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Bangladesh - Electric Soldering Irons And Guns - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectric Soldering Iron Price in Bangladesh - 2022
Contents:
- Electric Soldering Iron Price in Bangladesh (CIF) - 2022
- Electric Soldering Iron Price in Bangladesh (FOB) - 2022
- Electric Soldering Iron Imports in Bangladesh
- Electric Soldering Iron Exports in Bangladesh
Electric Soldering Iron Price in Bangladesh (CIF) - 2022
The average electric soldering iron import price stood at $7.2 per unit in 2022, rising by 39% against the previous year. In general, the import price, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 an increase of 43%. Over the period under review, average import prices attained the peak figure at $12 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($10 per unit), while the price for Hong Kong SAR amounted to $2.4 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.7%).
Electric Soldering Iron Price in Bangladesh (FOB) - 2022
In 2022, the average electric soldering iron export price amounted to $8.2 per unit, shrinking by -35.3% against the previous year. Overall, the export price, however, enjoyed noticeable growth. The pace of growth appeared the most rapid in 2018 an increase of 186%. Over the period under review, the average export prices hit record highs at $19 per unit in 2020; however, from 2021 to 2022, the 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 Georgia ($18 per unit), while the average price for exports to Maldives amounted to $5.8 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+117.9%).
Electric Soldering Iron Imports in Bangladesh
In 2022, supplies from abroad of electric soldering irons and guns decreased by -20.1% to 272K units, falling for the second year in a row after two years of growth. Overall, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. As a result, imports reached the peak of 497K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, electric soldering iron imports rose remarkably to $2M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.5% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 48%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
Import of Electric Soldering Iron in Bangladesh (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 762 | 1,336 | 1,326 | 1,694 | 30.5% |
Hong Kong SAR | 321 | 365 | 387 | 242 | -9.0% |
Others | 132 | 95.4 | 49.3 | 25.7 | -42.0% |
Total | 1,215 | 1,796 | 1,762 | 1,962 | 17.3% |
Top Suppliers of Electric Soldering Iron to Bangladesh in 2022:
- China (168.3K units)
- Hong Kong SAR (99.5K units)
Electric Soldering Iron Exports in Bangladesh
In 2022, overseas shipments of electric soldering irons and guns were finally on the rise to reach 5 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a precipitous descent. The exports peaked at 71 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, electric soldering iron exports amounted to $41 in 2022. In general, exports, however, continue to indicate a significant decrease. Over the period under review, the exports attained the maximum at $1K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Electric Soldering Iron in Bangladesh (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Maldives | 1,019 | 340 | 38.0 | 23.0 | -71.7% |
Georgia | N/A | N/A | N/A | 18.0 | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 1,019 | 340 | 38.0 | 41.0 | -65.7% |
Top Export Markets for Electric Soldering Iron from Bangladesh in 2022:
- Maldives (4.0 units)
- Georgia (1.0 units)
This report provides an in-depth analysis of the electric soldering iron market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27903109 - Electric soldering irons and guns
Country coverage:
- Bangladesh
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bangladesh
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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