Bangladesh: Hydraulic Automatic Regulators Market 2024

Hydraulic Automatic Regulators Market Size in Bangladesh

In 2021, the Bangladeshi hydraulic automatic regulators market increased by 102% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a significant increase. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Hydraulic Automatic Regulators Exports

Exports from Bangladesh

Hydraulic automatic regulators exports from Bangladesh fell markedly to X units in 2021, with a decrease of -15.1% against the previous year's figure. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 9,259%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hydraulic automatic regulators exports soared to $X in 2021. Over the period under review, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2014 when exports increased by 563% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Indonesia (X units) was the main destination for hydraulic automatic regulators exports from Bangladesh, accounting for a 94% share of total exports. Moreover, hydraulic automatic regulators exports to Indonesia exceeded the volume sent to the second major destination, Germany (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Indonesia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.8% per year) and Belgium (0.0% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for hydraulic or pneumatic automatic regulating instruments exports from Bangladesh, comprising 78% of total exports. The second position in the ranking was taken by Belgium ($X), with a 7.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Indonesia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (0.0% per year) and Germany (+7.4% per year).

Export Prices by Country

The average hydraulic automatic regulators export price stood at $X per unit in 2021, surging by 72% against the previous year. Overall, the export price, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 4,723% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Belgium ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+306.0%).

Hydraulic Automatic Regulators Imports

Imports into Bangladesh

In 2021, supplies from abroad of hydraulic or pneumatic automatic regulating instruments increased by 108% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2014 when imports increased by 1,617%. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, hydraulic automatic regulators imports skyrocketed to $X in 2021. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,420% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest hydraulic automatic regulators supplier to Bangladesh, accounting for a 28% share of total imports. Moreover, hydraulic automatic regulators imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. China (X units) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +51.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+25.7% per year) and China (+18.3% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic or pneumatic automatic regulating instruments to Bangladesh, comprising 43% of total imports. The second position in the ranking was taken by Germany ($X), with a 9% share of total imports. It was followed by the Netherlands, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +58.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+45.3% per year) and the Netherlands (+33.4% per year).

Import Prices by Country

In 2021, the average hydraulic automatic regulators import price amounted to $X per unit, waning by -34.4% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 an increase of 623%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+33.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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