Bangladesh: Stone Polishing Machine Market 2025

Stone Polishing Machine Market Size in Bangladesh

The Bangladeshi stone polishing machine market contracted remarkably to $X in 2022, which is down by -20% against the previous year. In general, consumption, however, enjoyed a strong expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Stone Polishing Machine Production in Bangladesh

In value terms, stone polishing machine production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. Stone polishing machine production peaked in 2022 and is expected to retain growth in the near future.

Stone Polishing Machine Exports

Exports from Bangladesh

In 2017, after two years of decline, there was decline in overseas shipments of grinding or polishing machines for working stone, ceramics and concrete, when their volume decreased by 0% to less than X units. In general, exports saw a relatively flat trend pattern. The smallest decline of 99.9% was in 2015. The exports peaked at X units in 2014; however, from 2015 to 2017, the exports remained at a lower figure.

In value terms, stone polishing machine exports amounted to $X in 2017. Over the period under review, exports showed a prominent expansion. The smallest decline of 99.9% was in 2015. The exports peaked in 2017 and are expected to retain growth in the immediate term.

Stone Polishing Machine Imports

Imports into Bangladesh

In 2022, approx. X units of grinding or polishing machines for working stone, ceramics and concrete were imported into Bangladesh; reducing by -31.9% on 2021 figures. In general, imports, however, saw a pronounced expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 96% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, stone polishing machine imports fell to $X in 2022. Overall, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 62%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest stone polishing machine supplier to Bangladesh, accounting for a 65% share of total imports. Moreover, stone polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. The third position in this ranking was held by Hong Kong SAR (X units), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+54.9% per year) and Hong Kong SAR (+41.4% per year).

In value terms, China ($X) constituted the largest supplier of grinding or polishing machines for working stone, ceramics and concrete to Bangladesh, comprising 62% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 22% share of total imports. It was followed by Taiwan (Chinese), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+69.1% per year) and Taiwan (Chinese) (+35.7% per year).

Import Prices by Country

The average stone polishing machine import price stood at $X per unit in 2022, increasing by 25% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stone polishing machine import price increased by +22.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 58%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 Hong Kong SAR ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+19.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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