Bangladesh: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Bangladesh

The Bangladeshi machine-tool for removing material market soared to $X in 2021, jumping by 120% 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). In general, consumption enjoyed a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Bangladesh

Machine-tool for removing material exports from Bangladesh declined markedly to X units in 2021, which is down by -66.7% against the year before. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 200%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for removing material exports shrank to $X in 2021. Over the period under review, exports, however, recorded a temperate expansion. The growth pace was the most rapid in 2016 with an increase of 82% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Switzerland (X units) was the main destination for machine-tool for removing material exports from Bangladesh, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland was relatively modest.

In value terms, Switzerland ($X) emerged as the key foreign market for machine-tools for working any material by removal of material exports from Bangladesh, comprising 88% of total exports. The second position in the ranking was held by Spain ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Switzerland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+23.8% per year) and Italy (-33.5% per year).

Export Prices by Country

In 2021, the average machine-tool for removing material export price amounted to $X per unit, surging by 180% against the previous year. Over the period under review, the export price recorded a buoyant increase. The pace of growth was the most pronounced in 2016 an increase of 211%. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Italy ($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 Spain (-7.5%).

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Bangladesh

In 2021, the amount of machine-tools for working any material by removal of material imported into Bangladesh soared to X units, picking up by 48% on the previous year. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 119%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, machine-tool for removing material imports skyrocketed to $X in 2021. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), China (X units) and Spain (X units) were the main suppliers of machine-tool for removing material imports to Bangladesh, with a combined 66% share of total imports. These countries were followed by the United States, the United Arab Emirates, Taiwan (Chinese), India, Singapore and Italy, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +74.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of machine-tools for working any material by removal of material to Bangladesh, comprising 28% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Germany, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +42.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+36.8% per year) and Germany (+76.3% per year).

Import Prices by Country

In 2021, the average machine-tool for removing material import price amounted to $X per unit, rising by 88% against the previous year. In general, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 91% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+28.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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