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Latest Report Update: Sep 29, 2022

Bangladesh - Domestic Appliances - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Domestic Appliances Market 2022

Domestic Appliances Market Size in Bangladesh

In 2021, the Bangladeshi domestic appliances market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Domestic Appliances Production in Bangladesh

In value terms, domestic appliances production rose sharply to $X in 2021 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. Domestic appliances production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Domestic Appliances Exports

Exports from Bangladesh

In 2021, the amount of domestic appliances exported from Bangladesh dropped to X units, which is down by -X% compared with the previous year. In general, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2020, and then declined in the following year.

In value terms, domestic appliances exports amounted to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units), India (X units) and Luxembourg (X units) were the main destinations of domestic appliances exports from Bangladesh, with a combined X% share of total exports. These countries were followed by Fiji, Australia and Germany, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Fiji (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for domestic appliances exported from Bangladesh were India ($X), the UK ($X) and Germany ($X), with a combined X% share of total exports. Luxembourg, Australia and Fiji lagged somewhat behind, together comprising a further X, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average domestic appliances export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Domestic Appliances Imports

Imports into Bangladesh

In 2021, after two years of decline, there was growth in purchases abroad of domestic appliances, when their volume increased by X% to X units. Overall, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, domestic appliances imports expanded slightly to $X in 2021. In general, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of domestic appliances to Bangladesh, with a X% share of total imports. Moreover, domestic appliances imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. The third position in this ranking was held by Thailand (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms 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 Thailand (-X% per year).

In value terms, China ($X) constituted the largest supplier of domestic appliances to Bangladesh, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Thailand (+X% per year).

Import Prices by Country

In 2021, the average domestic appliances import price amounted to $X per unit, remaining relatively unchanged against the previous year. Overall, the import price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Pakistan ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for domestic appliances in the world?

The country with the largest volume of domestic appliances consumption was China, accounting for 26% of total volume. Moreover, domestic appliances consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. India ranked third in terms of total consumption with a 6.5% share.

What are the largest producers of domestic appliances in the world?

The country with the largest volume of domestic appliances production was China, comprising approx. 41% of total volume. Moreover, domestic appliances production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. The third position in this ranking was held by India, with a 6.4% share.

What are the leading suppliers of domestic appliances to Bangladesh?

In value terms, China constituted the largest supplier of domestic appliances to Bangladesh, comprising 66% of total imports. The second position in the ranking was held by India, with a 10% share of total imports. It was followed by Thailand, with a 6.6% share.

What are the leading importers of domestic appliances from Bangladesh?

In value terms, the largest markets for domestic appliances exported from Bangladesh were India, the UK and Germany, with a combined 59% share of total exports. Luxembourg, Australia and Fiji lagged somewhat behind, together comprising a further 19%.

What is the average export price for domestic appliances in Bangladesh?

The average domestic appliances export price stood at $6.4 per unit in 2021, growing by 14% against the previous year.

What is the average import price for domestic appliances in Bangladesh?

In 2021, the average domestic appliances import price amounted to $8 per unit, approximately equating the previous year.

This report provides an in-depth analysis of the domestic appliances market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

• Prodcom 27511400 - Electric blankets

• Prodcom 27521113 - Iron or steel gas domestic cooking appliances and plate warmers, with an oven (including those with subsidiary boilers for central heating, separate ovens for both gas and other fuels)

• Prodcom 27521115 - Iron or steel gas domestic cooking appliances and plate warmers (including those with subsidiary boilers for central heating, for both gas and other fuels, excluding those with ovens)

• Prodcom 27521190 - Other domestic cooking appliances and plate warmers, of iron or steel or of copper, non-electric

• Prodcom 27521234 - Iron or steel gas domestic appliances, including heaters, g rates, fires and braziers, for both gas and other fuels radiators (excluding cooking appliances and plate warmers )

• Prodcom 27521250 - Iron or steel liquid fuel domestic appliances, including heaters, grates, fires and braziers (excluding cooking appliances and plate warmers)

• Prodcom 27521270 - Iron or steel solid fuel domestic appliances, including heaters, g rates, fires and braziers (excluding cooking appliances and plate warmers)

• Prodcom 27521300 - Air heaters or hot air distributors n.e.c., of iron or steel, nonelectric

• Prodcom 27511530 - Table, floor, wall, window, ceiling or roof fans, with a selfcontained electric motor of an output . .125 W

• Prodcom 27511580 - Ventilating or recycling hoods incorporating a fan, with a maximum horizontal side . .120 cm

• Prodcom 27511110 - Combined refrigerators-freezers, with separate external doors

• Prodcom 27511133 - Household-type refrigerators (including compression-type, e lectrical absorption-type) (excluding built-in)

• Prodcom 27511135 - Compression-type built-in refrigerators

• Prodcom 27511150 - Chest freezers of a capacity . .800 litres

• Prodcom 27511170 - Upright freezers of a capacity . .900 litres

• Prodcom 27521400 - Non-electric instantaneous or storage water heaters

• Prodcom 27511200 - Household dishwashing machines

• Prodcom 27511300 - Cloth washing and drying machines, of the household type

• Prodcom 27512123 - Vacuum cleaners with a self-contained electric motor of a power . 1 .500 W and having a dust bag or other receptable capacity . .20 l

• Prodcom 27512125 - Other vacuum cleaners with a self-contained electric motor

• Prodcom 27512410 - Vacuum cleaners, including dry cleaners and wet vacuum cleaners (excluding with self-contained electric motor)

• Prodcom 27512170 - Domestic food grinders, mixers and fruit or vegetable juice extractors, with a self-contained electric motor

• Prodcom 27512200 - Shavers, hair-removing appliances and hair clippers, with selfcontained electric motor

• Prodcom 27512530 - Electric instantaneous water heaters

• Prodcom 27512560 - Electric water heaters and immersion heaters (excluding instantaneous water heaters)

• Prodcom 27512630 - Electric storage heating radiators

• Prodcom 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans

• Prodcom 27512690 - Other electric space heaters

• Prodcom 27512310 - Electric hair dryers

• Prodcom 27512330 - Electric hairdressing apparatus (including hair curlers, curling tongs) (excluding hair drying hoods, hair dryers)

• Prodcom 27512350 - Electric hand-drying apparatus

• Prodcom 27512370 - Electric smoothing irons

• Prodcom 27512700 - Domestic microwave ovens

• Prodcom 27512810 - Domestic electric cookers with at least an oven and a hob (including combined gas-electric appliances)

• Prodcom 27512830 - Electric cooking plates, boiling rings and hobs for domestic use

• Prodcom 27512850 - Domestic electric grills and roasters

• Prodcom 27512870 - Domestic electric ovens for building-in

• Prodcom 27512890 - Domestic electric ovens (excluding those for building-in, m icrowave ovens)

• Prodcom 27512430 - Domestic electric coffee or tea makers (including percolators)

• Prodcom 27512450 - Domestic electric toasters (including toaster ovens for toasting bread, potatoes or other small items)

• Prodcom 27512900 - Electric heating resistors (excluding of carbon)

Country coverage:

• Bangladesh

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Bangladesh

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance