Report Update Nov 1, 2024

Bangladesh - Industrial Robots for Multiple Uses - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Industrial Robot Market 2024

Industrial Robot Market Size in Bangladesh

The Bangladeshi industrial robot market totaled $X in 2021, standing approx. at the previous year. Overall, consumption saw buoyant growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Industrial Robot Production in Bangladesh

In value terms, industrial robot production amounted to $X in 2021 estimated in export price. In general, production saw a strong increase. The pace of growth was the most pronounced in 2019 with an increase of 47% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Industrial Robot Exports

Exports from Bangladesh

In 2017, approx. X units of industrial robots for multiple uses were exported from Bangladesh; therefore, remained relatively stable against 2016. In general, exports recorded a relatively flat trend pattern. The smallest decline of 99.9% was in 2013. Over the period under review, the exports hit record highs in 2017 and are likely to see gradual growth in the immediate term.

In value terms, industrial robot exports soared to $X in 2017. Over the period under review, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2016 when exports increased by 896%. Over the period under review, the exports attained the maximum in 2017 and are likely to see gradual growth in years to come.

Exports by Country

From 2012 to 2020, the average annual rate of growth in terms of volume to No country was relatively modest.

From 2012 to 2020, the average annual growth rate of value to No country was relatively modest.

Export Prices by Country

The average industrial robot export price stood at $X per unit in 2017, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2013 when the average export price decreased by 99.9%. The export price peaked in 2017 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2017, the rate of growth in terms of prices for Germany amounted to 0.0% per year.

Industrial Robot Imports

Imports into Bangladesh

In 2021, imports of industrial robots for multiple uses into Bangladesh surged to X units, increasing by 128% compared with the year before. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 700% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, industrial robot imports soared to $X in 2021. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 564%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X units), China (X units) and Germany (X units) were the main suppliers of industrial robot imports to Bangladesh, with a combined 75% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +74.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Turkey ($X) and Germany ($X) constituted the largest industrial robot suppliers to Bangladesh, together accounting for 57% of total imports.

South Korea, with a CAGR of +154.1%, recorded the highest rates of growth with regard to the value of imports, among 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 industrial robot import price stood at $X per unit in 2021, which is down by -19% against the previous year. Over the period under review, the import price continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2017 when the average import price increased by 47% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial robots for multiple uses in the world?

The countries with the highest volumes of industrial robot consumption in 2020 were China, United States and Japan, with a combined 47% share of global consumption. These countries were followed by France, Hong Kong SAR, Ethiopia, the UK, Italy, South Korea, Canada, India and Spain, which together accounted for a further 20%.

What are the largest producers of industrial robots for multiple uses in the world?

The countries with the highest volumes of industrial robot production in 2020 were China, Japan and Germany, with a combined 63% share of global production.

What are the leading suppliers of industrial robots for multiple uses to Bangladesh?

In value terms, Turkey constituted the largest supplier of industrial robot to Bangladesh, comprising 44% of total imports. The second position in the ranking was occupied by China, with a 16% share of total imports. It was followed by Italy, with a 15% share.

What is the average import price for industrial robots for multiple uses in Bangladesh?

The average industrial robot import price stood at $17,086 per unit in 2020, with an increase of 13% against the previous year.

This report provides an in-depth analysis of the industrial robot market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28993935 - Industrial robots for multiple uses (excluding robots designed to perform a specific function (e.g. lifting, handling, loading or unloading))

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023