Bangladesh: Remote Control Apparatus Market 2024

Remote Control Apparatus Market Size in Bangladesh

The Bangladeshi remote control apparatus market fell modestly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, saw a strong expansion. Remote control apparatus consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Remote Control Apparatus Production in Bangladesh

In value terms, remote control apparatus production fell slightly to $X in 2022 estimated in export price. In general, production, however, showed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Remote control apparatus production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Remote Control Apparatus Exports

Exports from Bangladesh

In 2022, the amount of radio remote control apparatus exported from Bangladesh soared to X units, growing by X% on 2021 figures. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, remote control apparatus exports surged to $X in 2022. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia (X units), Austria (X units) and Denmark (X units) were the main destinations of remote control apparatus exports from Bangladesh, together accounting for X% of total exports. South Korea, Poland and Canada lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) emerged as the key foreign market for radio remote control apparatus exports from Bangladesh, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovakia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Austria (X% per year).

Export Prices by Country

In 2022, the average remote control apparatus export price amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2016 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 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to South Korea ($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.

Remote Control Apparatus Imports

Imports into Bangladesh

In 2022, approx. X units of radio remote control apparatus were imported into Bangladesh; with an increase of X% compared with the year before. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, remote control apparatus imports soared to $X in 2022. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest remote control apparatus supplier to Bangladesh, accounting for a X% share of total imports. Moreover, remote control apparatus imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fivefold. The third position in this ranking was held by India (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of radio remote control apparatus to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by India, with a X% share.

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

Import Prices by Country

In 2022, the average remote control apparatus import price amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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