Bangladesh: Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems 2024

Market Size for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Bangladesh

The Bangladeshi market for window or wall air conditioning systems, self-contained or split-systems shrank significantly to $X in 2022, waning by -24% 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, however, enjoyed buoyant growth. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports from Bangladesh

In 2022, exports of window or wall air conditioning systems, self-contained or split-systems from Bangladesh totaled X units, approximately equating the previous year's figure. In general, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of 611% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems stood at $X in 2022. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 535% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

India (X units) was the main destination for exports of window or wall air conditioning systems, self-contained or split-systems from Bangladesh, with a 86% share of total exports. Moreover, exports of window or wall air conditioning systems, self-contained or split-systems to India exceeded the volume sent to the second major destination, Denmark (X units), more than tenfold. The third position in this ranking was taken by Turkey (X units), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume to India totaled -6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (0.0% per year) and Turkey (0.0% per year).

In value terms, India ($X) remains the key foreign market for window or wall air conditioning systems, self-contained or split-systems exports from Bangladesh, comprising 92% of total exports. The second position in the ranking was held by Turkey ($X), with a 1% share of total exports. It was followed by China, with a 0.5% share.

From 2012 to 2022, the average annual growth rate of value to India totaled -13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and China (-66.5% per year).

Export Prices by Country

The average export price for window or wall air conditioning systems, self-contained or split-systems stood at $X per unit in 2022, picking up by 3.6% against the previous year. In general, the export price, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 62% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Denmark ($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 Tanzania (+22.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Imports into Bangladesh

In 2022, approx. X units of window or wall air conditioning systems, self-contained or split-systems were imported into Bangladesh; shrinking by -24.3% on the previous year's figure. In general, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 95%. As a result, imports attained the peak of X units, and then shrank sharply in the following year.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems shrank markedly to $X in 2022. Overall, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 91%. As a result, imports reached the peak of $X, and then fell notably in the following year.

Imports by Country

China (X units), Singapore (X units) and India (X units) were the main suppliers of imports of window or wall air conditioning systems, self-contained or split-systems to Bangladesh, with a combined 70% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +31.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Singapore ($X) and South Korea ($X) were the largest window, wall, or split air conditioning system suppliers to Bangladesh, with a combined 69% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +14.4%, saw the highest rates of growth with regard to the value of imports, 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 import price for window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, flattening at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 8.8% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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