Bangladesh: Non-Household Fan Market 2024

Non-Household Fan Market Size in Bangladesh

The Bangladeshi non-household fan market contracted markedly to $X in 2022, with a decrease of -27% 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, enjoyed a buoyant increase. As a result, consumption reached the peak level of $X, and then reduced dramatically in the following year.

Non-Household Fan Exports

Exports from Bangladesh

In 2022, overseas shipments of non-household ventilation fans decreased by -3.3% to X units, falling for the third year in a row after five years of growth. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 1,166%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-household fan exports expanded markedly to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 1,564%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for non-household fan exports from Bangladesh, with a 47% share of total exports. Moreover, non-household fan exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), more than tenfold. Malaysia (X units) ranked third in terms of total exports with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +67.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+47.3% per year) and Malaysia (+3.1% per year).

In value terms, the United States ($X) remains the key foreign market for non-household ventilation fans exports from Bangladesh, comprising 49% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 0.8% share of total exports. It was followed by Malaysia, with less than 0.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +58.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+58.1% per year) and Malaysia (-12.2% per year).

Export Prices by Country

In 2022, the average non-household fan export price amounted to $X per unit, surging by 12% against the previous year. Overall, the export price enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 77%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Malaysia ($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 Poland (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Household Fan Imports

Imports into Bangladesh

In 2022, approx. X units of non-household ventilation fans were imported into Bangladesh; falling by -25.6% on the previous year. In general, imports, however, showed a measured increase. The growth pace was the most rapid in 2021 with an increase of 105% against the previous year. As a result, imports attained the peak of X units, and then dropped markedly in the following year.

In value terms, non-household fan imports declined notably to $X in 2022. Over the period under review, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 123% against the previous year. As a result, imports attained the peak of $X, and then reduced remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-household fan to Bangladesh, accounting for a 45% share of total imports. It was followed by Malaysia (X units), with a 0.4% share of total imports. India (X units) ranked third in terms of total imports with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-4.7% per year) and India (-18.6% per year).

In value terms, China ($X) constituted the largest supplier of non-household ventilation fans to Bangladesh, comprising 25% of total imports. The second position in the ranking was held by India ($X), with a 1.6% share of total imports. It was followed by Malaysia, with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-1.1% per year) and Malaysia (+14.3% per year).

Import Prices by Country

In 2022, the average non-household fan import price amounted to $X per unit, reducing by -2.7% against the previous year. In general, the import price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 53% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform