Bangladesh: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Bangladesh

The Bangladeshi market for diesel engines (other than for motor vehicles and aircraft) skyrocketed to $X in 2022, surging by 49% 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). Overall, consumption showed moderate growth. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Bangladesh

In 2022, approx. X units of diesel engines (other than for motor vehicles and aircraft) were exported from Bangladesh; dropping by -21.3% compared with the previous year's figure. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 615% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) expanded rapidly to $X in 2022. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 113% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units), the UK (X units) and the United Arab Emirates (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from Bangladesh, together accounting for 56% of total exports. Singapore, Cote d'Ivoire, China, India, Malaysia, Denmark, Germany, Finland, Lithuania and South Korea lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +7.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diesel engines (other than for motor vehicles and aircraft) exported from Bangladesh were China ($X), the United Arab Emirates ($X) and the Netherlands ($X), together accounting for 62% of total exports.

China, with a CAGR of +17.2%, recorded the highest rates of growth with regard to 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

The average export price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, increasing by 38% against the previous year. Over the period under review, the export price, however, saw a mild setback. The growth pace was the most rapid in 2016 an increase of 340%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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 China ($X per unit), while the average price for exports to Germany ($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 the UK (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Bangladesh

In 2022, after three years of decline, there was significant growth in purchases abroad of diesel engines (other than for motor vehicles and aircraft), when their volume increased by 40% to X units. In general, imports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2014 with an increase of 111% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) skyrocketed to $X in 2022. Over the period under review, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 110% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of diesel engines (other than for motor vehicles and aircraft) to Bangladesh, accounting for a 86% share of total imports. Moreover, imports of diesel engines (other than for motor vehicles and aircraft) from China exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+65.2% per year) and the United States (-22.7% per year).

In value terms, the largest diesel engines (other than for motor vehicles and aircraft) suppliers to Bangladesh were China ($X), France ($X) and the United States ($X), together comprising 84% of total imports.

France, with a CAGR of +102.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, growing by 9.6% against the previous year. Overall, the import price recorded prominent growth. The pace of growth was the most pronounced in 2017 an increase of 71%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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