Bangladesh: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in Bangladesh

The Bangladeshi motorcycle and bicycle market shrank to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption showed a slight slump. Motorcycle and bicycle consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Motorcycle And Bicycle Production in Bangladesh

In value terms, motorcycle and bicycle production reached $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Motorcycle And Bicycle Exports

Exports from Bangladesh

In 2022, exports of motorcycles and bicycles from Bangladesh amounted to X units, with an increase of X% compared with the year before. In general, exports showed prominent growth. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, motorcycle and bicycle exports soared to $X in 2022. Over the period under review, exports showed a prominent increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The UK (X units), Germany (X units) and Austria (X units) were the main destinations of motorcycle and bicycle exports from Bangladesh, together comprising X% of total exports. India, the Netherlands, Denmark, Belgium and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for motorcycle and bicycle exported from Bangladesh were Germany ($X), the UK ($X) and Austria ($X), together comprising X% of total exports. Denmark, India, the Netherlands, Poland and Belgium lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the average motorcycle and bicycle export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motorcycle and bicycle export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Belgium ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motorcycle And Bicycle Imports

Imports into Bangladesh

In 2022, approx. X units of motorcycles and bicycles were imported into Bangladesh; dropping by X% against the year before. In general, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, motorcycle and bicycle imports declined slightly to $X in 2022. Over the period under review, imports, however, enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest motorcycle and bicycle supplier to Bangladesh, accounting for a X% share of total imports. Moreover, motorcycle and bicycle imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold.

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

In value terms, India ($X) constituted the largest supplier of motorcycles and bicycles to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the average motorcycle and bicycle import price amounted to $X per unit, picking up by X% against the previous year. In general, the import price, however, saw a perceptible downturn. The growth pace was the most rapid in 2014 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 2022, import prices stood at a somewhat lower figure.

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 India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :