The Bangladeshi market for pulley tackle and hoists powered by an electric motor dropped dramatically to $X in 2021, declining 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). Over the period under review, consumption, however, posted a remarkable increase. Consumption of peaked at $X in 2020, and then declined sharply in the following year.
In 2021, overseas shipments of electric motor-driven pulley blocks and cranes decreased by X% to less than X units, the second consecutive year of decline after two years of decline. Exports showed strong growth during the reporting period. In 2019, the export volume reached the peak of X units; however, from 2020 to 2021, the export value decreased.
In terms of value, 2021 exports of electric pulley blocks and cranes have dropped significantly to less than $X. Overall, exports are facing a sharp contraction. In 2015, exports peaked at $X; however, from 2016 to 2021, exports failed to regain momentum.
Japan (X units) is the main export destination of Bangladesh's motor-driven pulley blocks and cranes, accounting for about X% of the total exports.
From 2012 to 2019, the average annual growth rate for Japan was relatively modest.
From 2012 to 2019, the average annual growth rate was relatively modest in Japanese values.
In 2021, the number of pulley blocks and cranes driven by electric motors imported to Bangladesh will be drastically reduced to X units, which is -X% less than the previous year. However, imports grew strongly during the reporting period. 2018 saw the fastest growth, with an increase of X% compared to the previous year. Imports peaked in 2020 at X units before shrinking sharply the following year.
In terms of value, in 2021, the import of electric pulley blocks and cranes shrinks to X US dollars. Overall, however, imports have grown substantially. The growth rate was most notable in 2015, with an increase of X% compared to the previous year. During the reporting period, imports from China peaked at a value of $X in 2020, before declining slightly the following year.
China (X units), Netherlands (X units) and India (X units) are the major suppliers of electric pulley blocks and cranes imported to Bangladesh, together accounting for X% of the total imports.
From 2012 to 2021, the largest increase will be in the Netherlands (+X% CAGR), while the other leaders will have a more moderate pace of procurement growth.
Netherlands (X USD), China (X USD) and India (X USD), respectively, are the largest pulley blocks and cranes in Bangladesh, powered by motor suppliers, by value and together account for X% of total imports. In terms of major suppliers For example, the Netherlands, with a CAGR of +X%, recorded the highest growth rate in import value during the reporting period, while other countries recorded slower growth in purchases.
In value terms, the largest pulley tackle and hoists powered by an electric motor suppliers to Bangladesh were the Netherlands, China and India, with a combined 81% share of total imports.
In 2019, the average export price for pulley tackle and hoists powered by an electric motor amounted to $23 per unit, flattening at the previous year.
In 2021, the average import price for pulley tackle and hoists powered by an electric motor amounted to $216 per unit, jumping by 133% against the previous year.
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