Bangladesh: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA in Bangladesh

In 2022, the Bangladeshi market for electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by -33.9% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, continues to indicate a significant increase. As a result, consumption reached the peak level of $X, and then dropped markedly in the following year.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Exports from Bangladesh

After five years of growth, shipments abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by -45.1% to X units in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 922%. As a result, the exports attained the peak of X units, and then reduced markedly in the following year.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA reached $X in 2022. Overall, exports saw a perceptible setback. The most prominent rate of growth was recorded in 2019 when exports increased by 43% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from Bangladesh, accounting for a 70% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Hong Kong SAR exceeded the volume sent to the second major destination, China (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR totaled +30.3%.

In value terms, Hong Kong SAR ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity under X kVA exports from Bangladesh, comprising 46% of total exports. The second position in the ranking was taken by China ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR amounted to -7.3%.

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity under X kVA stood at $X per unit in 2022, picking up by 83% against the previous year. Over the period under review, the export price, however, recorded a precipitous shrinkage. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably 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 Hong Kong SAR amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-28.8%).

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Imports into Bangladesh

In 2022, overseas purchases of electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by -38.3% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 329%. As a result, imports attained the peak of X units, and then reduced markedly in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA stood at $X in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 302%. Imports peaked at $X in 2020; afterwards, it flattened through to 2022.

Imports by Country

In 2022, China (X units) was the main electrical transformers with liquid dielectric, of power handling capacity under X kVA supplier to Bangladesh, accounting for a 98% share of total imports. It was followed by Hong Kong SAR (X units), with a 0.2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +44.1%.

In value terms, China ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Bangladesh, comprising 72% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +41.8%.

Import Prices by Country

The average import price for electrical transformers with liquid dielectric, of power handling capacity under X kVA stood at $X per unit in 2022, with an increase of 63% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2013 an increase of 99.9%. The import price peaked at $X per unit in 2014; however, from 2015 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 China ($X per unit), while the price for Hong Kong SAR totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.6%).

Source: IndexBox Platform

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