Bangladesh: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2025

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Bangladesh

The Bangladeshi market for equipment for scaffolding, shuttering, propping or pit propping expanded significantly to $X in 2021, rising by 5.9% 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 showed a significant increase. Scaffolding, shuttering, and propping equipment consumption peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Bangladesh

After three years of growth, shipments abroad of equipment for scaffolding, shuttering, propping or pit propping decreased by -95.9% to X tons in 2021. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2013 with an increase of 264%. The exports peaked at X tons in 2020, and then contracted sharply in the following year.

In value terms, scaffolding, shuttering, and propping equipment exports shrank significantly to $X in 2021. Over the period under review, exports saw a precipitous slump. The pace of growth appeared the most rapid in 2020 with an increase of 192%. As a result, the exports reached the peak of $X, and then reduced markedly in the following year.

Exports by Country

India (X tons) was the main destination for scaffolding, shuttering, and propping equipment exports from Bangladesh, with a 96% share of total exports. Moreover, scaffolding, shuttering, and propping equipment exports to India exceeded the volume sent to the second major destination, Indonesia (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to -66.4%.

In value terms, India ($X) remains the key foreign market for equipment for scaffolding, shuttering, propping or pit propping exports from Bangladesh, comprising 98% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 1.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to India stood at -66.2%.

Export Prices by Country

The average export price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, waning by -3.2% against the previous year. Over the period under review, the export price showed a perceptible reduction. The most prominent rate of growth was recorded in 2020 an increase of 1.6%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Indonesia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.5%).

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Bangladesh

In 2021, overseas purchases of equipment for scaffolding, shuttering, propping or pit propping increased by 15% to X tons, rising for the fifth year in a row after two years of decline. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 187%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, scaffolding, shuttering, and propping equipment imports expanded slightly to $X in 2021. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 247% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest scaffolding, shuttering, and propping equipment supplier to Bangladesh, accounting for a 47% share of total imports. Moreover, scaffolding, shuttering, and propping equipment imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was held by South Korea (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +45.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+20.8% per year) and South Korea (+78.8% per year).

In value terms, China ($X) constituted the largest supplier of equipment for scaffolding, shuttering, propping or pit propping to Bangladesh, comprising 39% of total imports. The second position in the ranking was held by South Korea ($X), with a 13% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +54.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+88.5% per year) and India (+29.7% per year).

Import Prices by Country

In 2021, the average import price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, declining by -11.9% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, scaffolding, shuttering, and propping equipment import price increased by +62.6% against 2015 indices. The growth pace was the most rapid in 2018 when the average import price increased by 37% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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