Bangladesh: Fuel Filter Market 2022

Fuel Filter Market Size in Bangladesh

The Bangladeshi fuel filter market surged to $X in 2021, with an increase 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, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Fuel Filter Exports

Exports from Bangladesh

After two years of growth, shipments abroad of oil or petrol-filters for internal combustion engines decreased by -X% to X units in 2021. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2020, and then dropped dramatically in the following year.

In value terms, fuel filter exports totaled $X in 2021. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Guatemala (X units), Moldova (X units) and Iceland (X units) were the main destinations of fuel filter exports from Bangladesh, together comprising X% of total exports. Kyrgyzstan and Montenegro lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Montenegro (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

It was followed by Iceland, with an X% share.

From 2012 to 2021, the average annual growth rate of value to Guatemala was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (X% per year) and Iceland (X% per year).

Export Prices by Country

The average fuel filter export price stood at $X per unit in 2021, jumping by X% against the previous year. In general, the export price posted a slight expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Montenegro ($X per unit), while the average price for exports to Moldova ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Fuel Filter Imports

Imports into Bangladesh

In 2021, fuel filter imports into Bangladesh skyrocketed to X units, picking up by X% compared with the year before. Overall, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fuel filter imports rose rapidly to $X in 2021. In general, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X units) constituted the largest supplier of fuel filter to Bangladesh, accounting for a X% share of total imports. Moreover, fuel filter imports from India exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and the Netherlands (+X% per year).

In value terms, India ($X) constituted the largest supplier of fuel filter to Bangladesh, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Malaysia (+X% per year).

Import Prices by Country

In 2021, the average fuel filter import price amounted to $X per unit, shrinking by -X% against the previous year. In general, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

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

Source: IndexBox Platform