In 2020, the Bangladesh crane market fell -X% to X dollars, falling for the second consecutive year after three years of growth. Overall, however, consumption showed strong growth. In 2010, the growth rate was the fastest, and the market value increased by X% year-on-year. During the period under review, the market peaked at $X in 2018; however, consumption has remained low from 2019 to 2020.
Bangladesh crane export scale
In 2020, Bangladesh’s crane exports soared to X units, an increase of X% year-on-year. Overall, exports have grown substantially. The most significant growth rate occurred in 2013, which was an X% increase compared to the previous year. Exports peaked in 2020 and are expected to keep growing in the short term.
Crane exports surged to $X in 2020 by value. Overall, exports have grown significantly. As a result, exports peaked and may continue to grow in the short term.
The United Arab Emirates (unit X), the Philippines (unit X) and India (unit X) were the main destinations for Bangladeshi crane exports, together accounting for X% of total exports. This is followed by China and Singapore, which further increased shipments by a factor of X from 2007 to 2020, with the most significant growth rate among major destination countries being China ( + X% per annum), while other leaders saw more modest growth rates in their exports.
The largest markets for Bangladeshi crane exports by value are India ($X), the United Arab Emirates ($X) and the Philippines ($X), which together account for X% of total exports.
In terms of major destination countries, the Philippines had the highest export value growth rate during the period under review, while other leaders had more moderate export growth rates.
Bangladesh Crane Import Scale
In 2020, Bangladesh’s imports of cranes, mobile crane frames rapidly contracted to X units, a -X% decrease from 2019. Strong expansion. The most significant growth rate occurred in 2010, with an X% year-on-year increase. During the period under review, imports reached a maximum of X units in 2014; however, from 2015 to 2020, imports decreased slightly.
Crane imports fell sharply to $X in 2020 by value. But overall, imports showed strong growth. The growth rate was most pronounced in 2010, when imports increased by X% year-on-year. Imports peaked at $X in 2018; however, imports declined slightly from 2019 to 2020.
In 2020, Saudi Arabia (X units) was the largest crane supplier to Bangladesh, accounting for X% of total imports. In addition, the number of cranes imported from Saudi Arabia exceeded the number recorded by the second largest supplier, Indonesia (X units) by more than ten times. Germany (X units) ranks third in terms of total imports with an X% share.
From 2007 to 2020, Saudi Arabia’s export volume has grown at an average annual rate of +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Indonesia (+X% per annum) and Germany (X% per annum).
China (USD X) is Bangladesh’s largest crane supplier by value, accounting for X% of total imports. In second place is Poland ($X) with X% of total imports. It is followed by India with an X% share.
From 2007 to 2020, the average annual growth rate of value from China is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Poland (+X% per annum) and India (+X% per annum).
Statistics of various crane suppliers in Bangladesh
China is Bangladesh’s largest crane supplier by value, accounting for 46% of total imports. In second place was Poland, which accounted for 6.9% of total imports. It is followed by India with a share of 6.4%.
The biggest markets for Bangladeshi crane exports by value are India, the United Arab Emirates and the Philippines, which together account for 97% of total exports.
In 2020, the average export price of cranes was USD 38,026 per unit, a decrease of -21.3% from the previous year.
The average price of crane imports in 2020 was US$314,207 per unit, down -47.3% from the previous year.
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