Report Update Jan 1, 2025

Bangladesh - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Motor Vehicle Engine Market 2025

Motor Vehicle Engine Market Size in Bangladesh

The Bangladeshi motor vehicle engine market skyrocketed to $X in 2021, growing by 113% 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). Overall, consumption continues to indicate a significant expansion. Motor vehicle engine consumption peaked in 2021 and is expected to retain growth in the immediate term.

Motor Vehicle Engine Exports

Exports from Bangladesh

After two years of growth, shipments abroad of motor vehicle engines (spark-ignition) decreased by -6.8% to X tons in 2021. In general, exports showed a abrupt downturn. The growth pace was the most rapid in 2019 when exports increased by 233%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, motor vehicle engine exports amounted to $X in 2021. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 189%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria (X tons) was the main destination for motor vehicle engine exports from Bangladesh, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Nigeria amounted to -9.7%.

In value terms, Nigeria ($X) also remains the key foreign market for motor vehicle engines (spark-ignition) exports from Bangladesh.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria amounted to -8.1%.

Export Prices by Country

In 2021, the average motor vehicle engine export price amounted to $X per ton, with an increase of 7.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 an increase of 12%. The export price peaked in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the rate of growth in terms of prices for Nigeria amounted to +1.8% per year.

Motor Vehicle Engine Imports

Imports into Bangladesh

In 2021, the amount of motor vehicle engines (spark-ignition) imported into Bangladesh surged to X tons, with an increase of 128% against the previous year. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, motor vehicle engine imports surged to $X in 2021. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 290% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

India (X tons), Japan (X tons) and the United Arab Emirates (X tons) were the main suppliers of motor vehicle engine imports to Bangladesh, together comprising 96% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +225.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of motor vehicle engines (spark-ignition) to Bangladesh, comprising 94% of total imports. The second position in the ranking was held by Japan ($X), with a 3.5% share of total imports. It was followed by China, with a 1.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at +275.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+9.9% per year) and China (-13.0% per year).

Import Prices by Country

The average motor vehicle engine import price stood at $X per ton in 2021, dropping by -9.8% against the previous year. Overall, the import price, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2019 an increase of 95% against the previous year. The import price peaked at $X per ton in 2020, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+15.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for motor vehicle engines (spark-ignition) in the world?

The countries with the highest volumes of motor vehicle engine consumption in 2020 were China, Japan and the United States, together comprising 41% of global consumption. India, Mexico, Indonesia, Brazil, Russia, Italy, Turkey, Canada, South Korea and France lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of motor vehicle engines (spark-ignition) in the world?

The countries with the highest volumes of motor vehicle engine production in 2020 were China, Japan and the United States, together comprising 42% of global production. India, Mexico, Indonesia, Brazil, France, South Korea, Poland, Italy, the UK and Hungary lagged somewhat behind, together comprising a further 36%.

What are the leading suppliers of motor vehicle engines (spark-ignition) to Bangladesh?

In value terms, India constituted the largest supplier of motor vehicle engine to Bangladesh, comprising 91% of total imports. The second position in the ranking was occupied by Japan, with a 5.1% share of total imports.

What are the leading importers of motor vehicle engines (spark-ignition) from Bangladesh?

In value terms, Nigeria remains the key foreign market for motor vehicle engine exports from Bangladesh, comprising 90% of total exports. The second position in the ranking was occupied by Germany, with a 9.7% share of total exports.

What is the average export price for motor vehicle engines (spark-ignition) in Bangladesh?

The average motor vehicle engine export price stood at $12,541 per ton in 2020, picking up by 8% against the previous year.

What is the average import price for motor vehicle engines (spark-ignition) in Bangladesh?

The average motor vehicle engine import price stood at $22,131 per ton in 2020, with an increase of 54% against the previous year.

This report provides an in-depth analysis of the motor vehicle engine 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 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024