Bangladesh: Test And Measurement Market 2025

Test And Measurement Market Size in Bangladesh

In 2021, the Bangladeshi test and measurement market was finally on the rise to reach $X after two years of decline. Overall, consumption showed a significant expansion. Test and measurement consumption peaked in 2021 and is likely to see steady growth in years to come.

Test And Measurement Exports

Exports from Bangladesh

In 2021, shipments abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 1,678% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, test and measurement exports surged to $X in 2021. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 1,403% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for test and measurement exports from Bangladesh, with a 65% share of total exports. Moreover, test and measurement exports to the United Arab Emirates exceeded the volume sent to the second major destination, the Netherlands (X units), sixfold. The UK (X units) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +82.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+78.3% per year) and the UK (+34.4% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for instruments and apparatus for measuring or checking pressure of liquids or gasses exports from Bangladesh, comprising 66% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 7.6% share of total exports. It was followed by Malaysia, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at +86.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+453.9% per year) and Malaysia (+13.1% per year).

Export Prices by Country

The average test and measurement export price stood at $X per unit in 2021, surging by 18% against the previous year. In general, the export price continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 212% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Slovakia ($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 the Netherlands (+107.0%), while the prices for the other major destinations experienced more modest paces of growth.

Test And Measurement Imports

Imports into Bangladesh

Test and measurement imports into Bangladesh soared to X units in 2021, picking up by 95% on 2020. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 733% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, test and measurement imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2014 when imports increased by 212%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest test and measurement supplier to Bangladesh, accounting for a 75% share of total imports. Moreover, test and measurement imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold. The third position in this ranking was taken by Japan (X units), with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +29.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+13.1% per year) and Japan (+63.6% per year).

In value terms, China ($X) constituted the largest supplier of instruments and apparatus for measuring or checking pressure of liquids or gasses to Bangladesh, comprising 42% of total imports. The second position in the ranking was held by India ($X), with a 9.2% share of total imports. It was followed by Japan, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +49.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.7% per year) and Japan (+83.2% per year).

Import Prices by Country

In 2021, the average test and measurement import price amounted to $X per unit, therefore, remained relatively stable against the previous year. Overall, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, test and measurement import price decreased by -21.3% against 2017 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 129% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 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 Singapore ($X per unit), while the price for China ($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 (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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