Bangladesh: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in Bangladesh

In 2020, the Bangladeshi market for electric generating sets and rotary converters decreased by -X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a pronounced slump. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Exports of Electric Generating Sets And Rotary Converters

Exports from Bangladesh

In 2020, approx. X units of electric generating sets and rotary converters were exported from Bangladesh; with an increase of X% against 2019 figures. Overall, exports, however, recorded a sharp contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Exports peaked at X units in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, exports of electric generating sets and rotary converters surged to $X in 2020. In general, exports, however, enjoyed mild growth. Exports peaked at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Singapore (X units) was the main destination for exports of electric generating sets and rotary converters from Bangladesh, with a X% share of total exports. Moreover, exports of electric generating sets and rotary converters to Singapore exceeded the volume sent to the second major destination, Myanmar (X units), fivefold. Ukraine (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Singapore amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and Ukraine (X% per year).

In value terms, Myanmar ($X) emerged as the key foreign market for electric generating set and rotary converter exports from Bangladesh, comprising X% of total exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total exports. It was followed by Ukraine, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Myanmar was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-X% per year) and Ukraine (X% per year).

Export Prices by Country

In 2020, the average export price for electric generating sets and rotary converters amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price posted significant growth. The pace of growth appeared the most rapid in 2009 an increase of X% y-o-y. The export price peaked at $X per unit in 2016; however, from 2017 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Myanmar ($X per unit), while the average price for exports to Singapore ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to India, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports into Bangladesh

In 2020, imports of electric generating sets and rotary converters into Bangladesh contracted markedly to X units, shrinking by -X% compared with 2019. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Imports peaked at X units in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, imports of electric generating sets and rotary converters reduced rapidly to $X in 2020. Over the period under review, imports continue to indicate a mild shrinkage. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, South Korea (X units) constituted the largest supplier of electric generating set and rotary converter to Bangladesh, with a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from South Korea exceeded the figures recorded by the second-largest supplier, Austria (X units), threefold. The third position in this ranking was occupied by Finland (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from South Korea stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and Finland (+X% per year).

In value terms, the largest electric generating set and rotary converter suppliers to Bangladesh were the UK ($X), Singapore ($X) and China ($X), together accounting for X% of total imports. Germany, Finland, India, Austria, South Korea, Poland, Spain, Taiwan (Chinese), Croatia and Bulgaria lagged somewhat behind, together comprising a further X the main suppliers, Poland (+X% per year) 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 electric generating sets and rotary converters stood at $X per unit in 2020, jumping by X% against the previous year. Overall, the import price recorded a strong increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% year-to-year. The import price peaked in 2020 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Singapore ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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