Bangladesh: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Bangladesh

The Bangladeshi machine-tool for working wood market surged to $X in 2021, rising by 99% 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 posted a perceptible 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 Wood

Exports from Bangladesh

In 2021, the amount of machine-tools for working wood exported from Bangladesh contracted markedly to X kg, declining by -59.2% against the previous year. Over the period under review, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 148%. As a result, the exports reached the peak of X kg. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, machine-tool for working wood exports dropped dramatically to $X in 2021. Overall, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2017 when exports increased by 197% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

India (X kg), Chile (X kg) and Italy (X kg) were the main destinations of machine-tool for working wood exports from Bangladesh, with a combined 90% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, India ($X), Chile ($X) and Italy ($X) appeared to be the largest markets for machine-tool for working wood exported from Bangladesh worldwide, together accounting for 91% of total exports.

Italy, with a CAGR of +4.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average machine-tool for working wood export price amounted to $X per ton, falling by -2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.6%. The pace of growth was the most pronounced in 2014 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then declined modestly in the following year.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and India ($X per ton), while the average price for exports to Canada ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+5.4%).

Imports of Machine-Tools For Working Wood

Imports into Bangladesh

In 2021, the amount of machine-tools for working wood imported into Bangladesh surged to X tons, growing by 160% on the year before. In general, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working wood imports soared to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 53% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of machine-tool for working wood to Bangladesh, with a 85% share of total imports. Moreover, machine-tool for working wood imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+63.1% per year) and Italy (-12.0% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working wood to Bangladesh, comprising 65% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.5% share of total imports. It was followed by India, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.6% per year) and India (-4.7% per year).

Import Prices by Country

The average machine-tool for working wood import price stood at $X per ton in 2021, which is down by -43.8% against the previous year. In general, the import price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 an increase of 12% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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