Price for Electric Motors; of an Output Not Exceeding 37.5W in Bangladesh - 2022
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Bangladesh (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Bangladesh (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Bangladesh
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Bangladesh
Price for Electric Motors; of an Output Not Exceeding 37.5W in Bangladesh (CIF) - 2022
In 2022, the average import price for electric motors amounted to $2.6 per unit, declining by -18.9% against the previous year. In general, the import price showed a precipitous curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 52%. As a result, import price attained the peak level of $32 per unit. From 2017 to 2022, the average import prices remained at a 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 Thailand ($7.2 per unit), while the price for China ($2 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 (-17.0%), while the prices for the other major suppliers experienced a decline.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Bangladesh (FOB) - 2022
In 2022, the average export price for electric motors amounted to $154 per unit, picking up by 61% against the previous year. Over the period under review, the export price saw a slight expansion. The pace of growth appeared the most rapid in 2018 an increase of 154% against the previous year. As a result, the export price reached the peak level of $168 per unit. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($1,223 per unit), while the average price for exports to Ireland ($59 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 Canada (+146.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Bangladesh
For the fourth year in a row, Bangladesh recorded growth in purchases abroad of electric motors, which increased by 74% to 4.7M units in 2022. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 106% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of electric motors surged to $12M in 2022. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 49%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.3 | 4.1 | 6.1 | 8.2 | 35.4% |
| India | 0.4 | 0.3 | 0.3 | 0.6 | 14.5% |
| Hong Kong SAR | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Thailand | 0.5 | 0.3 | 0.3 | 0.3 | -15.7% |
| Others | 1.0 | 1.0 | 1.7 | 2.6 | 37.5% |
| Total | 5.2 | 5.8 | 8.6 | 12.1 | 32.5% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Bangladesh in 2022:
- China (4157.6K units)
- India (239.4K units)
- Hong Kong SAR (134.1K units)
- Thailand (43.6K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Bangladesh
In 2022, overseas shipments of electric motors decreased by -52.5% to 48 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 730% against the previous year. The exports peaked at 101 units in 2021, and then shrank rapidly in the following year.
In value terms, exports of electric motors shrank sharply to $7.4K in 2022. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 294%. Over the period under review, the exports of hit record highs at $9.6K in 2021, and then reduced sharply in the following year.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Bangladesh (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 946 | 864 | 133 | 3,669 | 57.1% |
| China | 58.0 | 44.0 | 5,003 | 1,481 | 194.5% |
| India | 87.0 | 6.0 | 606 | 754 | 105.4% |
| Bulgaria | 94.0 | 48.0 | 933 | 426 | 65.5% |
| Nepal | N/A | N/A | 578 | 271 | -53.1% |
| Montenegro | N/A | N/A | N/A | 195 | 0% |
| Germany | 36.0 | 16.0 | 261 | 127 | 52.2% |
| Thailand | 11.0 | 6.0 | 132 | 102 | 110.1% |
| Spain | N/A | N/A | N/A | 102 | 0% |
| Austria | N/A | N/A | N/A | 93.0 | 0% |
| Canada | 6.0 | 17.0 | 221 | 90.0 | 146.6% |
| Ireland | N/A | N/A | N/A | 59.0 | 0% |
| Myanmar | N/A | 4,241 | N/A | N/A | 0% |
| Others | 161 | 264 | 1,746 | N/A | 229.3% |
| Total | 1,399 | 5,506 | 9,613 | 7,369 | 74.0% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Bangladesh in 2022:
- China (25.0 units)
- India (11.0 units)
- Singapore (3.0 units)
- Canada (1.0 units)
- Montenegro (1.0 units)
- Nepal (1.0 units)
- Austria (1.0 units)
- Ireland (1.0 units)
- Thailand (1.0 units)
- Germany (1.0 units)
- Spain (1.0 units)
- Bulgaria (1.0 units)
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