Bangladesh: Bicycle Lighting Market 2024

Bicycle Lighting Market Size in Bangladesh

The Bangladeshi bicycle lighting market shrank to $X in 2022, with a decrease of 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). In general, consumption, however, showed a significant increase. Over the period under review, the market reached the maximum level at $X in 2021, and then fell in the following year.

Bicycle Lighting Exports

Exports from Bangladesh

After two years of decline, shipments abroad of electrical or battery operated lighting or visual signalling for bicycles increased by X% to X units in 2022. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, bicycle lighting exports skyrocketed to $X in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia (X units) was the main destination for bicycle lighting exports from Bangladesh, accounting for a X% share of total exports. Moreover, bicycle lighting exports to Slovakia exceeded the volume sent to the second major destination, the United Arab Emirates (X units), sixfold. The third position in this ranking was taken by Austria (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Austria (X% per year).

In value terms, Slovakia ($X) remains the key foreign market for electrical or battery operated lighting or visual signalling for bicycles exports from Bangladesh, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

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

Export Prices by Country

In 2022, the average bicycle lighting export price amounted to $X per unit, dropping by X% against the previous year. In general, the export price, however, posted a remarkable increase. 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 2021, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while the average price for exports to Singapore ($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 Bahrain (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Bicycle Lighting Imports

Imports into Bangladesh

In 2022, imports of electrical or battery operated lighting or visual signalling for bicycles into Bangladesh contracted to X units, dropping by X% against the previous year's figure. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, bicycle lighting imports fell markedly to $X in 2022. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021, and then fell significantly in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of bicycle lighting to Bangladesh, accounting for a X% share of total imports. It was followed by France (X units), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of electrical or battery operated lighting or visual signalling for bicycles to Bangladesh, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%.

Import Prices by Country

The average bicycle lighting import price stood at $X per unit in 2022, approximately reflecting the previous year. In general, the import price continues to indicate a deep contraction. 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 attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

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