From January to June 2021, the trade volume between China and Bangladesh was US$11.18 billion, a year-on-year increase of 61.0%. Among them, China's exports to Bangladesh were US$10.66 billion, a year-on-year increase of 62.1%; imports from Bangladesh were US$520 million, a year-on-year increase of 42.3%.
From January to June 2021, the contract value of projects signed by Chinese companies in Bangladesh was US$920 million, a year-on-year decrease of 88.6%; the completed turnover was US$2.68 billion, a year-on-year increase of 53.1%.
China and Bangladesh have good economic and trade exchanges, and Bangladesh's development in all aspects is inseparable from a good external investment environment. From the data point of view, Bangladesh's infrastructure construction has been adjusted due to the impact of COVID-19, but overall it still has a positive side. As a crane supplier with many years of crane service experience in Bangladesh, Dongqi Crane has been committed to studying the social and economic structure of Bangladesh and how to better open the Bangladesh crane market. This article will analyze the changes in the Bangladesh crane market in 2022 from the import and export data of Bangladesh overhead cranes
Before we start discussing the aerial crane market in Bangladesh, we have a few small questions that need to be answered first. Let’s take a look
The Bangladesh Overhead Crane Market has edged down to $X in 2020, down -X% from the previous year. Overall, however, consumption continued to show a sharp decline. The most significant growth rate occurred in 2014, which was an X% increase compared to the previous year. Consumption of overhead cranes peaked at $X in 2007; however, from 2008 to 2020, consumption has remained low.
In value terms, 2020 overhead crane production rose significantly to $X (estimated at export prices). However, during the review period, production suddenly dropped. During the period under review, production peaked at $X in 2007; however, from 2008 to 2020, production remained low.
In 2020, Bangladesh exported X units of fixed support overhead cranes, which was the same as the previous year. During the period under review, exports declined sharply. During the period under review, exports reached a maximum of X units in 2010; however, from 2011 to 2020, the export figures were slightly lower. Overhead crane exports in 2020 are X dollars by value. Overall, there was a sudden drop in exports. Exports peaked at $X in 2010; however, from 2011 to 2020, export figures were slightly lower.
China (X units) is the main destination for Bangladeshi bridge crane exports, accounting for about 100%. X% of total exports. From 2007 to 2016, the average annual growth rate of exports to China was relatively modest. From 2007 to 2016, the average annual growth rate of value to China was relatively modest.
In 2020, foreign supply of fixed-support overhead cranes fell -X% to X units for the first time since 2015, ending a four-year upward trend. Overall, however, imports showed significant growth. The most significant growth rate occurred in 2014, which was an X% increase compared to the previous year. Imports peaked at X units in 2019 before shrinking rapidly the following year. Overhead crane imports fell sharply to $X in 2020 by value. But overall, imports have grown significantly. 2014 saw the fastest growth, with imports increasing by X% year-on-year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports remained low.
In 2020, India (X units) was the largest supplier of overhead cranes to Bangladesh, accounting for X% of total imports. In addition, the number of overhead cranes imported from India is four times higher than the number recorded by the second largest supplier, China (X units). In third place in this ranking is Singapura (X units) with an X% share. From 2007 to 2020, the average annual growth rate of sales from India totaled +X%. The average annual growth rates of imports for the remaining suppliers are as follows: China (+X% per annum) and Singapore (+X% per annum). By value, Bangladesh's largest suppliers of overhead cranes are India ($X), China ($X) and Russia ($X), accounting for X% of total imports. Among the major suppliers, China experienced the highest growth in import value during the period under review, while other leaders saw more modest growth in purchases.
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