Bangladesh: Self-Propelled Bulldozer Market 2024

Self-Propelled Bulldozer Market Size in Bangladesh

The Bangladeshi self-propelled bulldozer market contracted to $X in 2021, with a decrease of -8.5% 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). In general, consumption, however, continues to indicate a relatively flat trend pattern. Self-propelled bulldozer consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Self-Propelled Bulldozer Exports

Exports from Bangladesh

In 2021, overseas shipments of self-propelled bulldozers and excavators decreased by -45.5% to X units, falling for the sixth consecutive year after four years of growth. Overall, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 200%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, self-propelled bulldozer exports shrank dramatically to $X in 2021. In general, exports, however, saw a temperate expansion. The pace of growth was the most pronounced in 2014 with an increase of 161%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark (X units) was the main destination for self-propelled bulldozer exports from Bangladesh, accounting for a 92% share of total exports. Moreover, self-propelled bulldozer exports to Denmark exceeded the volume sent to the second major destination, India (X units), more than tenfold.

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

In value terms, the largest markets for self-propelled bulldozer exported from Bangladesh were India ($X) and Denmark ($X).

Denmark, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average self-propelled bulldozer export price stood at $X per unit in 2021, picking up by 6.4% against the previous year. Over the period under review, the export price, however, recorded a noticeable decrease. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Denmark totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+15.1%).

Self-Propelled Bulldozer Imports

Imports into Bangladesh

In 2021, supplies from abroad of self-propelled bulldozers and excavators decreased by -23.6% to X units, falling for the second year in a row after two years of growth. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 792% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, self-propelled bulldozer imports soared to $X in 2021. Over the period under review, imports, however, saw a modest increase. The most prominent rate of growth was recorded in 2016 when imports increased by 763% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X units), Taiwan (Chinese) (X units) and China (X units) were the main suppliers of self-propelled bulldozer imports to Bangladesh, with a combined 52% share of total imports. These countries were followed by Singapore, Thailand, the UK, Vietnam, Ireland, the Netherlands, the United States, Malaysia, Indonesia and Italy, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +166.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled bulldozer suppliers to Bangladesh were Taiwan (Chinese) ($X), Singapore ($X) and India ($X), with a combined 57% share of total imports. China, Vietnam, the UK, the United States, Ireland, Thailand, the Netherlands, Italy, Malaysia and Indonesia lagged somewhat behind, together accounting for a further 31%.

In terms of the main suppliers, Vietnam, with a CAGR of +59.5%, saw 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

In 2021, the average self-propelled bulldozer import price amounted to $X per unit, jumping by 74% against the previous year. In general, the import price recorded a tangible expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 182% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained 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 Singapore ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+18.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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