Bangladesh: Hvac Equipment Market 2025

Hvac Equipment Market Size in Bangladesh

In 2022, after six years of growth, there was significant decline in the Bangladeshi HVAC equipment market, when its value decreased by X% to $X. Over the period under review, consumption, however, showed a strong expansion. Consumption peaked at $X in 2021, and then declined in the following year.

Hvac Equipment Exports

Exports from Bangladesh

In 2022, approx. X units of HVAC equipment were exported from Bangladesh; reducing by X% against the previous year's figure. Over the period under review, exports, however, recorded a slight expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, HVAC equipment exports expanded markedly to $X in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for HVAC equipment exports from Bangladesh, accounting for a X% share of total exports. Moreover, HVAC equipment exports to the United States exceeded the volume sent to the second major destination, the UK (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Ethiopia (X% per year).

In value terms, the United States ($X) remains the key foreign market for HVAC equipment exports from Bangladesh, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Ethiopia (X% per year).

Export Prices by Country

In 2022, the average HVAC equipment export price amounted to $X per unit, with an increase of X% against the previous year. In general, the export price showed a significant increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Ethiopia ($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 Cote d'Ivoire (X%), while the prices for the other major destinations experienced mixed trend patterns.

Hvac Equipment Imports

Imports into Bangladesh

In 2022, hvac equipment imports into Bangladesh reduced remarkably to X units, with a decrease of X% on the previous year's figure. Overall, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then fell sharply in the following year.

In value terms, HVAC equipment imports dropped to $X in 2022. Over the period under review, imports, however, showed a remarkable increase. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X units) constituted the largest HVAC equipment supplier to Bangladesh, with a X% share of total imports. Moreover, HVAC equipment imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), sixfold. Singapore (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Singapore (X% per year).

In value terms, Russia ($X), China ($X) and Singapore ($X) constituted the largest HVAC equipment suppliers to Bangladesh, together comprising X% of total imports.

Russia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average HVAC equipment import price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform