Price for Tractors; (Other than Tractors of Heading No 8709) in Bangladesh - 2022
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Bangladesh (CIF) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in Bangladesh (FOB) - 2022
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Bangladesh
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Bangladesh
Price for Tractors; (Other than Tractors of Heading No 8709) in Bangladesh (CIF) - 2022
In 2022, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $50,473 per unit, surging by 6.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2021 an increase of 20% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($109,115 per unit), while the price for China totaled $24,925 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tractors; (Other than Tractors of Heading No 8709) in Bangladesh (FOB) - 2022
In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $17,970 per unit, picking up by 46% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 an increase of 68% against the previous year. The export price peaked at $43,153 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sudan ($27,284 per unit), while the average price for exports to India ($5,130 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 Sudan (-10.6%).
Imports of Tractors; (Other than Tractors of Heading No 8709) in Bangladesh
In 2022, the amount of tractors; (other than tractors of heading no 8709)s imported into Bangladesh declined dramatically to 2.4K units, which is down by -17.3% against the year before. Over the period under review, imports faced a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Imports peaked at 3.2K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of tractors; (other than tractors of heading no 8709)s shrank to $119M in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 40% against the previous year. As a result, imports attained the peak of $135M, and then dropped in the following year.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 73.9 | 50.8 | 86.0 | 71.4 | -1.1% |
| China | 43.3 | 40.0 | 41.7 | 42.1 | -0.9% |
| Others | 4.7 | 5.8 | 7.2 | 5.8 | 7.3% |
| Total | 122 | 96.5 | 135 | 119 | -0.8% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Bangladesh in 2022:
- China (1689.0 units)
- India (654.0 units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in Bangladesh
In 2022, the amount of tractors; (other than tractors of heading no 8709)s exported from Bangladesh dropped notably to 3 units, waning by -25% on the previous year. Over the period under review, exports showed a dramatic decrease. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. Over the period under review, the exports of reached the maximum at 6 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of tractors; (other than tractors of heading no 8709)s expanded notably to $54K in 2022. Overall, exports continue to indicate a deep setback. The exports peaked at $92K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sudan | 60.4 | 29.5 | 23.8 | 27.3 | -23.3% |
| Niger | N/A | N/A | N/A | 21.5 | 0% |
| India | 31.7 | 6.8 | 4.9 | 5.1 | -45.6% |
| United States | N/A | 41.3 | N/A | N/A | 0% |
| Singapore | N/A | N/A | 18.4 | N/A | 0% |
| Ghana | N/A | N/A | 2.2 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 92.1 | 77.5 | 49.3 | 53.9 | -16.4% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Bangladesh in 2022:
- Sudan (1.0 units)
- Niger (1.0 units)
- India (1.0 units)
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