Report Update Feb 1, 2025

Bangladesh - Winding Wire for Electrical Purposes - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Winding Wire Market 2025

Winding Wire Market Size in Bangladesh

The Bangladeshi winding wire market skyrocketed to $X in 2022, surging by 45% 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). Overall, consumption continues to indicate a strong expansion. Winding wire consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Winding Wire Exports

Exports from Bangladesh

In 2022, overseas shipments of winding wire for electrical purposes decreased by -15.6% to X kg, falling for the eighth consecutive year after three years of growth. Over the period under review, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 58%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, winding wire exports amounted to $X in 2022. In general, exports showed a dramatic curtailment. The growth pace was the most rapid in 2014 with an increase of 13% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for winding wire exports from Bangladesh, accounting for a approx. 98% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at -30.7%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for winding wire for electrical purposes exports from Bangladesh.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at -33.8%.

Export Prices by Country

In 2022, the average winding wire export price amounted to $X per ton, surging by 21% against the previous year. In general, the export price, however, continues to indicate a deep slump. The pace of growth appeared the most rapid in 2015 an increase of 37%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -4.5% per year.

Winding Wire Imports

Imports into Bangladesh

In 2022, the amount of winding wire for electrical purposes imported into Bangladesh expanded significantly to X tons, picking up by 15% compared with the previous year's figure. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 115%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, winding wire imports surged to $X in 2022. Over the period under review, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2017 when imports increased by 108%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), India (X tons) and Vietnam (X tons) were the main suppliers of winding wire imports to Bangladesh, with a combined 76% share of total imports. Italy, Canada, South Korea, Turkey, Taiwan (Chinese) and Thailand lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +70.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Vietnam ($X) and China ($X) were the largest winding wire suppliers to Bangladesh, with a combined 81% share of total imports. Italy, South Korea, Turkey, Taiwan (Chinese), Canada and Thailand lagged somewhat behind, together comprising a further 8.5%.

Italy, with a CAGR of +42.0%, 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

In 2022, the average winding wire import price amounted to $X per ton, picking up by 39% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, winding wire import price increased by +51.5% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for winding wire for electrical purposes in the world?

The countries with the highest volumes of in 2021 were China, the United States and Italy, together accounting for 43% of global consumption. These countries were followed by India, Japan, Indonesia, Germany, Brazil, South Korea, Mexico, Vietnam and Poland, which together accounted for a further 29%.

What are the largest producers of winding wire for electrical purposes in the world?

China constituted the country with the largest volume of winding wire production, accounting for 27% of total volume. Moreover, winding wire production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Italy, with a 9.1% share.

What are the leading suppliers of winding wire for electrical purposes to Bangladesh?

In value terms, China constituted the largest supplier of winding wire to Bangladesh, comprising 45% of total imports. The second position in the ranking was occupied by India, with a 21% share of total imports. It was followed by Vietnam, with a 21% share.

What are the leading importers of winding wire for electrical purposes from Bangladesh?

In value terms, India remains the key foreign market for winding wire exports from Bangladesh, comprising 79% of total exports. The second position in the ranking was occupied by Malaysia $413), with a 13% share of total exports.

What is the average export price for winding wire for electrical purposes in Bangladesh?

The average winding wire export price stood at $43,745 per ton in 2021, picking up by 137% against the previous year.

What is the average import price for winding wire for electrical purposes in Bangladesh?

The average winding wire import price stood at $11,249 per ton in 2021, increasing by 48% against the previous year.

This report provides an in-depth analysis of the winding wire market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27321100 - Winding wire for electrical purposes

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024