Bangladesh - Boring Or Sinking Machinery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBoring Machinery Price in Bangladesh - 2022
Contents:
- Boring Machinery Price in Bangladesh (CIF) - 2022
- Boring Machinery Price in Bangladesh (FOB) - 2022
- Boring Machinery Imports in Bangladesh
- Boring Machinery Exports in Bangladesh
Boring Machinery Price in Bangladesh (CIF) - 2022
In 2022, the average boring machinery import price amounted to $6,938 per unit, which is down by -7.3% against the previous year. In general, the import price showed a slight reduction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 46%. Over the period under review, average import prices hit record highs at $19,792 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($185,231 per unit), while the price for Singapore ($14,211 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Boring Machinery Price in Bangladesh (FOB) - 2022
The average boring machinery export price stood at $6,099 per unit in 2022, approximately equating the previous year. Overall, the export price faced a drastic downturn. The growth pace was the most rapid in 2016 when the average export price increased by 114% against the previous year. Over the period under review, the average export prices attained the peak figure at $30,414 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($106,365 per unit), while the average price for exports to India amounted to $21,403 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+84.2%).
Boring Machinery Imports in Bangladesh
In 2022, overseas purchases of boring or sinking machinery were finally on the rise to reach 470 units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a dramatic slump. Over the period under review, imports reached the peak figure at 1.8K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, boring machinery imports soared to $3.3M in 2022. Over the period under review, imports, however, recorded a precipitous slump. Imports peaked at $11M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Boring Machinery in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 3.9 | 8.4 | 7.2 | 9.2 | 33.1% |
| Germany | 5.8 | 10.8 | 7.9 | 8.7 | 14.5% |
| Italy | 10.7 | 3.2 | 0.1 | 7.1 | -12.8% |
| Malaysia | 1.8 | 2.1 | 0.6 | 1.9 | 1.8% |
| China | 0.3 | 1.1 | 1.1 | 1.5 | 71.0% |
| India | 2.6 | 0.9 | 6.9 | 1.0 | -27.3% |
| United States | 0.5 | 1.1 | 0.8 | 1.0 | 26.0% |
| Japan | 1.1 | 1.0 | 8.3 | 1.0 | -3.1% |
| Netherlands | 0.7 | 0.9 | 0.4 | 0.8 | 4.6% |
| Singapore | 0.3 | 0.6 | 0.3 | 0.2 | -12.6% |
| Others | -16.8 | -25.5 | -31.7 | -29.0 | 20.0% |
| Total | 10.9 | 4.6 | 1.9 | 3.3 | -32.9% |
Top Suppliers of Boring Machinery to Bangladesh in 2022:
- Indonesia (118.0 units)
- Germany (111.0 units)
- Italy (92.0 units)
- China (34.0 units)
- Japan (15.0 units)
- Netherlands (13.0 units)
- Singapore (13.0 units)
- United States (12.0 units)
- Malaysia (10.0 units)
- India (8.0 units)
Boring Machinery Exports in Bangladesh
In 2022, overseas shipments of boring or sinking machinery decreased by -24% to 320 units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 1,188%. The exports peaked at 421 units in 2021, and then declined sharply in the following year.
In value terms, boring machinery exports declined dramatically to $2M in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 1,286%. Over the period under review, the exports hit record highs at $2.6M in 2021, and then fell dramatically in the following year.
| Export of Boring Machinery in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 7.0 | 26.1 | 66.7 | 107 | 148.2% |
| Singapore | 89.3 | 134 | 200 | 106 | 5.9% |
| Others | N/A | 1,173 | 2,304 | 1,738 | 21.7% |
| Total | 96.2 | 1,333 | 2,570 | 1,952 | 172.8% |
Top Export Markets for Boring Machinery from Bangladesh in 2022:
- India (5.0 units)
- Singapore (1.0 units)
This report provides an in-depth analysis of the boring machinery 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 28921255 - Boring or sinking machinery (including fixed platforms used for oil or natural gas exploration) (excluding self-propelled)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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