Report Update Nov 1, 2024

Bangladesh - Machines for Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in Bangladesh

In 2021, after two years of decline, there was significant growth in the Bangladeshi balancing mechanical parts machine market, when its value increased by 144% to $X. In general, consumption enjoyed a remarkable increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Exports of Machines For Balancing Mechanical Parts

Exports from Bangladesh

In 2021, shipments abroad of machines for balancing mechanical parts was finally on the rise to reach X units after three years of decline. Over the period under review, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 86% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, balancing mechanical parts machine exports soared to $X in 2021. In general, exports, however, showed a noticeable decrease. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X units) was the main destination for balancing mechanical parts machine exports from Bangladesh, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to India totaled -17.1%.

In value terms, India ($X) emerged as the key foreign market for machines for balancing mechanical parts exports from Bangladesh.

From 2012 to 2021, the average annual growth rate of value to India amounted to -3.7%.

Export Prices by Country

In 2021, the average balancing mechanical parts machine export price amounted to $X per unit, rising by 121% against the previous year. Over the period under review, the export price recorded a buoyant expansion. The export price peaked at $X per unit in 2017; however, from 2018 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 India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +16.2% per year.

Imports of Machines For Balancing Mechanical Parts

Imports into Bangladesh

In 2021, after two years of decline, there was significant growth in purchases abroad of machines for balancing mechanical parts, when their volume increased by 72% to X units. Overall, imports showed a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 801% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, balancing mechanical parts machine imports skyrocketed to $X in 2021. In general, imports showed significant growth. The growth pace was the most rapid in 2018 when imports increased by 932%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Korea (X units), Germany (X units) and Hong Kong SAR (X units) were the main suppliers of balancing mechanical parts machine imports to Bangladesh, with a combined 64% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +54.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machines for balancing mechanical parts to Bangladesh, comprising 45% of total imports. The second position in the ranking was held by South Korea ($X), with a 10% share of total imports. It was followed by Singapore, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +74.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+25.8% per year) and Singapore (+13.1% per year).

Import Prices by Country

The average balancing mechanical parts machine import price stood at $X per unit in 2021, increasing by 64% against the previous year. Overall, the import price continues to indicate a strong increase. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 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 China ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+38.5%), 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 machines for balancing mechanical parts in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, with a combined 44% share of global consumption. India, Japan, Russia, Thailand, Indonesia, Turkey, Mexico, Poland, Saudi Arabia and Italy lagged somewhat behind, together comprising a further 33%.

What are the largest producers of machines for balancing mechanical parts in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 40% share of global production. These countries were followed by Italy, Germany, Japan, Russia, Thailand, Indonesia, Mexico, Turkey, Saudi Arabia and Democratic Republic of the Congo, which together accounted for a further 48%.

What are the leading suppliers of machines for balancing mechanical parts to Bangladesh?

In value terms, South Korea, China and Taiwan Chinese) appeared to be the largest balancing mechanical parts machine suppliers to Bangladesh, with a combined 68% share of total imports. These countries were followed by Thailand, the United States, India and Hong Kong SAR, which together accounted for a further 18%.

What are the leading importers of machines for balancing mechanical parts from Bangladesh?

In value terms, India remains the key foreign market for balancing mechanical parts machine exports from Bangladesh.

What is the average export price for machines for balancing mechanical parts in Bangladesh?

In 2021, the average balancing mechanical parts machine export price amounted to $343 per unit, increasing by 93% against the previous year.

What is the average import price for machines for balancing mechanical parts in Bangladesh?

The average balancing mechanical parts machine import price stood at $150 per unit in 2021, growing by 19% against the previous year.

This report provides an in-depth analysis of the market for balancing mechanical parts machine 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 28993970 - Machines for balancing mechanical parts

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