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Oct 18, 2024

Bangladesh's Ball Bearing Market Report 2024 - Prices, Size, Forecast, and Companies

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. The Bangladeshi ball bearing market was estimated at $X in 2023, picking up by X% against the

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

The Bangladeshi ball bearing market was estimated at $X in 2023, picking up 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). In general, consumption showed a strong increase. Over the period under review, the market reached the maximum level in 2023 and is expected to retain growth in the immediate term.

In 2023, the amount of ball bearings exported from Bangladesh dropped remarkably to X kg, shrinking by X% against 2022 figures. Overall, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The Bangladesh exports peaked at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, ball bearing exports soared to $X in 2023. In general, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

China represented the key exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Japan (X tons), Germany (X tons) and Italy (X tons), together committing a X% share of total exports. South Korea (X tons), the Netherlands (X tons), France (X tons), Poland (X tons), Thailand (X tons), the United States (X tons), Singapore (X tons) and Slovakia (X tons) held a relatively small share of total exports.

China was also the fastest-growing in terms of the ball bearings exports, with a CAGR of X% from 2012 to 2023. At the same time, Thailand (X%), the Netherlands (X%), Poland (X%) and South Korea (X%) displayed positive paces of growth. Italy, Germany and Japan experienced a relatively flat trend pattern. By contrast, France (X%), Slovakia (X%), Singapore (X%) and the United States (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Slovakia (X p.p.), Italy (X p.p.), France (X p.p.), Germany (X p.p.), the United States (X p.p.), Singapore (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Italy, the United States, France, the Netherlands, Thailand, South Korea, Poland, Singapore and Slovakia lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

The export price in Bangladesh stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the export price enjoyed a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other leaders experienced more modest paces of growth.

Ball bearing imports into Bangladesh rose notably to X tons in 2023, with an increase of X% compared with the previous year. In general, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, ball bearing imports amounted to $X in 2023. Over the period under review, imports posted a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Bangladesh imports peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In 2023, Germany (X tons), followed by the United States (X tons), China (X tons) and Mexico (X tons) were the largest importers of ball bearings, together committing X% of total imports. The following importers - Italy (X tons), the Netherlands (X tons), Brazil (X tons), France (X tons), Indonesia (X tons), South Korea (X tons), Japan (X tons), Turkey (X tons) and Spain (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the United States ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Mexico, Italy, France, the Netherlands, Japan, South Korea, Brazil, Turkey, Indonesia and Spain lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

In 2023, the import price in Bangladesh amounted to $X per ton, declining by X% against the previous year. In general, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the ball bearing market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

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