Bangladesh: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Bangladesh

In 2021, the Bangladeshi market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) was finally on the rise to reach $X after two years of decline. Overall, consumption, however, saw a noticeable setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Bangladesh

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) rose sharply to $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep slump. The pace of growth appeared the most rapid in 2018 when the production volume increased by 22% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports from Bangladesh

In 2021, approx. X tons of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) were exported from Bangladesh; approximately reflecting 2020. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 558% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) expanded remarkably to $X in 2021. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 795%. Over the period under review, the exports of reached the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons) was the main destination for exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Bangladesh, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Austria stood at +46.7%.

In value terms, Austria ($X) also remains the key foreign market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exports from Bangladesh.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria totaled +51.5%.

Export Prices by Country

The average export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X per ton in 2021, surging by 5.7% against the previous year. Over the period under review, the export price, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 36%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Austria amounted to +3.3% per year.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports into Bangladesh

In 2021, after five years of growth, there was significant decline in supplies from abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), when their volume decreased by -29.6% to X tons. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 143%. Over the period under review, imports of reached the peak figure at X tons in 2020, and then shrank dramatically in the following year.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) fell to $X in 2021. In general, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 127%. Imports peaked at $X in 2020, and then shrank in the following year.

Imports by Country

In 2021, Italy (X tons) constituted the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplier to Bangladesh, accounting for a 78% share of total imports. Moreover, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Italy exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. Austria (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +40.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.6% per year) and Austria (+76.4% per year).

In value terms, Italy ($X) constituted the largest supplier of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Bangladesh, comprising 70% of total imports. The second position in the ranking was taken by Austria ($X), with a 6.6% share of total imports. It was followed by Japan, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +48.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+98.1% per year) and Japan (+7.0% per year).

Import Prices by Country

The average import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X per ton in 2021, growing by 21% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 37% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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