Bangladesh: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Bangladesh

In 2022, the Bangladeshi telephone apparatus market increased by 18% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +36.8% against 2020 indices. Telephone apparatus consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Telephone Apparatus Exports

Exports from Bangladesh

In 2022, approx. X tons of telephone apparatus were exported from Bangladesh; waning by -4.6% on the previous year's figure. In general, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 186%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, telephone apparatus exports declined to $X in 2022. Over the period under review, exports, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 157%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for telephone apparatus exports from Bangladesh, with a 195% share of total exports. Moreover, telephone apparatus exports to Hong Kong SAR exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to +19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-5.5% per year) and Malaysia (-24.4% per year).

In value terms, the largest markets for telephone apparatus exported from Bangladesh were Hong Kong SAR ($X), the Netherlands ($X) and Malaysia ($X), with a combined 67% share of total exports.

Hong Kong SAR, with a CAGR of +11.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average telephone apparatus export price amounted to $X per ton, which is down by -5.2% against the previous year. Overall, the export price, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 an increase of 156%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

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 Malaysia ($X per ton), while the average price for exports to Hong Kong SAR ($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 the Netherlands (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Telephone Apparatus Imports

Imports into Bangladesh

In 2022, overseas purchases of telephone apparatus increased by 54% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports showed a notable expansion. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, telephone apparatus imports contracted to $X in 2022. Overall, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 62%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

China (X tons), Hong Kong SAR (X tons) and Singapore (X tons) were the main suppliers of telephone apparatus imports to Bangladesh, together comprising 64% of total imports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +24.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hong Kong SAR ($X) and India ($X) were the largest telephone apparatus suppliers to Bangladesh, with a combined 93% share of total imports.

In terms of the main suppliers, India, with a CAGR of +49.9%, recorded 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 telephone apparatus import price amounted to $X per ton, surging by 111% against the previous year. In general, the import price posted a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+21.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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