Bangladesh: Market for Turbo-Propellers Of A Power Exceeding 1,100 kW 2024

Market Size for Turbo-Propellers Of A Power Exceeding 1,100 kW in Bangladesh

The Bangladeshi turbo-propeller (over X kW) market declined slightly to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Turbo-Propellers Of A Power Exceeding X kW in Bangladesh

In value terms, turbo-propeller (over X kW) production fell to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Turbo-Propellers Of A Power Exceeding 1,100 kW

Exports from Bangladesh

In 2022, the amount of turbo-propellers of a power exceeding X kW exported from Bangladesh skyrocketed to X units, picking up by X% on 2021 figures. In general, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, turbo-propeller (over X kW) exports fell modestly to $X in 2022. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X units) and Singapore (X units) were the main destinations of turbo-propeller (over X kW) exports from Bangladesh.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%).

In value terms, Singapore ($X) emerged as the key foreign market for turbo-propellers of a power exceeding X kW exports from Bangladesh, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Singapore stood at X%.

Export Prices by Country

The average turbo-propeller (over X kW) export price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the export price, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Sweden amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%).

Imports of Turbo-Propellers Of A Power Exceeding 1,100 kW

Imports into Bangladesh

In 2022, approx. X units of turbo-propellers of a power exceeding X kW were imported into Bangladesh; with a decrease of X% compared with 2021 figures. Over the period under review, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then contracted rapidly in the following year.

In value terms, turbo-propeller (over X kW) imports fell markedly to $X in 2022. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2022, Singapore (X units) constituted the largest turbo-propeller (over X kW) supplier to Bangladesh, with a X% share of total imports. Moreover, turbo-propeller (over X kW) imports from Singapore exceeded the figures recorded by the second-largest supplier, Ukraine (X units), threefold. The United Arab Emirates (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and the United Arab Emirates (X% per year).

In value terms, Singapore ($X), Ukraine ($X) and Canada ($X) constituted the largest turbo-propeller (over X kW) suppliers to Bangladesh, with a combined X% share of total imports.

Singapore, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average turbo-propeller (over X kW) import price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the import price, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X,460 per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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