Bangladesh: Remote Control Apparatus Market 2025

Remote Control Apparatus Market Size in Bangladesh

In 2021, after two years of growth, there was significant decline in the Bangladeshi remote control apparatus market, when its value decreased by -14% to $X. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +36.4% against 2018 indices. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Remote Control Apparatus Production in Bangladesh

In value terms, remote control apparatus production declined to $X in 2021 estimated in export price. In general, the total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +37.5% against 2018 indices. The pace of growth appeared the most rapid in 2020 with an increase of 38% against the previous year. As a result, production reached the peak level of $X, and then fell in the following year.

Remote Control Apparatus Exports

Exports from Bangladesh

After two years of decline, overseas shipments of radio remote control apparatus decreased by less than 0.1% to X tons in 2021. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 21% against the previous year. The exports peaked at X tons in 2020, and then contracted modestly in the following year.

In value terms, remote control apparatus exports dropped slightly to $X in 2021. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 27%. The exports peaked at $X in 2020, and then dropped slightly in the following year.

Exports by Country

Austria (X tons) was the main destination for remote control apparatus exports from Bangladesh, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Austria was relatively modest.

In value terms, Austria ($X) emerged as the key foreign market for radio remote control apparatus exports from Bangladesh.

From 2012 to 2021, the average annual growth rate of value to Austria was relatively modest.

Export Prices by Country

The average remote control apparatus export price stood at $X per ton in 2021, approximately equating the previous year. In general, the export price posted a moderate expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 4.7%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the rate of growth in terms of prices for Tanzania amounted to +3.7% per year.

Remote Control Apparatus Imports

Imports into Bangladesh

In 2021, remote control apparatus imports into Bangladesh dropped sharply to X tons, falling by -65.1% against the previous year's figure. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 604% against the previous year. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, remote control apparatus imports declined dramatically to $X in 2021. In general, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 when imports increased by 303% against the previous year. As a result, imports reached the peak of $X, and then contracted sharply in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of remote control apparatus to Bangladesh, accounting for a 66% share of total imports. Moreover, remote control apparatus imports from China exceeded the figures recorded by the second-largest supplier, Japan (X kg), more than tenfold. The United Arab Emirates (X kg) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +33.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+60.3% per year) and the United Arab Emirates (+66.7% per year).

In value terms, China ($X), Germany ($X) and Singapore ($X) constituted the largest remote control apparatus suppliers to Bangladesh, together accounting for 54% of total imports. Hong Kong SAR, the United Arab Emirates, Japan, Taiwan (Chinese) and Finland lagged somewhat behind, together comprising a further 8.9%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +155.9%, saw the highest rates of growth with regard to 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 2021, the average remote control apparatus import price amounted to $X per ton, rising by 36% against the previous year. Over the period under review, the import price continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 125% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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