Bangladesh: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2024

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in Bangladesh

In 2021, the Bangladeshi transporter and bridge cranes market decreased by -25.7% to $X, falling for the second year in a row after five years of growth. In general, consumption recorded a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports from Bangladesh

In 2021, shipments abroad of transporter cranes, gantry cranes and bridge cranes decreased by -68.2% to X units for the first time since 2011, thus ending a nine-year rising trend. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 264%. As a result, the exports attained the peak of X units, and then fell rapidly in the following year.

In value terms, transporter and bridge cranes exports shrank dramatically to $X in 2021. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 342%. As a result, the exports attained the peak of $X, and then declined sharply in the following year.

Exports by Country

India (X units) was the main destination for transporter and bridge cranes exports from Bangladesh, accounting for a 70% share of total exports. Moreover, transporter and bridge cranes exports to India exceeded the volume sent to the second major destination, Singapore (X units), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to India stood at +93.9%.

In value terms, the largest markets for transporter and bridge cranes exported from Bangladesh were India ($X) and Singapore ($X).

India, with a CAGR of +94.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average transporter and bridge cranes export price amounted to $X per unit, with a decrease of -17.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2020 an increase of 22%. As a result, the export price reached the peak level of $X per unit, and then contracted significantly in the following year.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to India stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+4.6%).

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports into Bangladesh

In 2021, overseas purchases of transporter cranes, gantry cranes and bridge cranes decreased by -18.5% to X units, falling for the second consecutive year after five years of growth. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 190% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, transporter and bridge cranes imports dropped markedly to $X in 2021. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 257%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of transporter and bridge cranes to Bangladesh, accounting for a 62% share of total imports. Moreover, transporter and bridge cranes imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fivefold. Singapore (X units) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +28.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+20.3% per year) and Singapore (-9.9% per year).

In value terms, China ($X) constituted the largest supplier of transporter cranes, gantry cranes and bridge cranes to Bangladesh, comprising 50% of total imports. The second position in the ranking was taken by Singapore ($X), with a 12% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-11.7% per year) and India (-12.2% per year).

Import Prices by Country

In 2021, the average transporter and bridge cranes import price amounted to $X per unit, with a decrease of -18.2% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the average import price increased by 23% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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 ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+13.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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