Bangladesh: Market for Welded Link Chain Of Iron Or Steel 2025

Market Size for Welded Link Chain Of Iron Or Steel in Bangladesh

In 2021, the Bangladeshi metal welded link chain market decreased by -1.2% to $X, falling for the second consecutive year after two years of growth. In general, consumption showed a relatively flat trend pattern. Metal welded link chain consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Welded Link Chain Of Iron Or Steel in Bangladesh

In value terms, metal welded link chain production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +73.2% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 33%. Metal welded link chain production peaked at $X in 2020, and then contracted in the following year.

Exports of Welded Link Chain Of Iron Or Steel

Exports from Bangladesh

In 2021, after six years of decline, there was growth in shipments abroad of welded link chain of iron or steel, when their volume increased by 3.1% to X kg. Over the period under review, exports, however, faced a precipitous slump. The most prominent rate of growth was recorded in 2014 with an increase of 374% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal welded link chain exports declined rapidly to $X in 2021. Overall, exports, however, showed a precipitous curtailment. The growth pace was the most rapid in 2014 when exports increased by 369% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X kg) was the main destination for metal welded link chain exports from Bangladesh, with a 84% share of total exports. Moreover, metal welded link chain exports to Japan exceeded the volume sent to the second major destination, Indonesia (X kg), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan totaled -35.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (0.0% per year) and Saudi Arabia (0.0% per year).

In value terms, Japan ($X) remains the key foreign market for welded link chain of iron or steel exports from Bangladesh, comprising 73% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Japan stood at -33.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (0.0% per year) and Indonesia (0.0% per year).

Export Prices by Country

The average metal welded link chain export price stood at $X per ton in 2021, declining by -27.1% against the previous year. Over the period under review, the export price, however, saw a notable increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 50% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.6%).

Imports of Welded Link Chain Of Iron Or Steel

Imports into Bangladesh

In 2021, purchases abroad of welded link chain of iron or steel decreased by -45.4% to X tons, falling for the third consecutive year after five years of growth. Over the period under review, imports showed a mild descent. The most prominent rate of growth was recorded in 2018 when imports increased by 556%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal welded link chain imports contracted to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 601%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal welded link chain supplier to Bangladesh, with a 89% share of total imports. Moreover, metal welded link chain imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), more than tenfold. Singapore (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+13.1% per year) and Singapore (+67.7% per year).

In value terms, China ($X) constituted the largest supplier of welded link chain of iron or steel to Bangladesh, comprising 65% of total imports. The second position in the ranking was taken by Russia ($X), with a 13% share of total imports. It was followed by Singapore, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+18.0% per year) and Singapore (+69.4% per year).

Import Prices by Country

In 2021, the average metal welded link chain import price amounted to $X per ton, rising by 63% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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