Bangladesh: Screwdriver Market 2025

Screwdriver Market Size in Bangladesh

In 2021, the Bangladeshi screwdriver market increased by 31% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption enjoyed a prominent expansion. Screwdriver consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Screwdriver Exports

Exports from Bangladesh

After six years of growth, shipments abroad of screwdrivers decreased by -75.4% to X kg in 2021. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 345% against the previous year. The exports peaked at X kg in 2020, and then contracted sharply in the following year.

In value terms, screwdriver exports shrank sharply to $X in 2021. Overall, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 185% against the previous year. The exports peaked at $X in 2020, and then reduced notably in the following year.

Exports by Country

Costa Rica (X kg), Ukraine (X kg) and Germany (X kg) were the main destinations of screwdriver exports from Bangladesh, with a combined 86% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +53.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for screwdriver exported from Bangladesh were Ukraine ($X), Germany ($X) and Costa Rica ($X), with a combined 80% share of total exports.

Ukraine, with a CAGR of +87.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average screwdriver export price stood at $X per ton in 2021, waning by -29.1% against the previous year. Overall, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2013 when the average export price increased by 53%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Costa Rica ($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 Maldives (+35.4%), while the prices for the other major destinations experienced more modest paces of growth.

Screwdriver Imports

Imports into Bangladesh

In 2021, overseas purchases of screwdrivers were finally on the rise to reach X tons after two years of decline. In general, total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 111% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, screwdriver imports surged to $X in 2021. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 75% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of screwdriver to Bangladesh, accounting for a 96% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a 2.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +5.3%.

In value terms, China ($X) constituted the largest supplier of screwdrivers to Bangladesh, comprising 89% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +14.3%.

Import Prices by Country

The average screwdriver import price stood at $X per ton in 2021, picking up by 20% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average import price increased by 57% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :