Bangladesh: Market for Electric Burglar Or Fire Alarms And Similar Apparatus 2024

Market Size for Electric Burglar Or Fire Alarms And Similar Apparatus in Bangladesh

The Bangladeshi market for electric burglar or fire alarms and similar apparatus declined significantly to $X in 2022, which is down 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). Overall, consumption, however, saw a significant increase. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced notably in the following year.

Exports of Electric Burglar Or Fire Alarms And Similar Apparatus

Exports from Bangladesh

In 2022, shipments abroad of electric burglar or fire alarms and similar apparatus increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, electric burglar or fire alarm exports plummeted to $X in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Myanmar (X units) was the main destination for electric burglar or fire alarm exports from Bangladesh, with a X% share of total exports. Moreover, electric burglar or fire alarm exports to Myanmar exceeded the volume sent to the second major destination, Chile (X units), threefold. The third position in this ranking was taken by Italy (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Myanmar totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Italy (X% per year).

In value terms, the largest markets for electric burglar or fire alarm exported from Bangladesh were Italy ($X), Greece ($X) and Chile ($X), together accounting for X% of total exports. Myanmar, the United States, the Netherlands and Thailand lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for electric burglar or fire alarms and similar apparatus stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price showed a drastic downturn. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked at $X per unit 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Myanmar ($X 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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Burglar Or Fire Alarms And Similar Apparatus

Imports into Bangladesh

Electric burglar or fire alarm imports into Bangladesh contracted to X units in 2022, with a decrease of X% against 2021 figures. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, electric burglar or fire alarm imports declined rapidly to $X in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest electric burglar or fire alarm supplier to Bangladesh, with a X% share of total imports. Moreover, electric burglar or fire alarm imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), threefold. The UK (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the largest electric burglar or fire alarm suppliers to Bangladesh were Singapore ($X), China ($X) and the UK ($X), with a combined X% share of total imports. Italy, the United Arab Emirates and India lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for electric burglar or fire alarms and similar apparatus amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price recorded a noticeable setback. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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