Weaving Machines (Looms) Price in Bangladesh - 2022
Contents:
- Weaving Machines (Looms) Price in Bangladesh (CIF) - 2022
- Weaving Machines (Looms) Price in Bangladesh (FOB) - 2022
- Weaving Machines (Looms) Imports in Bangladesh
- Weaving Machines (Looms) Exports in Bangladesh
Weaving Machines (Looms) Price in Bangladesh (CIF) - 2022
In 2022, the average weaving machines (looms) import price amounted to $14,866 per unit, falling by -21.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 51%. Over the period under review, average import prices attained the maximum at $22,744 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Belgium ($245,032 per unit), while the price for the United States ($4,311 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Weaving Machines (Looms) Price in Bangladesh (FOB) - 2022
The average weaving machines (looms) export price stood at $4,118 per unit in 2022, shrinking by -31.7% against the previous year. In general, the export price, however, posted a temperate increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 90%. The export price peaked at $8,272 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($4,224 per unit), while the average price for exports to Taiwan (Chinese) ($3,189 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 Pakistan (+0.6%), while the prices for the other major destinations experienced a decline.
Weaving Machines (Looms) Imports in Bangladesh
In 2022, approx. 5.2K units of weaving machines (looms)s were imported into Bangladesh; jumping by 30% on the year before. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -1.4% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 42%. As a result, imports reached the peak of 5.3K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, weaving machines (looms) imports reached $77M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.7% 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 +59.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 37% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Weaving Machines (Looms) in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 9.8 | 4.3 | 10.4 | 26.0 | 38.4% |
| China | 16.6 | 32.7 | 15.7 | 17.8 | 2.4% |
| Japan | 5.4 | 5.7 | 15.2 | 7.0 | 9.0% |
| Bulgaria | 3.7 | 5.4 | 6.1 | 7.0 | 23.7% |
| Italy | 2.8 | 1.5 | 8.5 | 5.1 | 22.1% |
| India | 2.2 | 3.7 | 6.5 | 5.1 | 32.3% |
| United States | 0.2 | 0.9 | 0.6 | 0.5 | 35.7% |
| Others | 8.0 | 12.1 | 12.9 | 8.8 | 3.2% |
| Total | 48.6 | 66.3 | 75.9 | 77.2 | 16.7% |
Top Suppliers of Weaving Machines (Looms) to Bangladesh in 2022:
- China (3647.0 units)
- India (333.0 units)
- Italy (324.0 units)
- Japan (251.0 units)
- Bulgaria (213.0 units)
- United States (122.0 units)
- Belgium (106.0 units)
Weaving Machines (Looms) Exports in Bangladesh
In 2022, the amount of weaving machines (looms)s exported from Bangladesh skyrocketed to 100 units, picking up by 108% against the previous year. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, weaving machines (looms) exports skyrocketed to $412K in 2022. Overall, exports, however, showed a noticeable descent. The exports peaked at $471K in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
| Export of Weaving Machines (Looms) in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 211 | 373 | 149 | 308 | 13.4% |
| Pakistan | 206 | 84.4 | 74.2 | 93.8 | -23.1% |
| Taiwan (Chinese) | 14.8 | 14.0 | 9.6 | 9.6 | -13.4% |
| Turkey | N/A | N/A | 56.4 | N/A | 0% |
| Others | 11.9 | N/A | N/A | N/A | 0% |
| Total | 443 | 471 | 289 | 412 | -2.4% |
Top Export Markets for Weaving Machines (Looms) from Bangladesh in 2022:
- India (73.0 units)
- Pakistan (23.0 units)
- Taiwan (Chinese) (3.0 units)
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