Bangladesh: Market for Vacuum Cleaners With Motor 2022

Market Size for Vacuum Cleaners With Motor in Bangladesh

The Bangladeshi vacuum cleaner with motor market fell to $X in 2021, dropping by -5.7% 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). Over the period under review, consumption, however, enjoyed a significant expansion. Vacuum cleaner with motor consumption peaked at $X in 2020, and then contracted in the following year.

Exports of Vacuum Cleaners With Motor

Exports from Bangladesh

In 2021, after two years of decline, there was significant growth in overseas shipments of vacuum cleaners with motor, when their volume increased by 52% to X kg. Overall, exports, however, saw a deep contraction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, vacuum cleaner with motor exports rose rapidly to $X in 2021. Over the period under review, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 96%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Lebanon (X kg), Luxembourg (X kg) and Thailand (X kg) were the main destinations of vacuum cleaner with motor exports from Bangladesh, together comprising 99% of total exports.

From 2012 to 2021, the biggest increases were in Luxembourg (with a CAGR of +59.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for vacuum cleaner with motor exported from Bangladesh were Lebanon ($X), Luxembourg ($X) and Thailand ($X), together comprising 99% of total exports.

Among the main countries of destination, Luxembourg, with a CAGR of +0.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average vacuum cleaner with motor export price stood at $X per ton in 2021, which is down by -28% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vacuum cleaner with motor export price decreased by -42.1% against 2018 indices. The growth pace was the most rapid in 2018 when the average export price increased by 61%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+65.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Cleaners With Motor

Imports into Bangladesh

After two years of growth, supplies from abroad of vacuum cleaners with motor decreased by -9.9% to X tons in 2021. Overall, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 141%. Imports peaked at X tons in 2020, and then dropped in the following year.

In value terms, vacuum cleaner with motor imports declined modestly to $X in 2021. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2016 with an increase of 101%. Over the period under review, imports hit record highs at $X in 2020, and then declined slightly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of vacuum cleaner with motor to Bangladesh, with a 74% share of total imports. Moreover, vacuum cleaner with motor imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +42.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+31.3% per year) and Germany (+40.0% per year).

In value terms, China ($X) constituted the largest supplier of vacuum cleaner with motor to Bangladesh, comprising 53% of total imports. The second position in the ranking was held by Thailand ($X), with an 8.7% share of total imports. It was followed by Italy, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +34.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+32.2% per year) and Italy (+18.3% per year).

Import Prices by Country

In 2021, the average vacuum cleaner with motor import price amounted to $X per ton, picking up by 6.7% against the previous year. Over the period under review, the import price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 32% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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