Bangladesh: Vacuum Pump Market 2025

Vacuum Pump Market Size in Bangladesh

The Bangladeshi vacuum pump market dropped sharply to $X in 2022, falling by -21.4% 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). Over the period under review, consumption showed a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Vacuum Pump Exports

Exports from Bangladesh

In 2022, overseas shipments of vacuum pumps decreased by -8% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a strong increase. The growth pace was the most rapid in 2019 with an increase of 560%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, vacuum pump exports shrank markedly to $X in 2022. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2019 with an increase of 716% against the previous year. The exports peaked at $X in 2021, and then dropped markedly in the following year.

Exports by Country

The United States (X units) was the main destination for vacuum pump exports from Bangladesh, accounting for a 84% share of total exports. Moreover, vacuum pump exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+37.4% per year) and India (+7.2% per year).

In value terms, the United States ($X) remains the key foreign market for vacuum pumps exports from Bangladesh, comprising 93% of total exports. The second position in the ranking was taken by India ($X), with a 6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+36.5% per year) and the Netherlands (+110.0% per year).

Export Prices by Country

The average vacuum pump export price stood at $X per unit in 2022, with a decrease of -14.6% against the previous year. In general, the export price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 221% against the previous year. The export price peaked at $X per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+1,060.7%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Pump Imports

Imports into Bangladesh

In 2022, imports of vacuum pumps into Bangladesh contracted notably to X units, shrinking by -43.8% against the year before. Overall, imports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 142%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, vacuum pump imports declined to $X in 2022. Over the period under review, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 103%. Over the period under review, imports reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

India (X units), South Korea (X units) and China (X units) were the main suppliers of vacuum pump imports to Bangladesh, together accounting for 66% of total imports. The UK, Japan, Russia, Germany, Taiwan (Chinese) and Singapore lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +79.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vacuum pump suppliers to Bangladesh were China ($X), Russia ($X) and India ($X), with a combined 60% share of total imports.

Russia, with a CAGR of +122.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vacuum pump import price amounted to $X per unit, growing by 75% against the previous year. In general, the import price recorded a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 159% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average 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 Russia ($X per unit), while the price for South Korea ($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 (+49.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :