Bangladesh: Market for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids 2024

Market Size for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in Bangladesh

The Bangladeshi market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids reduced slightly to $X in 2022, shrinking by -1.9% 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, however, showed a prominent increase. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Exports from Bangladesh

After two years of growth, shipments abroad of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids decreased by -49.2% to X units in 2022. Overall, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 2,988% against the previous year. As a result, the exports reached the peak of X units, and then fell sharply in the following year.

In value terms, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids declined rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a measured increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,053%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

India (X units) was the main destination for exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids from Bangladesh, with a 86% share of total exports. Moreover, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to India exceeded the volume sent to the second major destination, Niger (X units), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (0.0% per year) and Hong Kong SAR (+25.9% per year).

In value terms, India ($X) remains the key foreign market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids exports from Bangladesh, comprising 98% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 1.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India stood at +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+35.9% per year) and Niger (0.0% per year).

Export Prices by Country

The average export price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids stood at $X per unit in 2022, increasing by 44% against the previous year. Over the period under review, the export price, however, saw a abrupt descent. The growth pace was the most rapid in 2015 an increase of 498% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Niger ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+84.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Imports into Bangladesh

After two years of growth, supplies from abroad of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids decreased by -5.7% to X units in 2022. In general, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 79%. Over the period under review, imports of hit record highs at X units in 2021, and then declined in the following year.

In value terms, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids rose notably to $X in 2022. Over the period under review, imports, however, saw a modest increase. The pace of growth was the most pronounced in 2015 when imports increased by 62% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), India (X units) and Hong Kong SAR (X units) were the main suppliers of imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to Bangladesh, together accounting for 87% of total imports. Turkey and the United States lagged somewhat behind, together comprising a further 5.2%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +54.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hong Kong SAR ($X) and India ($X) constituted the largest machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids suppliers to Bangladesh, with a combined 71% share of total imports.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +34.5%, recorded 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

In 2022, the average import price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids amounted to $X per unit, growing by 12% against the previous year. Over the period under review, the import price, however, showed a deep setback. The pace of growth appeared the most rapid in 2019 when the average import price increased by 64% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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