Bangladesh: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Bangladesh

In 2020, the Bangladeshi iron and steel wire market decreased by -X% to $X, falling for the second consecutive year after four years of growth. Overall, consumption, however, showed a strong expansion. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Iron and steel wire consumption peaked at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Bangladesh

In 2020, after seven years of decline, there was significant growth in overseas shipments of wire of iron or non-alloy steel (stainless steel or other alloy steel), when their volume increased by X% to X tons. Overall, exports, however, showed a abrupt curtailment. Over the period under review, exports attained the maximum at X tons in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

In value terms, iron and steel wire exports expanded remarkably to $X in 2020. In general, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Exports peaked at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

France (X kg), Singapore (X kg) and Indonesia (X kg) were the main destinations of iron and steel wire exports from Bangladesh.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (+X% per year), while exports for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X) emerged as the key foreign market for iron and steel wire exports from Bangladesh, comprising X% of total exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Indonesia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-X% per year) and France (+X% per year).

Export Prices by Country

The average iron and steel wire export price stood at $X per ton in 2020, with a decrease of -X% against the previous year. Overall, the export price saw a pronounced slump. The pace of growth was the most pronounced in 2017 an increase of X% y-o-y. The export price peaked at $X per ton in 2019, and then fell dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Indonesia ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Singapore, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Bangladesh

In 2020, overseas purchases of wire of iron or non-alloy steel (stainless steel or other alloy steel) decreased by -X% to X tons, falling for the third consecutive year after three years of growth. In general, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, iron and steel wire imports declined slightly to $X in 2020. Overall, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Thailand (X tons) were the main suppliers of iron and steel wire imports to Bangladesh, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in Thailand, while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of iron and steel wire to Bangladesh, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Thailand (+X% per year).

Import Prices by Country

In 2020, the average iron and steel wire import price amounted to $X per ton, with an increase of X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Thailand ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :