Bangladesh: Photo Camera Market 2023

Photo Camera Market Size in Bangladesh

The Bangladeshi photo camera market soared to $X in 2021, jumping by 602% 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, continues to indicate a abrupt curtailment. Photo camera consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Photo Camera Exports

Exports from Bangladesh

After two years of decline, overseas shipments of photographic (other than cinematographic) cameras decreased by 0% to X kg in 2021. Over the period under review, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 967% against the previous year. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, photo camera exports skyrocketed to $X in 2021. Overall, exports continue to indicate a precipitous shrinkage. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X kg) was the main destination for photo camera exports from Bangladesh, with a 64% share of total exports. Moreover, photo camera exports to the Netherlands exceeded the volume sent to the second major destination, Singapore (X kg), twofold. Thailand (X kg) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+44.3% per year) and Thailand (-7.8% per year).

In value terms, the Netherlands ($X), Singapore ($X) and Germany ($X) constituted the largest markets for photo camera exported from Bangladesh worldwide, with a combined 90% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +7.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average photo camera export price stood at $X per kg in 2021, approximately reflecting the previous year. Over the period under review, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2016 an increase of 3,430% against the previous year. The export price peaked at $X per kg in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per kg), while the average price for exports to the Netherlands ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+91.9%), while the prices for the other major destinations experienced mixed trend patterns.

Photo Camera Imports

Imports into Bangladesh

In 2021, the amount of photographic (other than cinematographic) cameras imported into Bangladesh soared to X tons, picking up by 619% against the year before. In general, imports, however, showed a deep reduction. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, photo camera imports skyrocketed to $X in 2021. Overall, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2016 when imports increased by 540%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of photo camera to Bangladesh, accounting for a 71% share of total imports. Moreover, photo camera imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. Hong Kong SAR (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +36.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+25.9% per year) and Hong Kong SAR (+24.7% per year).

In value terms, the United States ($X) constituted the largest supplier of photo camera to Bangladesh, comprising 45% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Malaysia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.2% per year) and Malaysia (+66.7% per year).

Import Prices by Country

The average photo camera import price stood at $X per ton in 2021, declining by -56.3% against the previous year. Over the period under review, the import price, however, showed prominent growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 320% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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