Bangladesh: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Bangladesh

The Bangladeshi market for pneumatic or hydraulic hand tools expanded significantly to $X in 2021, surging by 5.1% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Pneumatic Or Hydraulic Hand Tools in Bangladesh

In value terms, pneumatic or hydraulic hand tool production expanded modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 64% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Bangladesh

In 2021, approx. X tons of pneumatic or hydraulic hand tools were exported from Bangladesh; with a decrease of -24% compared with the previous year. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 259% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports declined to $X in 2021. Over the period under review, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 269% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for pneumatic or hydraulic hand tool exports from Bangladesh, with a 95% share of total exports. It was followed by Germany (X kg), with a 2.8% share of total exports. The third position in this ranking was taken by Singapore (X kg), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to +33.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-4.8% per year) and Singapore (-19.7% per year).

In value terms, India ($X) remains the key foreign market for pneumatic or hydraulic hand tools exports from Bangladesh, comprising 80% of total exports. The second position in the ranking was held by Germany ($X), with a 19% share of total exports. It was followed by Singapore, with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India amounted to +35.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+12.4% per year) and Singapore (-23.9% per year).

Export Prices by Country

In 2021, the average export price for pneumatic or hydraulic hand tools amounted to $X per ton, growing by 15% against the previous year. Over the period under review, the export price, however, showed a perceptible downturn. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Poland ($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 Germany (+18.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Bangladesh

In 2021, imports of pneumatic or hydraulic hand tools into Bangladesh skyrocketed to X tons, growing by 49% compared with the previous year. Over the period under review, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by 521% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, pneumatic or hydraulic hand tool imports surged to $X in 2021. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 382% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pneumatic or hydraulic hand tool to Bangladesh, with a 71% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), ninefold. The third position in this ranking was taken by India (X tons), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +51.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+27.7% per year) and India (+34.4% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Bangladesh, comprising 31% of total imports. The second position in the ranking was taken by India ($X), with a 13% share of total imports. It was followed by the Netherlands, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+24.2% per year) and the Netherlands (+264.6% per year).

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, picking up by 57% against the previous year. Overall, the import price, however, showed a perceptible setback. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+356.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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