Bangladesh: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in Bangladesh

The Bangladeshi non-numerically controlled sharpening machine market rose significantly to $X in 2022, growing by 10% against the previous year. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.4% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in Bangladesh

In value terms, non-numerically controlled sharpening machine production expanded markedly to $X in 2022 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.3% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 49%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Bangladesh

In 2019, exports of non-numerically controlled sharpening machines for working metal from Bangladesh stood at X units, therefore, remained relatively stable against 2018. In general, exports continue to indicate a significant curtailment. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2019, the exports failed to regain momentum.

In value terms, non-numerically controlled sharpening machine exports stood at $X in 2019. Overall, exports showed a significant decline. The smallest decline of 99.9% was in 2016. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2019, the exports remained at a lower figure.

Exports by Country

India (X units) was the main destination for non-numerically controlled sharpening machine exports from Bangladesh, accounting for a approx. 100% share of total exports.

From 2015 to 2019, the average annual growth rate of volume to India stood at -42.3%.

From 2015 to 2019, the average annual rate of growth in terms of value to India totaled -56.2%.

Export Prices by Country

The average non-numerically controlled sharpening machine export price stood at $X per unit in 2019, stabilizing at the previous year. Over the period under review, the export price continues to indicate a sharp decrease. The pace of growth was the most pronounced in 2016 a decrease of 99.9% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2019, the export prices failed to regain momentum.

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

From 2015 to 2019, the rate of growth in terms of prices for India amounted to -24.1% per year.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Bangladesh

In 2022, overseas purchases of non-numerically controlled sharpening machines for working metal were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports posted strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 272%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-numerically controlled sharpening machine imports soared to $X in 2022. Overall, imports saw a moderate increase. The growth pace was the most rapid in 2017 with an increase of 144%. 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 Russia (X units) were the main suppliers of non-numerically controlled sharpening machine imports to Bangladesh, together accounting for 79% of total imports. France, Japan, Taiwan (Chinese) and the UK lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +32.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Russia ($X) constituted the largest non-numerically controlled sharpening machine suppliers to Bangladesh, with a combined 72% share of total imports. Taiwan (Chinese), France, the UK and Japan lagged somewhat behind, together comprising a further 15%.

Among the main suppliers, France, with a CAGR of +35.1%, recorded the highest growth rate of 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 non-numerically controlled sharpening machine import price amounted to $X per unit, declining by -18.7% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2015 an increase of 73% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average 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 the UK ($X per unit), while the price for Japan ($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 (+13.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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