Report Update Nov 1, 2024

Bangladesh - Machinery for Public Works and Building - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Public Works Machinery Market 2024

Public Works Machinery Market Size in Bangladesh

In 2021, the Bangladeshi public works machinery market decreased by -5.6% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, saw buoyant growth. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted in the following year.

Public Works Machinery Production in Bangladesh

In value terms, public works machinery production reduced to $X in 2021 estimated in export price. In general, production, however, enjoyed resilient growth. The growth pace was the most rapid in 2017 with an increase of 51% against the previous year. Public works machinery production peaked at $X in 2020, and then dropped in the following year.

Public Works Machinery Exports

Exports from Bangladesh

In 2021, shipments abroad of machinery for public works and building was finally on the rise to reach X units after six years of decline. Over the period under review, exports, however, recorded a significant decline. The pace of growth was the most pronounced in 2014 when exports increased by 5,092% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, public works machinery exports soared to $X in 2021. Overall, exports, however, recorded a sharp curtailment. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X units) was the main destination for public works machinery exports from Bangladesh, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR amounted to -2.4%.

In value terms, Hong Kong SAR ($X) also remains the key foreign market for machinery for public works and building exports from Bangladesh.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR totaled +15.4%.

Export Prices by Country

In 2021, the average public works machinery export price amounted to $X per unit, shrinking by -29.3% against the previous year. In general, the export price, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 3,043%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020, and then dropped dramatically in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Hong Kong SAR amounted to +19.4% per year.

Public Works Machinery Imports

Imports into Bangladesh

After four years of growth, supplies from abroad of machinery for public works and building decreased by -46.7% to X units in 2021. In general, imports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 221%. Imports peaked at X units in 2020, and then dropped remarkably in the following year.

In value terms, public works machinery imports fell to $X in 2021. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 251%. Over the period under review, imports reached the peak figure at $X in 2020, and then shrank slightly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest public works machinery supplier to Bangladesh, with a 57% share of total imports. Moreover, public works machinery imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold. The third position in this ranking was taken by the UK (X units), with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+56.7% per year) and the UK (+39.1% per year).

In value terms, China ($X), India ($X) and the UK ($X) were the largest public works machinery suppliers to Bangladesh, together accounting for 57% of total imports. Singapore, Germany, the Czech Republic, Russia and Turkey lagged somewhat behind, together comprising a further 24%.

In terms of the main suppliers, Russia, with a CAGR of +72.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average public works machinery import price stood at $X per unit in 2021, picking up by 82% against the previous year. Over the period under review, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 107%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, 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 Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+42.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machinery for public works and building in the world?

China remains the largest public works machinery consuming country worldwide, comprising approx. 27% of total volume. Moreover, public works machinery consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by India, with a 10% share.

What are the largest producers of machinery for public works and building in the world?

China remains the largest public works machinery producing country worldwide, accounting for 39% of total volume. Moreover, public works machinery production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 10% share.

What are the leading suppliers of machinery for public works and building to Bangladesh?

In value terms, China constituted the largest supplier of public works machinery to Bangladesh, comprising 51% of total imports. The second position in the ranking was occupied by the United States, with a 6.5% share of total imports. It was followed by Singapore, with a 5.7% share.

What is the average export price for machinery for public works and building in Bangladesh?

In 2019, the average public works machinery export price amounted to $10,217 per unit, declining by -56.3% against the previous year.

What is the average import price for machinery for public works and building in Bangladesh?

The average public works machinery import price stood at $1,145 per unit in 2020, reducing by -43.4% against the previous year.

This report provides an in-depth analysis of the public works machinery market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28923090 - Machinery for public works, building..., having individual functions

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023