Bangladesh: Radar Apparatus Market 2022

Radar Apparatus Market Size in Bangladesh

In 2021, the Bangladeshi radar apparatus market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, saw a pronounced decrease. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Radar Apparatus Production in Bangladesh

In value terms, radar apparatus production reduced to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2018 with an increase of 29%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Radar Apparatus Exports

Exports from Bangladesh

In 2021, the amount of radar apparatus exported from Bangladesh fell sharply to X kg, with a decrease of -38.8% against the previous year. In general, exports, however, posted a strong expansion. The growth pace was the most rapid in 2017 when exports increased by 310%. Over the period under review, the exports attained the maximum at X kg in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, radar apparatus exports declined markedly to $X in 2021. Overall, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2017 when exports increased by 1,050%. Over the period under review, the exports hit record highs at $X in 2020, and then fell sharply in the following year.

Exports by Country

Italy (X kg) was the main destination for radar apparatus exports from Bangladesh, accounting for a 69% share of total exports. Moreover, radar apparatus exports to Italy exceeded the volume sent to the second major destination, Greece (X kg), fourfold. The United States (X kg) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy amounted to -18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+10.3% per year) and the United States (0.0% per year).

In value terms, Italy ($X) remains the key foreign market for radar apparatus exports from Bangladesh, comprising 85% of total exports. The second position in the ranking was held by Greece ($X), with a 2.7% share of total exports. It was followed by the United States, with a 1.4% share.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+0.2% per year) and the United States (0.0% per year).

Export Prices by Country

In 2021, the average radar apparatus export price amounted to $X per ton, with an increase of 16% against the previous year. Over the period under review, the export price posted a resilient expansion. The growth pace was the most rapid in 2017 an increase of 181% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+265.3%), while the prices for the other major destinations experienced mixed trend patterns.

Radar Apparatus Imports

Imports into Bangladesh

In 2021, approx. X tons of radar apparatus were imported into Bangladesh; increasing by 1,057% on the previous year's figure. Overall, imports recorded strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 5,267% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, radar apparatus imports skyrocketed to $X in 2021. Over the period under review, imports showed noticeable growth. The pace of growth appeared the most rapid in 2016 when imports increased by 2,917% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest radar apparatus supplier to Bangladesh, with a 66% share of total imports. Moreover, radar apparatus imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +56.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+71.8% per year) and Hong Kong SAR (+114.5% per year).

In value terms, Italy ($X) constituted the largest supplier of radar apparatus to Bangladesh, comprising 67% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by Hong Kong SAR, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+47.2% per year) and Hong Kong SAR (+92.4% per year).

Import Prices by Country

The average radar apparatus import price stood at $X per ton in 2021, surging by 12% against the previous year. Overall, the import price, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2017 an increase of 297% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Singapore ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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