Bangladesh: Boiler Parts Market 2022

Boiler Parts Market Size in Bangladesh

In 2021, the Bangladeshi boiler parts market decreased by -X% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2017 indices. Boiler parts consumption peaked at $X in 2020, and then reduced modestly in the following year.

Boiler Parts Production in Bangladesh

In value terms, boiler parts production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated pronounced growth 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, production increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2020, and then contracted in the following year.

Boiler Parts Exports

Exports from Bangladesh

In 2021, after two years of decline, there was growth in overseas shipments of parts of boilers for central heating, when their volume increased by X% to X tons. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, boiler parts exports declined to $X in 2021. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then dropped modestly in the following year.

Exports by Country

Australia (X tons) was the main destination for boiler parts exports from Bangladesh, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia totaled +X%.

In value terms, Australia ($X) also remains the key foreign market for boiler parts exports from Bangladesh.

From 2012 to 2021, the average annual growth rate of value to Australia totaled +X%.

Export Prices by Country

The average boiler parts export price stood at $X per ton in 2021, with a decrease of -X% against the previous year. Over the period under review, the export price, however, showed a resilient expansion. The growth pace was the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2020, and then dropped modestly in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to +X% per year.

Boiler Parts Imports

Imports into Bangladesh

In 2021, overseas purchases of parts of boilers for central heating increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, saw a precipitous setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, boiler parts imports soared to $X in 2021. Over the period under review, imports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest boiler parts supplier to Bangladesh, with a X% share of total imports. Moreover, boiler parts imports from Indonesia exceeded the figures recorded by the second-largest supplier, Singapore (X kg), more than tenfold. The third position in this ranking was taken by Malaysia (X kg), with a X% share.

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

In value terms, Indonesia ($X) constituted the largest supplier of boiler parts to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

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

Import Prices by Country

In 2021, the average boiler parts import price amounted to $X per ton, which is down by -X% against the previous year. In general, the import price, however, posted resilient growth. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 Market Intelligence Platform

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