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Bangladesh - Lifts And Hoists - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLift and Hoist Price in Bangladesh - 2022
Contents:
- Lift and Hoist Price in Bangladesh (CIF) - 2022
- Lift and Hoist Price in Bangladesh (FOB) - 2022
- Lift and Hoist Imports in Bangladesh
- Lift and Hoist Exports in Bangladesh
Lift and Hoist Price in Bangladesh (CIF) - 2022
In 2022, the average lift and hoist import price amounted to $16,147 per unit, therefore, remained relatively stable against the previous year. Overall, the import price recorded a deep downturn. The growth pace was the most rapid in 2017 an increase of 76% against the previous year. The import price peaked at $31,005 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 ($23,390 per unit), while the price for Switzerland ($2,998 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 (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Lift and Hoist Price in Bangladesh (FOB) - 2022
In 2022, the average lift and hoist export price amounted to $20,640 per unit, falling by -24.8% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 2,702% against the previous year. The export price peaked at $27,438 per unit in 2021, and then contracted rapidly in the following year.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +6.2% per year.
Lift and Hoist Imports in Bangladesh
After three years of growth, overseas purchases of lifts and hoists decreased by -9.8% to 4.6K units in 2022. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 24%. As a result, imports reached the peak of 5.1K units, and then reduced in the following year.
In value terms, lift and hoist imports declined to $74M in 2022. The total import value increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. As a result, imports attained the peak of $83M, and then reduced in the following year.
Import of Lift and Hoist in Bangladesh (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 36.3 | 33.3 | 41.4 | 38.8 | 2.2% |
South Korea | 14.7 | 10.5 | 14.2 | 13.6 | -2.6% |
Spain | 3.9 | 3.7 | 2.1 | 3.5 | -3.5% |
Hong Kong SAR | 2.1 | 2.5 | 3.1 | 3.3 | 16.3% |
Slovakia | N/A | 4.0 | 4.9 | 2.9 | -14.9% |
Italy | 0.7 | 2.4 | 2.2 | 2.8 | 58.7% |
Germany | 1.2 | 1.8 | 4.2 | 2.6 | 29.4% |
Thailand | 1.7 | 1.4 | 2.0 | 1.7 | 0.0% |
Turkey | 1.8 | 0.4 | 1.6 | 1.3 | -10.3% |
India | 0.7 | 0.8 | 3.2 | 0.8 | 4.6% |
Switzerland | 0.4 | 0.4 | 0.4 | 0.4 | 0.0% |
Others | 1.9 | 4.1 | 3.6 | 2.4 | 8.1% |
Total | 65.5 | 65.3 | 82.8 | 74.0 | 4.2% |
Top Suppliers of Lift and Hoist to Bangladesh in 2022:
- China (2459.0 units)
- South Korea (784.0 units)
- Spain (200.0 units)
- Slovakia (158.0 units)
- Italy (154.0 units)
- Germany (141.0 units)
- Hong Kong SAR (141.0 units)
- Switzerland (140.0 units)
- India (110.0 units)
- Thailand (75.0 units)
- Turkey (69.0 units)
Lift and Hoist Exports in Bangladesh
In 2022, approx. 2 units of lifts and hoists were exported from Bangladesh; standing approx. at 2021. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +26.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +100.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 100% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, lift and hoist exports plummeted to $41K in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 5,504%. The exports peaked at $55K in 2021, and then contracted rapidly in the following year.
Export of Lift and Hoist in Bangladesh (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 0.5 | 27.7 | 54.9 | 41.3 | 335.5% |
Spain | N/A | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 0.5 | 27.7 | 54.9 | 41.3 | 335.5% |
Top Export Markets for Lift and Hoist from Bangladesh in 2022:
- India (2.0 units)
This report provides an in-depth analysis of the lift and hoist 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 28221630 - Electrically operated lifts and skip hoists
- Prodcom 28221650 - Lifts and skip hoists (excluding electrically operated)
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.
-
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
-
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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