Bangladesh: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2025

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Bangladesh

The Bangladeshi market for electrical lighting or visual signaling equipment for motor vehicles and cycles dropped to $X in 2022, which is down 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). In general, consumption, however, continues to indicate a significant expansion. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports from Bangladesh

In 2022, shipments abroad of electrical lighting or visual signaling equipment for motor vehicles and cycles increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate resilient growth. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, lighting equipment for motor vehicles exports soared to $X in 2022. Overall, exports showed a resilient increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia (X units), Poland (X units) and the UK (X units) were the main destinations of lighting equipment for motor vehicles exports from Bangladesh, together comprising X% of total exports.

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

In value terms, the largest markets for lighting equipment for motor vehicles exported from Bangladesh were Poland ($X), the UK ($X) and Germany ($X), with a combined X% share of total exports.

Among the main countries of destination, Germany, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, posted prominent growth. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the United Arab Emirates ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports into Bangladesh

In 2022, the amount of electrical lighting or visual signaling equipment for motor vehicles and cycles imported into Bangladesh shrank to X units, waning by X% compared with 2021 figures. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, lighting equipment for motor vehicles imports fell to $X in 2022. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of lighting equipment for motor vehicles to Bangladesh, accounting for a X% share of total imports. Moreover, lighting equipment for motor vehicles imports from China exceeded the figures recorded by the second-largest supplier, India (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%.

In value terms, China ($X) and India ($X) constituted the largest lighting equipment for motor vehicles suppliers to Bangladesh.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average import price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $X per unit in 2022, approximately equating the previous year. Overall, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :