Bangladesh Transport and Overhead Cranes Market to Soar to X Dollars in 2021, Up X% from the Previous Year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailer profits, which will be included in the final consumer price). Overall, consumption has grown significantly. Consumption of transport and overhead cranes peaked at $X in 2019; however, consumption has remained low from 2020 to 2021.
Overseas shipments of haulage cranes, gantry cranes and overhead cranes increased by X% to X units in 2021, increasing for the fourth consecutive year after three consecutive years of declines. During the period under review, exports expanded elastically. The most significant growth rate will be in 2020, with a year-on-year growth of X%. Exports peaked in 2021 and are likely to continue to grow in the coming years.
In value terms, transport and overhead crane exports fell slightly to $X in 2021. Overall, 5 ton overhead crane exports showed a relatively stable trend pattern. The fastest growth in 2018, with exports up X% year-on-year. Exports peaked at $X in 2014; however, from 2015 to 2021, exports have remained low.
Singapore (X units) is the main destination for Bangladeshi transport and overhead crane exports, accounting for about X% of total exports. From 2012 to 2021, the average annual growth rate of cargo traffic in Singapore totals +X%.
In value terms, Singapore (USD X) remains the leading foreign market for Bangladesh's transport and overhead crane exports. Average annual growth in value to Singapore from 2012 to 2021 totals -X%.
In 2021, the number of transport cranes, gantry cranes and overhead cranes imported by Bangladesh has soared to X units, an increase of X% over the previous year. Overall, imports continued to grow significantly. Therefore, imports have peaked and may continue to grow in the short term.
Imports of transport and overhead cranes soar to $X by value in 2021. Overall, imports have increased significantly. The most significant growth rate was recorded in 2018, with a year-on-year increase of X%. As a result, imports peaked at X dollars. Import growth will remain low in 2019-2021.
In 2021, the United Arab Emirates (X units) is the largest supplier of transport and overhead cranes to Bangladesh, accounting for X% of total imports. Furthermore, the import of transport and overhead cranes from the United Arab Emirates was three times higher than the number recorded by the second largest supplier, India (X units).
From 2012 to 2021, the average annual growth rate in the United Arab Emirates is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: India (+X% per annum) and China (-X% per annum).
China (USD X) is the largest supplier of transport and overhead cranes to Bangladesh by value, accounting for X% of total imports. In second place is India ($X) with X% of total imports.
From 2012 to 2021, the average annual growth rate of value from China reaches +X%. The average annual growth rates of imports for the remaining suppliers are as follows: India (+X% per annum) and the United Arab Emirates (+X% per annum).
China is Bangladesh's largest supplier of transport and overhead cranes by value, accounting for 68% of total imports. In second place was India, which accounted for 2.9% of total imports.
In terms of value, Singapore remains the main foreign market for Bangladesh's transport and overhead crane exports.
The average export price for transport and overhead cranes in 2021 is $2,273 per unit, down -8.7% from the previous year.
In 2021, the average import price of transport and overhead cranes is $5,857 per unit, down -29.9% from the previous year.
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