Bangladesh: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in Bangladesh

The Bangladeshi market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X in 2022, leveling off at 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). Over the period under review, consumption recorded a sharp downturn. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports from Bangladesh

In 2022, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA were exported from Bangladesh; increasing by 9.2% on the previous year. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 3,272%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. In general, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 195% against the previous year. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

India (X units) and China (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Bangladesh.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +40.3%).

In value terms, the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from Bangladesh were India ($X), Ireland ($X) and China ($X), with a combined 49% share of total exports.

In terms of the main countries of destination, China, with a CAGR of +106.2%, 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 transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, with an increase of 94% against the previous year. In general, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2021 an increase of 1,978% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+47.4%).

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports into Bangladesh

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imported into Bangladesh dropped notably to X units, with a decrease of -16.8% compared with the previous year. Overall, imports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2020 with an increase of 5,543%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022. In general, imports continue to indicate a abrupt shrinkage. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier to Bangladesh, accounting for a 95% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at -23.0%.

In value terms, China ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Bangladesh, comprising 60% of total imports. The second position in the ranking was taken by India ($X), with a 6.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -15.4%.

Import Prices by Country

In 2022, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, with an increase of 498% against the previous year. Over the period under review, the import price saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 1,160% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+75.5%).

Source: IndexBox Platform

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