Production of Iron and Non-Alloy Steel in Ingot in Bangladesh - 2022

Iron and Non-Alloy Steel in Ingot Production in Bangladesh - 2022

In 2022, production of iron and non-alloy steel in ingots in Bangladesh expanded remarkably to 5.9M tons, picking up by 7.4% against the year before. The total output volume increased at an average annual rate of +3.6% over the period from 2020 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, production attained the peak volume and is likely to continue growth in the immediate term.

In value terms, production of iron and non-alloy steel in ingots rose markedly to $3.7B in 2022 estimated in export price. The total output value increased at an average annual rate of +10.5% over the period from 2020 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Source: IndexBox Market Intelligence Platform

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