Bangladesh: Market for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles 2024

Market Size for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Bangladesh

The Bangladeshi market for road-sweepers, mobile workshops and other special purpose vehicles expanded slightly to $X in 2021, increasing by 4.3% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the near future.

Production of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Bangladesh

In value terms, production of road-sweepers, mobile workshops and other special purpose vehicles totaled $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 15%. Production of peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles

Exports from Bangladesh

In 2015, approx. X units of road-sweepers, mobile workshops and other special purpose vehicles were exported from Bangladesh; remaining constant against the previous year's figure. Over the period under review, exports continue to indicate a noticeable slump. The smallest decline of -24.4% was in 2013. Over the period under review, the exports of attained the peak figure at X units in 2012; however, from 2013 to 2015, the exports failed to regain momentum.

In value terms, exports of road-sweepers, mobile workshops and other special purpose vehicles amounted to $X in 2015. Overall, exports saw a noticeable shrinkage. The smallest decline of -26.7% was in 2013. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2015, the exports failed to regain momentum.

Exports by Country

Singapore (X units) and Sudan (X units) were the main destinations of exports of road-sweepers, mobile workshops and other special purpose vehicles from Bangladesh.

From 2012 to 2015, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of 0.0%).

In value terms, the largest markets for road-sweepers, mobile workshops and other special purpose vehicles exported from Bangladesh were Sudan ($X) and Singapore ($X).

Singapore, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average export price for road-sweepers, mobile workshops and other special purpose vehicles stood at $X per unit in 2015, leveling off at the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price decreased by -3.1%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2015, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2015, amid the top suppliers, the country with the highest price was Sudan ($X per unit), while the average price for exports to Singapore stood at $X per unit.

From 2012 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (-0.0%).

Imports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles

Imports into Bangladesh

In 2021, overseas purchases of road-sweepers, mobile workshops and other special purpose vehicles were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 388%. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of road-sweepers, mobile workshops and other special purpose vehicles skyrocketed to $X in 2021. Overall, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X units) constituted the largest road-sweepers, mobile workshops and other special purpose vehicles supplier to Bangladesh, with a 40% share of total imports. Moreover, imports of road-sweepers, mobile workshops and other special purpose vehicles from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), twofold. India (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled +70.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+26.8% per year) and India (+18.2% per year).

In value terms, Turkey ($X) constituted the largest supplier of road-sweepers, mobile workshops and other special purpose vehicles to Bangladesh, comprising 59% of total imports. The second position in the ranking was held by China ($X), with an 8.8% share of total imports. It was followed by South Korea, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +72.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+46.6% per year) and South Korea (+1.5% per year).

Import Prices by Country

The average import price for road-sweepers, mobile workshops and other special purpose vehicles stood at $X per unit in 2021, growing by 33% against the previous year. In general, the import price posted mild growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 138% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Democratic Republic of the Congo ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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