Bangladesh: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Bangladesh

After three years of decline, the Bangladeshi filling containers machinery market increased by 59% to $X in 2021. Overall, consumption saw a significant expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Filling Containers Machinery Exports

Exports from Bangladesh

Filling containers machinery exports from Bangladesh reduced markedly to X units in 2021, shrinking by -72.8% against 2020 figures. Over the period under review, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 5,922%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, filling containers machinery exports declined markedly to $X in 2021. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 4,040% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

India (X units) was the main destination for filling containers machinery exports from Bangladesh, with a 71% share of total exports. Moreover, filling containers machinery exports to India exceeded the volume sent to the second major destination, Nepal (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to India amounted to +9.3%.

In value terms, India ($X) and Nepal ($X) constituted the largest markets for filling containers machinery exported from Bangladesh worldwide.

Among the main countries of destination, India, with a CAGR of +16.5%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average filling containers machinery export price amounted to $X per unit, with an increase of 25% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, filling containers machinery export price increased by +97.6% against 2015 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 77% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Nepal ($X per unit), while the average price for exports to India stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+68.4%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into Bangladesh

After three years of decline, overseas purchases of machinery for filling, closing, sealing, capsuling or labelling containers increased by 51% to X units in 2021. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 193% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, filling containers machinery imports soared to $X in 2021. In general, imports showed resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 140%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and India (X units) were the main suppliers of filling containers machinery imports to Bangladesh, together accounting for 59% of total imports. Italy, Taiwan (Chinese), Denmark and the United States lagged somewhat behind, together accounting for a further 9.1%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +115.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and India ($X) appeared to be the largest filling containers machinery suppliers to Bangladesh, with a combined 50% share of total imports. These countries were followed by Italy, the United States, Taiwan (Chinese) and Denmark, which together accounted for a further 12%.

The United States, with a CAGR of +134.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average filling containers machinery import price amounted to $X per unit, surging by 19% against the previous year. In general, the import price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by 21% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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