Report Update Nov 1, 2024

Bangladesh - Cards Incorporating A Magnetic Stripe - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Bangladesh: Magnetic Card Market 2024

Magnetic Card Market Size in Bangladesh

In 2021, the Bangladeshi magnetic card market increased by 292% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, showed a deep setback. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Magnetic Card Exports

Exports from Bangladesh

In 2021, shipments abroad of cards incorporating a magnetic stripe decreased by -32.9% to X units, falling for the third consecutive year after two years of growth. In general, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 3,344% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, magnetic card exports contracted rapidly to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 5,876% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X units) was the main destination for magnetic card exports from Bangladesh, accounting for a 97% share of total exports. It was followed by France (X units), with a 0.5% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Indonesia was relatively modest.

In value terms, France ($X) emerged as the key foreign market for cards incorporating a magnetic stripe exports from Bangladesh.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to -46.2%.

Export Prices by Country

In 2021, the average magnetic card export price amounted to $X per unit, shrinking by -24.7% against the previous year. In general, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2017 an increase of 73% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Indonesia amounted to less than $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (-12.5%), while the prices for the other major destinations experienced a decline.

Magnetic Card Imports

Imports into Bangladesh

In 2021, after three years of decline, there was significant growth in overseas purchases of cards incorporating a magnetic stripe, when their volume increased by 258% to X units. Overall, imports, however, faced a deep reduction. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, magnetic card imports surged to $X in 2021. Over the period under review, imports, however, showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 144%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest magnetic card supplier to Bangladesh, accounting for a 40% share of total imports. Moreover, magnetic card imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. The third position in this ranking was taken by New Zealand (X units), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+20.6% per year) and New Zealand (+14.7% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and New Zealand ($X) appeared to be the largest magnetic card suppliers to Bangladesh, with a combined 61% share of total imports. Thailand, Turkey, the United Arab Emirates, Singapore, Hong Kong SAR, South Korea and India lagged somewhat behind, together accounting for a further 29%.

Among the main suppliers, Turkey, with a CAGR of +16.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average magnetic card import price amounted to $X per unit, falling by -34.9% against the previous year. In general, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2013 an increase of 29%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+13.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cards incorporating a magnetic stripe in the world?

The countries with the highest volumes of magnetic card consumption in 2020 were China, the United States and Spain, with a combined 35% share of global consumption.

What are the largest producers of cards incorporating a magnetic stripe in the world?

China remains the largest magnetic card producing country worldwide, comprising approx. 27% of total volume. Moreover, magnetic card production in China exceeded the figures recorded by the second-largest producer, Spain, threefold. The United States ranked third in terms of total production with a 10% share.

What are the leading suppliers of cards incorporating a magnetic stripe to Bangladesh?

In value terms, China, Taiwan Chinese) and Thailand were the largest magnetic card suppliers to Bangladesh, with a combined 62% share of total imports.

What are the leading importers of cards incorporating a magnetic stripe from Bangladesh?

In value terms, Sri Lanka emerged as the key foreign market for magnetic card exports from Bangladesh, comprising 93% of total exports. The second position in the ranking was occupied by France $133), with a 2.6% share of total exports.

What is the average export price for cards incorporating a magnetic stripe in Bangladesh?

The average magnetic card export price stood at $0.8 per unit in 2020, growing by 17% against the previous year.

What is the average import price for cards incorporating a magnetic stripe in Bangladesh?

The average magnetic card import price stood at $1.3 per unit in 2020, increasing by 12% against the previous year.

This report provides an in-depth analysis of the magnetic card market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26801400 - Cards incorporating a magnetic stripe

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023