Bangladesh: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in Bangladesh

The Bangladeshi non-electric motor handtools market fell rapidly to $X in 2022, which is down by -20.7% 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). In general, consumption, however, saw a buoyant expansion. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Non-Electric Motor Handtools Exports

Exports from Bangladesh

Non-electric motor handtools exports from Bangladesh totaled X units in 2022, approximately mirroring 2021. Over the period under review, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2015 when exports increased by 433%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electric motor handtools exports fell notably to $X in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 322%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X units), Germany (X units) and China (X units) were the main destinations of non-electric motor handtools exports from Bangladesh, together comprising 88% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +11.6%), while the other leaders experienced mixed trend patterns.

In value terms, India ($X), Germany ($X) and China ($X) constituted the largest markets for non-electric motor handtools exported from Bangladesh worldwide, with a combined 99% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +41.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average non-electric motor handtools export price stood at $X per unit in 2022, reducing by -21.3% against the previous year. Over the period under review, the export price, however, posted prominent growth. The most prominent rate of growth was recorded in 2018 an increase of 118%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then declined notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Singapore ($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 Germany (+26.4%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Electric Motor Handtools Imports

Imports into Bangladesh

In 2022, approx. X units of handtools, hydraulic or with a self-contained non-electric motor were imported into Bangladesh; waning by -8.1% on 2021 figures. In general, imports, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2016 when imports increased by 796%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, non-electric motor handtools imports fell dramatically to $X in 2022. Overall, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 803%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest non-electric motor handtools supplier to Bangladesh, accounting for a 72% share of total imports. Moreover, non-electric motor handtools imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), eightfold. India (X units) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+34.4% per year) and India (+23.2% per year).

In value terms, China ($X) constituted the largest supplier of handtools, hydraulic or with a self-contained non-electric motor to Bangladesh, comprising 40% of total imports. The second position in the ranking was taken by Turkey ($X), with a 15% share of total imports. It was followed by India, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+32.9% per year) and India (+18.4% per year).

Import Prices by Country

The average non-electric motor handtools import price stood at $X per unit in 2022, with a decrease of -18.7% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-electric motor handtools import price increased by +9.5% against 2020 indices. The pace of growth was the most pronounced in 2019 an increase of 48%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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