Price for Steel, Stainless; Angles, Shapes and Sections in Bangladesh - 2022
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Bangladesh (CIF) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Bangladesh
Price for Steel, Stainless; Angles, Shapes and Sections in Bangladesh (CIF) - 2022
In 2022, the average import price for steel, stainless amounted to $2,291 per ton, jumping by 54% against the previous year. Overall, the import price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by 93% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
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 the UK ($93,212 per ton), while the price for Thailand ($234 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+57.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Steel, Stainless; Angles, Shapes and Sections in Bangladesh
In 2022, after three years of growth, there was significant decline in purchases abroad of steel, stainless, when their volume decreased by -61.6% to 584 tons. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 172% against the previous year. As a result, imports reached the peak of 1.5K tons, and then contracted rapidly in the following year.
In value terms, imports of steel, stainless contracted markedly to $1.2M in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 107% against the previous year. As a result, imports attained the peak of $2.3M, and then dropped significantly in the following year.
Import of Steel, Stainless; Angles, Shapes and Sections in Bangladesh (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hong Kong SAR | 438 | 741 | 1,335 | 915 | 27.8% |
China | 71.2 | 236 | 752 | 156 | 29.9% |
Malaysia | 15.9 | 16.0 | 14.4 | 64.7 | 59.7% |
India | 18.5 | 33.9 | 78.0 | 45.4 | 34.9% |
Thailand | 8.3 | 9.8 | 12.3 | 5.9 | -10.8% |
Others | 34.5 | 52.2 | 64.0 | 36.3 | 1.7% |
Total | 586 | 1,089 | 2,256 | 1,223 | 27.8% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Bangladesh in 2022:
- Hong Kong SAR (455.7 tons)
- China (69.5 tons)
- Thailand (25.1 tons)
- India (15.8 tons)
- Malaysia (14.9 tons)
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