Bangladesh: Internal Combustion Engines Market 2025

Internal Combustion Engines Market Size in Bangladesh

The Bangladeshi internal combustion engines market declined notably to $X in 2021, reducing by -44.6% 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Internal combustion engines consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Internal Combustion Engines Exports

Exports from Bangladesh

In 2021, overseas shipments of motor vehicles compression-ignition internal combustion piston engines decreased by -61.8% to X units, falling for the sixth year in a row after four years of growth. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 990%. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, internal combustion engines exports declined dramatically to $X in 2021. In general, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 774%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X units) was the main destination for internal combustion engines exports from Bangladesh, with a 77% share of total exports. Moreover, internal combustion engines exports to Malaysia exceeded the volume sent to the second major destination, Nigeria (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Malaysia was relatively modest.

In value terms, the largest markets for internal combustion engines exported from Bangladesh were Malaysia ($X), Nigeria ($X) and Singapore ($X).

Nigeria, with a CAGR of +13.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average internal combustion engines export price amounted to $X per unit, shrinking by -3.4% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The growth pace was the most rapid in 2019 an increase of 41%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+11.0%).

Internal Combustion Engines Imports

Imports into Bangladesh

In 2021, supplies from abroad of motor vehicles compression-ignition internal combustion piston engines decreased by -22.2% to X units, falling for the fourth consecutive year after two years of growth. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 425% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, internal combustion engines imports reduced notably to $X in 2021. Overall, imports showed a perceptible reduction. The growth pace was the most rapid in 2014 when imports increased by 338% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then shrank rapidly in the following year.

Imports by Country

China (X units), India (X units) and Japan (X units) were the main suppliers of internal combustion engines imports to Bangladesh, with a combined 96% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +31.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest internal combustion engines suppliers to Bangladesh were China ($X), Japan ($X) and India ($X), together comprising 87% of total imports.

Among the main suppliers, China, with a CAGR of +37.4%, 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

In 2021, the average internal combustion engines import price amounted to $X per unit, dropping by -56.4% against the previous year. In general, the import price showed a pronounced contraction. The pace of growth was the most pronounced in 2020 an increase of 92%. As a result, import price attained the peak level of $X per unit, and then shrank remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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