The gradual recovery of Bangladeshi aluminium import market during 2017-20

The economy of Bangladesh is a developing market economy and it the 39^th largest in the world in nominal terms, and 29^th largest by purchasing power parity.

 It is classified among the Next Eleven emerging market middle income economies and a frontier market. In the first quarter of 2019, Bangladesh's was the world's seventh fastest-growing economy with a rate of 7.3% real GDP annual growth.

The demand for the aluminium importation in Bangladesh is showing a recovery trend. But the domestic aluminium production is not showing a positive trend.

The total import of aluminium by Bangladesh from 2017-19 stood at 282,291 tonnes, whereas the import projected for 2020 stands at 95,534 tonnes. When added with the previous 3 years the total import reflects at 377,825 tonnes.

In 2017 the total aluminium import in Bangladesh stood at 91,036 tonnes, while in 2018 de-growth of 0.66% was recorded, the total import accounted for 90,443 tonnes.

The aluminium import of Bangladesh is 2019 showed a steep up of 100,812 tonnes, an inclination by 11.46%. Though the projected for 2020 is showing a fall of 5.23%.

Bangladesh has been importing aluminium from countries like India, China, Bahrain, Malaysia, Oman, Saudi Arabia, Taiwan, UAE, etc.