Price for Iron and Non-Alloy Steel in Ingot in Bangladesh - 2022
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Bangladesh (CIF) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Bangladesh
Price for Iron and Non-Alloy Steel in Ingot in Bangladesh (CIF) - 2022
In 2022, the average import price for iron and non-alloy steel in ingots amounted to $444 per ton, dropping by -9.3% against the previous year. In general, the import price showed a perceptible contraction. The growth pace was the most rapid in 2018 when the average import price increased by 639% against the previous year. As a result, import price attained the peak level of $3,055 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -2.4% per year.
Imports of Iron and Non-Alloy Steel in Ingot in Bangladesh
In 2022, approx. 62K tons of iron and non-alloy steel in ingots were imported into Bangladesh; surging by 4.4% compared with the previous year. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 13% against the previous year. As a result, imports attained the peak of 65K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of iron and non-alloy steel in ingots reduced to $28M in 2022. The total import value increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 12%. As a result, imports reached the peak of $29M, and then reduced in the following year.
| Import of Iron and Non-Alloy Steel in Ingot in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 23.3 | 23.3 | N/A | 26.0 | 3.7% |
| Kuwait | N/A | N/A | 26.8 | N/A | 0% |
| Thailand | N/A | 2.7 | N/A | N/A | 0% |
| Others | N/A | N/A | 2.2 | 1.5 | -31.8% |
| Total | 23.3 | 26.0 | 29.1 | 27.5 | 5.7% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Bangladesh in 2022:
- India (60.2K tons)
444
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Bangladesh.
1006
This report provides an in-depth analysis of the iron and steel market in Bangladesh.
4694
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
467
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
1063
This report provides an in-depth analysis of the global iron and steel market.
444
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Bangladesh.
4694
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
467
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
221
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2373
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
770
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
1077
In value terms, ferro-cerium and other pyrophoric alloys exports totaled $X in 2016. In general, ferro-cerium and other pyrophoric alloys exports continue to indicate a relatively flat trend patter...
807
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
769
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
160
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
221
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2373
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
770
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
