Bangladesh: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in Bangladesh

The Bangladeshi cranks and crankshafts market fell to $X in 2022, declining by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a prominent increase. Over the period under review, the market reached the peak level at $X in 2021, and then contracted modestly in the following year.

Cranks And Crankshafts Exports

Exports from Bangladesh

In 2022, cranks and crankshafts exports from Bangladesh reduced sharply to X tons, which is down by X% compared with the previous year. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, cranks and crankshafts exports declined to $X in 2022. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for cranks and crankshafts exports from Bangladesh, accounting for a X% share of total exports. Moreover, cranks and crankshafts exports to Malaysia exceeded the volume sent to the second major destination, Finland (X tons), fourfold. Nigeria (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Nigeria (X% per year).

In value terms, Malaysia ($X) remains the key foreign market for cranks and crankshafts exports from Bangladesh, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average cranks and crankshafts export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced a decline.

Cranks And Crankshafts Imports

Imports into Bangladesh

Cranks and crankshafts imports into Bangladesh surged to X tons in 2022, rising by X% on the previous year. In general, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, cranks and crankshafts imports declined rapidly to $X in 2022. Overall, imports continue to indicate a pronounced increase. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of cranks and crankshafts to Bangladesh, accounting for a X% share of total imports. Moreover, cranks and crankshafts imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. Singapore (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Singapore (X% per year).

In value terms, China ($X), India ($X) and Finland ($X) were the largest cranks and crankshafts suppliers to Bangladesh, together comprising X% of total imports. Singapore and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Hong Kong SAR, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cranks and crankshafts import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 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 Finland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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