Bangladesh - Screwdrivers - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Bangladesh - Screwdrivers - Market Analysis, Forecast, Size, Trends And Insights

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Screwdriver Price in Bangladesh - 2022

Contents:

  1. Screwdriver Price in Bangladesh (CIF) - 2022
  2. Screwdriver Price in Bangladesh (FOB) - 2022
  3. Screwdriver Imports in Bangladesh
  4. Screwdriver Exports in Bangladesh

Screwdriver Price in Bangladesh (CIF) - 2022

The average screwdriver import price stood at $5,988 per ton in 2022, rising by 13% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, screwdriver import price increased by +36.2% against 2020 indices. The pace of growth appeared the most rapid in 2015 an increase of 65%. As a result, import price reached the peak level of $6,979 per ton. From 2016 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($11,430 per ton), while the price for China stood at $5,461 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.1%).

Screwdriver Price in Bangladesh (FOB) - 2022

In 2022, the average screwdriver export price amounted to $10,911 per ton, surging by 21% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 140%. Over the period under review, the average export prices reached the maximum at $12,192 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($75,053 per ton), while the average price for exports to Costa Rica ($2,344 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+54.8%), while the prices for the other major destinations experienced more modest paces of growth.

Screwdriver Imports in Bangladesh

In 2022, screwdriver imports into Bangladesh contracted to 440 tons, dropping by -11.6% on 2021 figures. Over the period under review, imports continue to indicate a mild decrease. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of 498 tons, and then fell in the following year.

In value terms, screwdriver imports reached $2.6M in 2022. The total import value increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Screwdriver in Bangladesh (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2.11.72.32.33.1%
Taiwan (Chinese)0.10.10.10.10.0%
Others0.10.10.20.226.0%
Total2.31.92.62.64.2%

Top Suppliers of Screwdriver to Bangladesh in 2022:

  1. China (418.8 tons)
  2. Taiwan (Chinese) (10.9 tons)

Screwdriver Exports in Bangladesh

For the fourth consecutive year, Bangladesh recorded growth in overseas shipments of screwdrivers, which increased by 11% to 953 kg in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 123% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, screwdriver exports surged to $10K in 2022. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 131%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Export of Screwdriver in Bangladesh (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ukraine84.01632,1551,867181.2%
Costa RicaN/AN/A1,3511,71627.0%
PolandN/AN/AN/A1,4260%
India12.070.01,5891,267372.6%
Germany2723161,4631,26767.0%
Canada64.0147833856137.4%
Slovakia384843114332-4.7%
Trinidad and TobagoN/A3,134N/AN/A0%
Kuwait1,277N/AN/AN/A0%
Others92.03842231,667162.7%
Total2,1855,0577,72810,39868.2%

Top Export Markets for Screwdriver from Bangladesh in 2022:

  1. Costa Rica (732.0 kg)
  2. Germany (56.0 kg)
  3. Ukraine (53.0 kg)
  4. India (32.0 kg)
  5. Canada (21.0 kg)
  6. Poland (19.0 kg)
  7. Slovakia (6.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the screwdriver 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.

Product coverage:

  • Prodcom 25733063 - Screwdrivers

Country coverage:

  • Bangladesh

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Bangladesh
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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