Plugs and Socket Price in Bangladesh - 2022
Contents:
- Plugs and Socket Price in Bangladesh (CIF) - 2022
- Plugs and Socket Price in Bangladesh (FOB) - 2022
- Plugs and Socket Imports in Bangladesh
- Plugs and Socket Exports in Bangladesh
Plugs and Socket Price in Bangladesh (CIF) - 2022
The average plugs and socket import price stood at $0.1 per unit in 2022, increasing by 14% against the previous year. Over the period under review, the import price posted a resilient increase. The pace of growth was the most pronounced in 2014 an increase of 72% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
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 India ($0.6 per unit), while the price for Turkey ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+41.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Bangladesh (FOB) - 2022
In 2022, the average plugs and socket export price amounted to $0.1 per unit, reducing by -50.2% against the previous year. Overall, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 70% against the previous year. The export price peaked at $0.3 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($0.7 per unit), while the average price for exports to Timor-Leste (less than $0.1 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 Nepal (+36.4%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Bangladesh
In 2022, approx. 88M units of electrical plugs and sockets for under 1000 v were imported into Bangladesh; which is down by -16.3% against the previous year's figure. Overall, imports saw a perceptible descent. The pace of growth was the most pronounced in 2021 when imports increased by 43% against the previous year. As a result, imports reached the peak of 105M units, and then fell significantly in the following year.
In value terms, plugs and socket imports fell modestly to $12M in 2022. Over the period under review, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 123%. As a result, imports attained the peak of $13M, and then declined slightly in the following year.
| Import of Plugs and Socket in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.0 | 4.8 | 8.2 | 10.3 | 19.7% |
| Turkey | 0.6 | 0.3 | 0.8 | 1.1 | 22.4% |
| Russia | N/A | N/A | 3.2 | N/A | 0% |
| Others | 1.5 | 0.8 | 0.8 | 1.1 | -9.8% |
| Total | 8.1 | 5.8 | 13.0 | 12.5 | 15.6% |
Top Suppliers of Plugs and Socket to Bangladesh in 2022:
- China (76.9M units)
- Turkey (9.2M units)
Plugs and Socket Exports in Bangladesh
In 2022, the amount of electrical plugs and sockets for under 1000 v exported from Bangladesh skyrocketed to 416K units, picking up by 530% against the year before. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, plugs and socket exports surged to $45K in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 627% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Plugs and Socket in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 17.5 | 0% |
| Nepal | N/A | N/A | 3.5 | 7.5 | 114.3% |
| Malaysia | N/A | N/A | N/A | 6.5 | 0% |
| Thailand | 0.2 | 0.1 | 0.1 | 5.9 | 209.0% |
| Timor-Leste | N/A | N/A | 0.6 | 1.8 | 200.0% |
| Guatemala | N/A | N/A | N/A | 1.2 | 0% |
| Norway | N/A | N/A | 8.0 | N/A | 0% |
| Seychelles | 0.3 | N/A | N/A | N/A | 0% |
| Others | 7.8 | 1.9 | 2.1 | 4.1 | -19.3% |
| Total | 8.3 | 2.0 | 14.2 | 44.5 | 75.0% |
Top Export Markets for Plugs and Socket from Bangladesh in 2022:
- United Arab Emirates (285.6K units)
- Timor-Leste (52.4K units)
- Thailand (36.1K units)
- Guatemala (12.3K units)
- Nepal (11.4K units)
- Malaysia (10.0K units)
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