Report Update Nov 1, 2024

Bangladesh - Safety Seat Belts - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Safety Seat Belt Market 2024

Safety Seat Belt Market Size in Bangladesh

In 2022, after three years of decline, there was significant growth in the Bangladeshi safety seat belt market, when its value increased by 32% to $X. In general, consumption posted a resilient increase. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Safety Seat Belt Exports

Exports from Bangladesh

For the fifth consecutive year, Bangladesh recorded decline in shipments abroad of safety seat belts, which decreased by 0% to X units in 2022. Overall, exports showed a drastic downturn. The growth pace was the most rapid in 2017 when exports increased by 1,525%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, safety seat belt exports expanded sharply to $X in 2022. Over the period under review, exports saw a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of 1,810%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X units) was the main destination for safety seat belt exports from Bangladesh, with a approx. 100% share of total exports.

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

In value terms, Spain ($X) also remains the key foreign market for safety seat belts exports from Bangladesh.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to +12.8%.

Export Prices by Country

The average safety seat belt export price stood at $X per unit in 2022, surging by 13% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 60% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +12.8% per year.

Safety Seat Belt Imports

Imports into Bangladesh

After three years of decline, overseas purchases of safety seat belts increased by 36% to X units in 2022. In general, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 674%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, safety seat belt imports rose sharply to $X in 2022. Overall, imports showed a slight expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 477% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia (X units), Hong Kong SAR (X units) and Thailand (X units) were the main suppliers of safety seat belt imports to Bangladesh, with a combined 51% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +42.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of safety seat belts to Bangladesh, comprising 26% of total imports. The second position in the ranking was held by Indonesia ($X), with a 13% share of total imports. It was followed by the UK, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+4.2% per year) and the UK (+11.0% per year).

Import Prices by Country

In 2022, the average safety seat belt import price amounted to $X per unit, waning by -16.2% against the previous year. In general, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2015 an increase of 205%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 India ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for safety seat belts in the world?

The United States remains the largest safety seat belt consuming country worldwide, accounting for 70% of total volume. Moreover, safety seat belt consumption in the United States exceeded the figures recorded by the second-largest consumer, Romania, eightfold. The third position in this ranking was occupied by Mexico, with a 4.9% share.

What are the largest producers of safety seat belts in the world?

The United States remains the largest safety seat belt producing country worldwide, accounting for 67% of total volume. Moreover, safety seat belt production in the United States exceeded the figures recorded by the second-largest producer, Romania, fivefold. The third position in this ranking was occupied by Mexico, with a 6.4% share.

What are the leading suppliers of safety seat belts to Bangladesh?

In value terms, Thailand, the United States and China were the largest safety seat belt suppliers to Bangladesh, together accounting for 76% of total imports. These countries were followed by Indonesia, South Korea, the UK and Hong Kong SAR, which together accounted for a further 17%.

What is the average export price for safety seat belts in Bangladesh?

In 2021, the average safety seat belt export price amounted to $21,036 per ton, almost unchanged from the previous year.

What is the average import price for safety seat belts in Bangladesh?

The average safety seat belt import price stood at $7,800 per ton in 2021, approximately equating the previous year.

This report provides an in-depth analysis of the safety seat belt market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29322030 - Safety seat belts

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023