Bangladesh: Industrial Bakery Machinery Market 2022

Industrial Bakery Machinery Market Size in Bangladesh

The Bangladeshi industrial bakery machinery market skyrocketed to $X in 2021, picking up 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). Over the period under review, consumption showed significant growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Industrial Bakery Machinery Exports

Exports from Bangladesh

In 2021, exports of industrial bakery machinery from Bangladesh stood at less than X units, almost unchanged from the year before. Overall, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, industrial bakery machinery exports totaled less than $X in 2021. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Pakistan (X units) was the main destination for industrial bakery machinery exports from Bangladesh, accounting for a approx. X% share of total exports.

From 2012 to 2016, the average annual growth rate of volume to Pakistan amounted to +X%.

From 2012 to 2016, the average annual rate of growth in terms of value to Pakistan amounted to +X%.

Export Prices by Country

The average industrial bakery machinery export price stood at $X per unit in 2016, rising by X% against the previous year. Over the period under review, the export price, however, showed a mild reduction. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2016, the the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Pakistan.

From 2012 to 2016, the rate of growth in terms of prices for Pakistan amounted to -X% per year.

Industrial Bakery Machinery Imports

Imports into Bangladesh

In 2021, the amount of industrial bakery machinery imported into Bangladesh soared to X units, surging by X% on 2020. In general, imports recorded a significant increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, industrial bakery machinery imports soared to $X in 2021. Over the period under review, imports recorded a prominent increase. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), Turkey (X units) and France (X units) were the main suppliers of industrial bakery machinery imports to Bangladesh, together comprising X% of total imports. Denmark, Austria, Germany, the Netherlands and China lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Austria (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial bakery machinery suppliers to Bangladesh were China ($X), Italy ($X) and France ($X), together comprising X% of total imports. The Netherlands, Denmark, Austria, Turkey and Germany lagged somewhat behind, together comprising a further X the main suppliers, Austria, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, 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 industrial bakery machinery import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, saw a deep contraction. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform