Bangladesh: Printing Press Market 2024

Printing Press Market Size in Bangladesh

The Bangladeshi printing press market was estimated at $X in 2022, rising by 5.2% 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 showed prominent growth. Printing press consumption peaked in 2022 and is likely to see steady growth in the near future.

Printing Press Exports

Exports from Bangladesh

In 2022, approx. X units of printing presses were exported from Bangladesh; shrinking by -38.1% against the previous year's figure. Overall, exports, however, continue to indicate a mild expansion. The pace of growth was the most pronounced in 2013 with an increase of 7,673% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, printing press exports skyrocketed to $X in 2022. In general, exports saw a abrupt downturn. The growth pace was the most rapid in 2018 when exports increased by 887%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X units) was the main destination for printing press exports from Bangladesh, with a 23% share of total exports. Moreover, printing press exports to India exceeded the volume sent to the second major destination, Hong Kong SAR (X units), threefold. The third position in this ranking was held by the Netherlands (X units), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to India totaled +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (0.0% per year) and the Netherlands (0.0% per year).

In value terms, India ($X) remains the key foreign market for printing presses exports from Bangladesh, comprising 83% of total exports. The second position in the ranking was held by Singapore ($X), with a 4.2% share of total exports. It was followed by Hong Kong SAR, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India stood at +19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-25.2% per year) and Hong Kong SAR (-17.4% per year).

Export Prices by Country

In 2022, the average printing press export price amounted to $X per unit, jumping by 1,077% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the average export price increased by 2,316% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Germany ($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 the Netherlands (+75.9%), while the prices for the other major destinations experienced mixed trend patterns.

Printing Press Imports

Imports into Bangladesh

In 2022, printing press imports into Bangladesh skyrocketed to X units, growing by 19% compared with 2021. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 91% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, printing press imports dropped to $X in 2022. Over the period under review, imports continue to indicate a mild increase. The pace of growth was the most pronounced in 2015 when imports increased by 42%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), South Korea (X units) and India (X units) were the main suppliers of printing press imports to Bangladesh, together comprising 33% of total imports. Taiwan (Chinese), Japan, Thailand, Singapore, Italy, the United States, Austria, Australia and Germany lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +39.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and the United States ($X) were the largest printing press suppliers to Bangladesh, together accounting for 35% of total imports. India, South Korea, Germany, Taiwan (Chinese), Austria, Singapore, Japan, Thailand and Australia lagged somewhat behind, together accounting for a further 43%.

In terms of the main suppliers, Austria, with a CAGR of +24.1%, 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

The average printing press import price stood at $X per unit in 2022, declining by -26.5% against the previous year. Overall, the import price saw a deep reduction. The pace of growth was the most pronounced in 2014 an increase of 31% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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