Bangladesh: Market for Tools, hand; sets, of articles of two or more of the foregoing items 2024

Market Size for Tools, hand; sets, of articles of two or more of the foregoing items in Bangladesh

The Bangladeshi market for tools, hand; sets, of articles of two or more of the foregoing itemses skyrocketed to $X in 2023, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed significant growth. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Exports of Tools, hand; sets, of articles of two or more of the foregoing items

Exports from Bangladesh

In 2023, the amount of tools, hand; sets, of articles of two or more of the foregoing itemses exported from Bangladesh declined notably to X tons, dropping by X% compared with the previous year's figure. In general, exports, however, continue to indicate a significant increase. The smallest decline of X% was in 2013. Over the period under review, the exports of tools, hand; sets, of articles of two or more of foregoing itemses reached the peak figure at X tons in 2022, and then declined dramatically in the following year.

In value terms, exports of tools, hand; sets, of articles of two or more of the foregoing itemses contracted remarkably to $X in 2023. Over the period under review, exports, however, continue to indicate resilient growth. The smallest decline of X% was in 2013. Over the period under review, the exports of tools, hand; sets, of articles of two or more of foregoing itemses hit record highs at $X in 2022, and then dropped rapidly in the following year.

Exports by Country

Spain (X tons) and Maldives (X tons) were the main destinations of exports of tools, hand; sets, of articles of two or more of the foregoing itemses from Bangladesh.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of X.0%).

In value terms, Spain ($X) emerged as the key foreign market for tools, hand; sets, of articles of two or more of the foregoing itemses exports from Bangladesh, comprising X% of total exports. The second position in the ranking was held by Maldives ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Spain was relatively modest.

Export Prices by Country

In 2023, the average export price for tools, hand; sets, of articles of two or more of the foregoing itemses amounted to $X per ton, remaining constant against the previous year. Overall, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Maldives stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tools, hand; sets, of articles of two or more of the foregoing items

Imports into Bangladesh

In 2023, the amount of tools, hand; sets, of articles of two or more of the foregoing itemses imported into Bangladesh soared to X tons, growing by X% on the previous year. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of tools, hand; sets, of articles of two or more of the foregoing itemses soared to $X in 2023. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) was the main tools, hand; sets, of articles of two or more of the foregoing items supplier to Bangladesh, with a X% share of total imports. It was followed by Malaysia (X kg), with less than X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of tools, hand; sets, of articles of two or more of the foregoing itemses to Bangladesh, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with less than X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from China stood at X%.

Import Prices by Country

The average import price for tools, hand; sets, of articles of two or more of the foregoing itemses stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2022, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform