Price for Machinery; Parts of the Machinery of Heading No. 8425 in Bangladesh - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Bangladesh (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Bangladesh (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Bangladesh
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Bangladesh
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Bangladesh (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $8,922 per ton, rising by 3.6% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for machinery; parts of the machinery of heading no. 8425 decreased by -6.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 59% against the previous year. As a result, import price reached the peak level of $9,530 per ton. 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 Malaysia ($72,632 per ton), while the price for China ($3,642 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+41.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Bangladesh (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $6,107 per ton, waning by -31.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 281%. Over the period under review, the average export prices hit record highs at $29,043 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($6,159 per ton), while the average price for exports to Germany stood at $1,659 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-4.6%).
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Bangladesh
In 2022, imports of machinery; parts of the machinery of heading no. 8425 into Bangladesh surged to 149 tons, picking up by 132% compared with the previous year. In general, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 surged to $1.3M in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 244 | 276 | 83.9 | 277 | 4.3% |
| Malaysia | 6.6 | 15.5 | 53.1 | 239 | 230.8% |
| Italy | 17.0 | 20.0 | 92.7 | 211 | 131.5% |
| India | 126 | 50.7 | 71.4 | 173 | 11.1% |
| Spain | 6.9 | 518 | 21.7 | 153 | 180.9% |
| Hong Kong SAR | 72.7 | 81.7 | 59.5 | 79.2 | 2.9% |
| Thailand | 64.2 | 119 | 40.2 | 49.3 | -8.4% |
| Others | 205 | 123 | 131 | 151 | -9.7% |
| Total | 743 | 1,204 | 553 | 1,333 | 21.5% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Bangladesh in 2022:
- China (76.0 tons)
- Italy (23.7 tons)
- India (23.1 tons)
- Thailand (10.7 tons)
- Hong Kong SAR (6.5 tons)
- Malaysia (3.3 tons)
- Spain (2.4 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Bangladesh
In 2022, approx. 15 tons of machinery; parts of the machinery of heading no. 8425 were exported from Bangladesh; growing by 54% compared with 2021. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 259% against the previous year. As a result, the exports reached the peak of 31 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 expanded significantly to $91K in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 50%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5.3 | 9.4 | 82.4 | 90.3 | 157.3% |
| Germany | 0.4 | 0.3 | 1.2 | 0.3 | -9.1% |
| Greece | 14.8 | N/A | N/A | N/A | 0% |
| Malaysia | N/A | 69.9 | N/A | N/A | 0% |
| Singapore | 32.9 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.2 | 1.6 | N/A | 700.0% |
| Total | 53.3 | 79.8 | 85.2 | 90.6 | 19.3% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Bangladesh in 2022:
- India (14.7 tons)
- Germany (0.2 tons)
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