Bangladesh: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Bangladesh

The Bangladeshi air conditioning machine market dropped to $X in 2022, reducing by -10.4% 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, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +19.4% against 2020 indices. Air conditioning machine consumption peaked at $X in 2021, and then shrank in the following year.

Air Conditioning Machine Exports

Exports from Bangladesh

In 2022, after two years of decline, there was decline in overseas shipments of non-window or wall air conditioning machines, when their volume decreased by 0% to X units. Overall, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 1,100%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, air conditioning machine exports soared to $X in 2022. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by 2,471% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Philippines (X units) was the main destination for air conditioning machine exports from Bangladesh, accounting for a approx. 50% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines was relatively modest.

In value terms, the Philippines ($X) emerged as the key foreign market for non-window or wall air conditioning machines exports from Bangladesh.

From 2012 to 2022, the average annual growth rate of value to the Philippines was relatively modest.

Export Prices by Country

In 2022, the average air conditioning machine export price amounted to $X per unit, rising by 19% against the previous year. In general, the export price saw moderate growth. The most prominent rate of growth was recorded in 2016 an increase of 199%. The export price peaked in 2022 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 the Philippines.

From 2012 to 2022, the rate of growth in terms of prices for Luxembourg amounted to +122.7% per year.

Air Conditioning Machine Imports

Imports into Bangladesh

In 2022, approx. X units of non-window or wall air conditioning machines were imported into Bangladesh; shrinking by -6% on the previous year. In general, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 53% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, air conditioning machine imports dropped to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +16.4% against 2020 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 43%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of air conditioning machine to Bangladesh, with a 44% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), twofold. The third position in this ranking was taken by the UK (X units), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+58.1% per year) and the UK (+28.9% per year).

In value terms, China ($X) constituted the largest supplier of non-window or wall air conditioning machines to Bangladesh, comprising 34% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with an 8.7% share of total imports. It was followed by the UK, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+38.6% per year) and the UK (+23.1% per year).

Import Prices by Country

The average air conditioning machine import price stood at $X per unit in 2022, falling by -6.8% against the previous year. In general, the import price continues to indicate a slight contraction. The growth pace was the most rapid in 2014 when the average import price increased by 46%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform