Bangladesh: Fire-Fighting Vehicle Market 2022

Fire-Fighting Vehicle Market Size in Bangladesh

The Bangladeshi fire-fighting vehicle market shrank to $X in 2021, falling 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, posted buoyant growth. Fire-fighting vehicle consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Fire-Fighting Vehicle Exports

Exports from Bangladesh

In 2021, the amount of fire-fighting vehicles exported from Bangladesh was estimated at less than X units, approximately equating the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern.

In value terms, fire-fighting vehicle exports totaled less than $X in 2021. In general, exports showed a relatively flat trend pattern. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Fire-Fighting Vehicle Imports

Imports into Bangladesh

Fire-fighting vehicle imports into Bangladesh declined significantly to X units in 2021, falling by -X% on the previous year's figure. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, fire-fighting vehicle imports stood at $X in 2021. Overall, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest fire-fighting vehicle supplier to Bangladesh, with a X% share of total imports. Moreover, fire-fighting vehicle imports from Japan exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (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 Japan stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Thailand (X% per year).

In value terms, the largest fire-fighting vehicle suppliers to Bangladesh were Thailand ($X), the United Arab Emirates ($X) and Japan ($X), with a combined X% share of total imports. These countries were followed by Indonesia and India, which together accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of imports, among 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 2021, the average fire-fighting vehicle import price amounted to $X per unit, jumping by X% against the previous year. In general, the import price saw strong growth. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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