the refined copper 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 24441330 - Unwrought unalloyed refined copper (excluding rolled, e xtruded or forged sintered products)

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