Bangladesh: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA in Bangladesh

In 2021, the Bangladeshi market for diesel or semi-diesel electric generating sets of output under X kVA was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption posted resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Exports from Bangladesh

In 2021, exports of diesel or semi-diesel electric generating sets of output under X kVA from Bangladesh fell markedly to X units, which is down by -73.7% against 2020 figures. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 350% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of diesel or semi-diesel electric generating sets of output under X kVA declined remarkably to $X in 2021. In general, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 775% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Rwanda (X units) was the main destination for exports of diesel or semi-diesel electric generating sets of output under X kVA from Bangladesh, with a 90% share of total exports. Moreover, exports of diesel or semi-diesel electric generating sets of output under X kVA to Rwanda exceeded the volume sent to the second major destination, India (X units), ninefold.

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

In value terms, Rwanda ($X) emerged as the key foreign market for diesel or semi-diesel electric generating sets of output under X kVA exports from Bangladesh, comprising 96% of total exports. The second position in the ranking was taken by India ($X), with a 4.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Rwanda was relatively modest.

Export Prices by Country

The average export price for diesel or semi-diesel electric generating sets of output under X kVA stood at $X per unit in 2021, with an increase of 179% against the previous year. In general, the export price enjoyed significant growth. The most prominent rate of growth was recorded in 2017 an increase of 556%. The export price peaked in 2021 and is expected to retain growth in the near future.

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 Rwanda ($X per unit), while the average price for exports to India amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+19.3%).

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Imports into Bangladesh

In 2021, after five years of decline, there was significant growth in supplies from abroad of diesel or semi-diesel electric generating sets of output under X kVA, when their volume increased by 313% to X units. Over the period under review, imports, however, recorded a noticeable decline. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of diesel or semi-diesel electric generating sets of output under X kVA soared to $X in 2021. In general, imports showed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The UK (X units), China (X units) and Finland (X units) were the main suppliers of imports of diesel or semi-diesel electric generating sets of output under X kVA to Bangladesh, together comprising 84% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +45.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), China ($X) and the UK ($X) were the largest diesel or semi-diesel electric generating set of output under X kVA suppliers to Bangladesh, with a combined 46% share of total imports. Lebanon, Finland, Italy and India lagged somewhat behind, together accounting for a further 6.8%.

In terms of the main suppliers, Lebanon, with a CAGR of +36.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for diesel or semi-diesel electric generating sets of output under X kVA stood at $X per unit in 2021, picking up by 9.2% against the previous year. Over the period under review, the import price showed a prominent increase. The pace of growth was the most pronounced in 2013 an increase of 40%. The import price peaked in 2021 and is likely to continue growth in the near future.

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 ($X per unit), while the price for Finland ($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 (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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