Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Bangladesh - 2022
Contents:
- Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Bangladesh (CIF) - 2022
- Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Bangladesh
Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Bangladesh (CIF) - 2022
The average import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $5,202 per unit in 2022, approximately reflecting the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 weighing machines; having a maximum weighing capacity exceeding 5000kgs increased by +45.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 59% against the previous year. The import price peaked at $6,096 per unit in 2014; however, from 2015 to 2022, 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 ($10,695 per unit), while the price for Japan ($1,251 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Bangladesh
Imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs into Bangladesh was estimated at 537 units in 2022, with an increase of 7.2% against the previous year's figure. Overall, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 12%. Imports peaked at 866 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs expanded sharply to $2.8M in 2022. Over the period under review, imports, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2021 when imports increased by 47% against the previous year. Over the period under review, imports of reached the peak figure at $3.1M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,407 | 656 | 668 | 1,266 | -3.5% |
| South Korea | 20.0 | 11.3 | 274 | 599 | 210.6% |
| India | 1,318 | 877 | 1,450 | 590 | -23.5% |
| Singapore | 25.5 | 17.7 | N/A | 78.9 | 45.7% |
| Japan | 2.5 | 2.6 | 1.9 | 15.0 | 81.7% |
| France | 96.0 | 47.4 | 17.4 | 3.9 | -65.6% |
| Others | 218 | 137 | 156 | 241 | 3.4% |
| Total | 3,087 | 1,749 | 2,568 | 2,793 | -3.3% |
Top Suppliers of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg to Bangladesh in 2022:
- India (269.0 units)
- China (121.0 units)
- South Korea (56.0 units)
- Singapore (39.0 units)
- Japan (12.0 units)
- France (2.0 units)
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