Bangladesh: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in Bangladesh

In 2021, the Bangladeshi market for residential, commercial and industrial lighting fixture was finally on the rise to reach $X after three years of decline. In general, consumption posted strong growth. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from Bangladesh

For the tenth consecutive year, Bangladesh recorded growth in shipments abroad of residential, commercial and industrial lighting fixture, which increased by X% to X units in 2021. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of residential, commercial and industrial lighting fixture skyrocketed to $X in 2021. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units), Poland (X units) and Taiwan (Chinese) (X units) were the main destinations of exports of residential, commercial and industrial lighting fixture from Bangladesh, with a combined X% share of total exports. Moreover, exports of residential, commercial and industrial lighting fixture in the United States exceeded the figures recorded by the second-largest exporter, Poland, twofold.

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

In value terms, the United States ($X), Poland ($X) and Australia ($X) constituted the largest markets for residential, commercial and industrial lighting fixture exported from Bangladesh worldwide, together accounting for X% of total exports. Moreover, exports of residential, commercial and industrial lighting fixture in the United States exceeded the figures recorded by the second-largest exporter, Poland, fivefold.

Poland, with a CAGR of X%, saw the highest growth rate of 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

The average export price for residential, commercial and industrial lighting fixture stood at less than $X per unit in 2022, shrinking by X% against the previous year. In general, the export price, however, posted significant growth. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then shrank markedly in the following year.

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

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Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into Bangladesh

In 2021, supplies from abroad of residential, commercial and industrial lighting fixture was finally on the rise to reach X units after three years of decline. In general, imports saw a resilient expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of residential, commercial and industrial lighting fixture surged to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X units) and Hong Kong SAR (X units) were the main suppliers of imports of residential, commercial and industrial lighting fixture to Bangladesh.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%).

In value terms, the largest residential, commercial and industrial lighting fixture suppliers to Bangladesh were China ($X) and Hong Kong SAR ($X).

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average import price for residential, commercial and industrial lighting fixture stood at less than $X per unit in 2022, reducing by X% against the previous year. In general, the import price faced a deep setback. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%).

Source: IndexBox Platform

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