Bangladesh: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in Bangladesh

The Bangladeshi continuous-action elevators and conveyors market surged to $X in 2022, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a resilient expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the near future.

Exports of Continuous-Action Elevators And Conveyors

Exports from Bangladesh

In 2022, overseas shipments of continuous-action elevators and conveyors increased by X% to X units, rising for the second consecutive year after five years of decline. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, continuous-action elevators and conveyors exports declined modestly to $X in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then dropped modestly in the following year.

Exports by Country

The Philippines (X units), the UK (X units) and India (X units) were the main destinations of continuous-action elevators and conveyors exports from Bangladesh.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) emerged as the key foreign market for continuous-action elevators and conveyors exports from Bangladesh, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Philippines was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and India (X% per year).

Export Prices by Country

The average continuous-action elevators and conveyors export price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to India ($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 Germany (X%), while the prices for the other major destinations experienced a decline.

Imports of Continuous-Action Elevators And Conveyors

Imports into Bangladesh

In 2022, continuous-action elevators and conveyors imports into Bangladesh surged to X units, jumping by X% on 2021. Overall, imports saw a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, continuous-action elevators and conveyors imports soared to $X in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Switzerland (X units) were the main suppliers of continuous-action elevators and conveyors imports to Bangladesh, with a combined X% share of total imports. Poland, India, Italy, Belgium and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of continuous-action elevators and conveyors to Bangladesh, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the average continuous-action elevators and conveyors import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price recorded a temperate increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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