Bangladesh: Laundry Machine Market 2024

Laundry Machine Market Size in Bangladesh

The Bangladeshi laundry machine market fell modestly to $X in 2022, which is down by X% 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). In general, consumption enjoyed a buoyant expansion. As a result, consumption attained the peak level of $X, and then fell in the following year.

Laundry Machine Exports

Exports from Bangladesh

In 2022, shipments abroad of washing, bleaching or dyeing machines decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, laundry machine exports shrank significantly to $X in 2022. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X units), Taiwan (Chinese) (X units) and Hong Kong SAR (X units) were the main destinations of laundry machine exports from Bangladesh, together comprising X% of total exports.

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

In value terms, Italy ($X) remains the key foreign market for washing, bleaching or dyeing machines exports from Bangladesh, comprising X% of total exports. The second position in the ranking was taken by India ($X), with an X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The average laundry machine export price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 Italy (X%), while the prices for the other major destinations experienced a decline.

Laundry Machine Imports

Imports into Bangladesh

In 2022, laundry machine imports into Bangladesh skyrocketed to X units, rising by X% on 2021 figures. In general, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, laundry machine imports reduced to $X in 2022. Overall, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of laundry machine to Bangladesh, with a X% share of total imports. Moreover, laundry machine imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Germany (X% per year).

In value terms, Turkey ($X), China ($X) and Germany ($X) constituted the largest laundry machine suppliers to Bangladesh, together comprising X% of total imports.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average laundry machine import price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, laundry machine import price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 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 Hong Kong SAR ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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