Price for Tools, Hand; Other than Household Tools in Bangladesh - 2022
Contents:
- Price for Tools, Hand; Other than Household Tools in Bangladesh (CIF) - 2022
- Price for Tools, Hand; Other than Household Tools in Bangladesh (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in Bangladesh
- Exports of Tools, Hand; Other than Household Tools in Bangladesh
Price for Tools, Hand; Other than Household Tools in Bangladesh (CIF) - 2022
The average import price for tools, hand; other than household toolses stood at $6,856 per ton in 2022, increasing by 8.9% against the previous year. Over the last decade, it increased at an average annual rate of +4.3%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 37% against the previous year. The import price peaked at $7,346 per ton in 2019; however, from 2020 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 the United States ($32,129 per ton), while the price for India ($3,173 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in Bangladesh (FOB) - 2022
The average export price for tools, hand; other than household toolses stood at $8,371 per ton in 2022, shrinking by -57% against the previous year. Overall, the export price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 108%. As a result, the export price attained the peak level of $51,459 per ton. From 2020 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 Switzerland ($23,000 per ton), while the average price for exports to Thailand ($1,268 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in Bangladesh
In 2022, supplies from abroad of tools, hand; other than household toolses decreased by -11.7% to 631 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, imports reached the peak of 714 tons, and then contracted in the following year.
In value terms, imports of tools, hand; other than household toolses fell slightly to $4.3M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 50%. As a result, imports reached the peak of $4.5M, and then fell in the following year.
| Import of Tools, Hand; Other than Household Tools in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,824 | 2,059 | 2,580 | 2,770 | 14.9% |
| United States | 224 | 233 | 957 | 406 | 21.9% |
| India | 208 | 97.8 | 132 | 279 | 10.3% |
| Others | 1,245 | 603 | 829 | 868 | -11.3% |
| Total | 3,501 | 2,993 | 4,498 | 4,324 | 7.3% |
Top Suppliers of Tools, Hand; Other than Household Tools to Bangladesh in 2022:
- China (507.8 tons)
- India (87.9 tons)
- United States (12.6 tons)
Exports of Tools, Hand; Other than Household Tools in Bangladesh
In 2022, the amount of tools, hand; other than household toolses exported from Bangladesh surged to 825 kg, with an increase of 44% on 2021. Over the period under review, exports, however, faced a dramatic decrease.
In value terms, exports of tools, hand; other than household toolses contracted sharply to $6.9K in 2022. In general, exports, however, faced a precipitous decline.
| Export of Tools, Hand; Other than Household Tools in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | N/A | N/A | 2.3 | 2.4 | 4.3% |
| Austria | 1.6 | 29.9 | 1.2 | 1.6 | 0.0% |
| India | 0.3 | 0.2 | N/A | 1.2 | 58.7% |
| China | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Canada | 0.2 | 4.8 | 0.5 | 0.2 | 0.0% |
| Pakistan | N/A | N/A | N/A | 0.2 | 0% |
| Singapore | 0.3 | N/A | N/A | 0.2 | -12.6% |
| Luxembourg | 0.6 | 11.4 | 0.4 | 0.1 | -45.0% |
| Maldives | N/A | 4.4 | 0.1 | 0.1 | -84.9% |
| Thailand | N/A | N/A | N/A | 0.1 | 0% |
| Switzerland | 60.4 | N/A | 1.2 | N/A | -85.9% |
| Netherlands | 26.6 | N/A | N/A | N/A | 0% |
| Others | 1.3 | 0.6 | 5.2 | 0.5 | -27.3% |
| Total | 91.3 | 51.2 | 11.2 | 6.9 | -57.7% |
Top Export Markets for Tools, Hand; Other than Household Tools from Bangladesh in 2022:
- Bahrain (403.0 kg)
- India (97.0 kg)
- Austria (93.0 kg)
- Thailand (56.0 kg)
- Pakistan (45.0 kg)
- Canada (25.0 kg)
- Singapore (22.0 kg)
- China (16.0 kg)
- Luxembourg (7.0 kg)
- Maldives (6.0 kg)
- Switzerland (1.0 kg)
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