Bangladesh: Injection-Moulding Machine Market 2024

Injection-Moulding Machine Market Size in Bangladesh

The Bangladeshi injection-moulding machine market declined notably to $X in 2022, with a decrease of -22.4% 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). Over the period under review, consumption, however, continues to indicate a prominent expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Injection-Moulding Machine Exports

Exports from Bangladesh

Injection-moulding machine exports from Bangladesh was estimated at X units in 2022, leveling off at 2021 figures. In general, exports continue to indicate a abrupt descent. The smallest decline of -20% was in 2016. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, injection-moulding machine exports rose notably to $X in 2022. Over the period under review, exports faced a abrupt shrinkage. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea (X units) and Taiwan (Chinese) (X units) were the main destinations of injection-moulding machine exports from Bangladesh. Moreover, injection-moulding machine exports in South Korea exceeded the figures recorded by the second-largest exporter, Taiwan (Chinese), twofold.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +7.2%).

In value terms, South Korea ($X) remains the key foreign market for injection-moulding machines for working rubber or plastics exports from Bangladesh, comprising 99.9% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea stood at +12.0%.

Export Prices by Country

The average injection-moulding machine export price stood at $X per unit in 2022, with an increase of 7.6% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 84%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Taiwan (Chinese) stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+25.0%), while the prices for the other major destinations experienced mixed trend patterns.

Injection-Moulding Machine Imports

Imports into Bangladesh

After three years of growth, purchases abroad of injection-moulding machines for working rubber or plastics decreased by -24.2% to X units in 2022. Overall, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 95%. As a result, imports attained the peak of X units, and then shrank dramatically in the following year.

In value terms, injection-moulding machine imports declined sharply to $X in 2022. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 77%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of injection-moulding machine to Bangladesh, with a 81% share of total imports. Moreover, injection-moulding machine imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. Malaysia (X units) ranked third in terms of total imports with a 4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+21.2% per year) and Malaysia (+46.6% per year).

In value terms, China ($X) constituted the largest supplier of injection-moulding machines for working rubber or plastics to Bangladesh, comprising 74% of total imports. The second position in the ranking was taken by South Korea ($X), with a 6.7% share of total imports. It was followed by Taiwan (Chinese), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+7.8% per year) and Taiwan (Chinese) (+4.8% per year).

Import Prices by Country

In 2022, the average injection-moulding machine import price amounted to $X per unit, growing by 3.2% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 18%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Taiwan (Chinese) ($X per unit), while the price for Malaysia ($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 (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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