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Report Bangladesh - Cards Incorporating An Electronic Integrated Circuit (Smart Card) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Feb 1, 2025

Bangladesh - Cards Incorporating An Electronic Integrated Circuit (Smart Card) - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Smart Card Market 2025

Smart Card Market Size in Bangladesh

The Bangladeshi smart card market totaled $X in 2022, remaining stable against the previous year. Over the period under review, consumption recorded a prominent expansion. Smart card consumption peaked in 2022 and is likely to continue growth in years to come.

Smart Card Production in Bangladesh

In value terms, smart card production fell to $X in 2022 estimated in export price. Over the period under review, production, however, posted moderate growth. The most prominent rate of growth was recorded in 2018 with an increase of 45%. Smart card production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Smart Card Exports

Exports from Bangladesh

In 2022, approx. X units of cards incorporating an electronic integrated circuit (smart card) were exported from Bangladesh; falling by -6.6% on 2021. Overall, exports, however, recorded a notable expansion. The most prominent rate of growth was recorded in 2020 with an increase of 731% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, smart card exports stood at $X in 2022. Over the period under review, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 589%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X units) was the main destination for smart card exports from Bangladesh, with a 51% share of total exports. Moreover, smart card exports to Hong Kong SAR exceeded the volume sent to the second major destination, Turkey (X units), threefold. China (X units) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR totaled +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+44.5% per year) and China (-11.6% per year).

In value terms, Greece ($X), Hong Kong SAR ($X) and Turkey ($X) were the largest markets for smart card exported from Bangladesh worldwide, together comprising 53% of total exports.

Turkey, with a CAGR of +48.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average smart card export price amounted to $X per unit, with an increase of 7.2% against the previous year. Overall, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 137%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Smart Card Imports

Imports into Bangladesh

In 2022, imports of cards incorporating an electronic integrated circuit (smart card) into Bangladesh surged to X units, picking up by 19% against the year before. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 456%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, smart card imports contracted remarkably to $X in 2022. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 420% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then declined significantly in the following year.

Imports by Country

China (X units) and Hong Kong SAR (X units) were the main suppliers of smart card imports to Bangladesh.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +88.2%).

In value terms, Hong Kong SAR ($X) and China ($X) constituted the largest smart card suppliers to Bangladesh.

Among the main suppliers, China, with a CAGR of +54.2%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average smart card import price stood at $X per unit in 2022, dropping by -32.6% against the previous year. In general, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2013 when the average import price increased by 15% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR (less than $X per unit), while the price for China amounted to less than $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-14.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

South Africa constituted the country with the largest volume of smart card consumption, accounting for 93% of total volume.
South Africa remains the largest smart card producing country worldwide, accounting for 93% of total volume. It was followed by China, with a 2.5% share of total production.
In value terms, Hong Kong SAR constituted the largest supplier of smart card to Bangladesh, comprising 76% of total imports. The second position in the ranking was occupied by Malaysia, with a 7.9% share of total imports.
In value terms, the largest markets for smart card exported from Bangladesh were Hong Kong SAR, Turkey and Italy, with a combined 93% share of total exports.
In 2021, the average smart card export price amounted to $8.2 per unit, which is down by -19.9% against the previous year.
In 2021, the average smart card import price amounted to less than $0.1 per unit, dropping by -11.2% against the previous year.

This report provides an in-depth analysis of the smart 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 26123000 - Smart cards

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    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, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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