Price for Navigational Instruments and Appliances; Parts and Accessories in Bangladesh - 2022

Contents:

  1. Price for Navigational Instruments and Appliances; Parts and Accessories in Bangladesh (CIF) - 2022
  2. Price for Navigational Instruments and Appliances; Parts and Accessories in Bangladesh (FOB) - 2022
  3. Imports of Navigational Instruments and Appliances; Parts and Accessories in Bangladesh
  4. Exports of Navigational Instruments and Appliances; Parts and Accessories in Bangladesh

Price for Navigational Instruments and Appliances; Parts and Accessories in Bangladesh (CIF) - 2022

In 2022, the average import price for navigational instruments and appliances; parts and accessorieses amounted to $436,123 per ton, flattening at the previous year. In general, the import price saw a abrupt decline. The pace of growth was the most pronounced in 2016 an increase of 327%. As a result, import price attained the peak level of $3,618 per kg. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,000,000 per ton), while the price for Japan ($144,092 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+50.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Navigational Instruments and Appliances; Parts and Accessories in Bangladesh (FOB) - 2022

The average export price for navigational instruments and appliances; parts and accessorieses stood at $70,048 per ton in 2022, picking up by 64% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 146% against the previous year. The export price peaked at $125,522 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($262,563 per ton), while the average price for exports to Taiwan (Chinese) ($4,467 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 India (+81.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Navigational Instruments and Appliances; Parts and Accessories in Bangladesh

In 2022, supplies from abroad of navigational instruments and appliances; parts and accessorieses increased by 356% to 3.6 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of navigational instruments and appliances; parts and accessorieses soared to $1.6M in 2022. Over the period under review, imports enjoyed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Navigational Instruments and Appliances; Parts and Accessories in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands53.25.75.31,068171.8%
Singapore42995.680.2141-31.0%
Norway95.825912.41156.3%
China40.11.6N/A51.88.9%
ItalyN/AN/AN/A43.20%
Japan12517765.022.0-44.0%
United States1929.71308.0-65.3%
South Korea6.013.9N/AN/A131.7%
Others20324755.3121-15.8%
Total1,1438093481,57011.2%

Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Bangladesh in 2022:

  1. Netherlands (2719.0 kg)
  2. Singapore (260.0 kg)
  3. Norway (164.0 kg)
  4. Japan (153.0 kg)
  5. China (99.0 kg)
  6. Italy (85.0 kg)
  7. United States (4.0 kg)

Exports of Navigational Instruments and Appliances; Parts and Accessories in Bangladesh

In 2022, overseas shipments of navigational instruments and appliances; parts and accessorieses decreased by -64.3% to 607 kg, falling for the second year in a row after two years of growth. In general, exports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 150%. As a result, the exports reached the peak of 3.9 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of navigational instruments and appliances; parts and accessorieses dropped remarkably to $43K in 2022. Overall, exports faced a precipitous setback. The pace of growth appeared the most rapid in 2020 with an increase of 18% against the previous year. As a result, the exports reached the peak of $102K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Navigational Instruments and Appliances; Parts and Accessories in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore2.20.37.314.989.2%
IndiaN/AN/AN/A12.60%
ItalyN/AN/AN/A4.80%
NetherlandsN/AN/A0.23.21500.0%
Germany0.91.52.52.846.0%
BulgariaN/AN/AN/A1.40%
France0.20.528.71.071.0%
Greece2.07.7N/A0.2-53.6%
Taiwan (Chinese)N/AN/AN/A0.10%
Lithuania46.56.90.1N/A-95.4%
South Korea0.219.411.6N/A661.6%
China30.50.1N/AN/A-99.7%
United Arab EmiratesN/A64.516.7N/A-74.1%
Others3.91.25.51.5-27.3%
Total86.410272.642.5-21.1%

Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Bangladesh in 2022:

  1. Singapore (354.0 kg)
  2. Germany (72.0 kg)
  3. India (48.0 kg)
  4. Bulgaria (39.0 kg)
  5. Netherlands (25.0 kg)
  6. Italy (24.0 kg)
  7. Taiwan (Chinese) (15.0 kg)
  8. France (13.0 kg)
  9. Greece (10.0 kg)

Source: IndexBox Market Intelligence Platform

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