Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Bangladesh - 2022
Contents:
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Bangladesh (CIF) - 2022
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Bangladesh (FOB) - 2022
- Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Bangladesh
- Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Bangladesh
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Bangladesh (CIF) - 2022
In 2022, the average import price for furnaces and ovens; industrial or laboratory induction or dielectrics amounted to $11,932 per unit, reducing by -56.9% against the previous year. Overall, the import price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 97% against the previous year. As a result, import price reached the peak level of $27,694 per unit, and then dropped rapidly 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 Germany ($29,583 per unit), while the price for Taiwan (Chinese) ($1,208 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Bangladesh (FOB) - 2022
In 2022, the average export price for furnaces and ovens; industrial or laboratory induction or dielectrics amounted to $858 per unit, dropping by -16.2% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2014 when the average export price decreased by -5%. Over the period under review, the average export prices attained the peak figure at $6,558 per unit 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 India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -18.4% per year.
Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Bangladesh
After two years of decline, supplies from abroad of furnaces and ovens; industrial or laboratory induction or dielectrics increased by 616% to 1K units in 2022. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics soared to $12M in 2022. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.5 | 2.3 | 1.3 | 11.1 | 35.1% |
| Turkey | N/A | N/A | N/A | 0.9 | 0% |
| China | 0.2 | 0.3 | 0.5 | 0.2 | 0.0% |
| South Korea | N/A | N/A | N/A | N/A | 0% |
| Others | 1.0 | 0.1 | 1.0 | 0.3 | -33.1% |
| Total | 5.7 | 2.7 | 2.8 | 12.5 | 29.9% |
Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to Bangladesh in 2022:
- India (531.0 units)
- Turkey (458.0 units)
- South Korea (17.0 units)
- China (17.0 units)
Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Bangladesh
After three years of growth, overseas shipments of furnaces and ovens; industrial or laboratory induction or dielectrics decreased by 0% to 6 units in 2022. The total export volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 20%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, exports of furnaces and ovens; industrial or laboratory induction or dielectrics dropped significantly to $5.1K in 2022. Overall, exports showed a drastic downturn. Over the period under review, the exports of hit record highs at $8.7K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 8.7 | 7.3 | 6.1 | 5.1 | -16.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.7 | 7.3 | 6.1 | 5.1 | -16.3% |
Top Export Markets for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric from Bangladesh in 2022:
- India (6.0 units)
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