Bangladesh: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA in Bangladesh

In 2022, the Bangladeshi market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption saw a pronounced slump. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA in Bangladesh

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA rose modestly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Exports from Bangladesh

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exported from Bangladesh reduced sharply to X units, falling by X% compared with the previous year's figure. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports of attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA reduced modestly to $X in 2022. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Nepal (X units) and India (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from Bangladesh. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in Nepal exceeded the figures recorded by the second-largest exporter, India, twofold.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of X%).

In value terms, Nepal ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exports from Bangladesh, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Nepal was relatively modest.

Export Prices by Country

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, growing by X% against the previous year. In general, the export price showed a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Nepal ($X per unit), while the average price for exports to India totaled $X per unit.

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

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Imports into Bangladesh

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA imported into Bangladesh shrank remarkably to X units, with a decrease of X% on the previous year's figure. Overall, imports recorded a noticeable slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA declined rapidly to $X in 2022. In general, imports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

China (X units), India (X units) and Hong Kong SAR (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to Bangladesh, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to Bangladesh, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then fell in the following year.

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 the United States ($X per unit), while the price for Germany ($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 States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform