Bangladesh: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2025

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Bangladesh

The Bangladeshi geometrical quantities electronic measurer market contracted dramatically to $X in 2022, waning by -32.9% 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). Over the period under review, consumption, however, enjoyed significant growth. Geometrical quantities electronic measurer consumption peaked at $X in 2021, and then contracted markedly in the following year.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Bangladesh

In 2022, shipments abroad of electronic instruments and machines for measuring geometrical quantities was finally on the rise to reach X units after two years of decline. In general, exports recorded a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 465% against the previous year. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, geometrical quantities electronic measurer exports soared to $X in 2022. Over the period under review, exports showed a strong increase. The pace of growth was the most pronounced in 2015 when exports increased by 264% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), the United States (X units) and Japan (X units) were the main destinations of geometrical quantities electronic measurer exports from Bangladesh, with a combined 74% share of total exports. France, Singapore, Hong Kong SAR, Slovakia, Finland, Canada, Switzerland, the Czech Republic and Malaysia lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +500.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for electronic instruments and machines for measuring geometrical quantities exports from Bangladesh, comprising 42% of total exports. The second position in the ranking was taken by Germany ($X), with a 16% share of total exports. It was followed by Japan, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.2% per year) and Japan (+65.6% per year).

Export Prices by Country

In 2022, the average geometrical quantities electronic measurer export price amounted to $X per unit, declining by -21.5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 66%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Slovakia ($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 Chile (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Bangladesh

Geometrical quantities electronic measurer imports into Bangladesh declined notably to X units in 2022, falling by -37.5% against the previous year's figure. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 697% against the previous year. Imports peaked at X units in 2021, and then declined dramatically in the following year.

In value terms, geometrical quantities electronic measurer imports dropped markedly to $X in 2022. Overall, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 426%. Imports peaked at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest geometrical quantities electronic measurer supplier to Bangladesh, with a 84% share of total imports. Moreover, geometrical quantities electronic measurer imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. The third position in this ranking was held by South Korea (X units), with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +41.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+20.1% per year) and South Korea (+38.3% per year).

In value terms, China ($X) constituted the largest supplier of electronic instruments and machines for measuring geometrical quantities to Bangladesh, comprising 35% of total imports. The second position in the ranking was held by India ($X), with an 11% share of total imports. It was followed by Japan, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+21.7% per year) and Japan (+26.1% per year).

Import Prices by Country

In 2022, the average geometrical quantities electronic measurer import price amounted to $X per unit, with an increase of 16% against the previous year. Over the period under review, the import price, however, recorded a drastic downturn. The growth pace was the most rapid in 2013 when the average import price increased by 30%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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