Ceramic Insulating Fittings Market in Bangladesh
Market Overview
In 
, the Bangladeshi ceramic insulating fittings market decreased by -% to $ for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption enjoyed a buoyant expansion. Ceramic insulating fittings consumption peaked at $ in , and then fell modestly in the following year.
, the Bangladeshi ceramic insulating fittings market decreased by -% to $ for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption enjoyed a buoyant expansion. Ceramic insulating fittings consumption peaked at $ in , and then fell modestly in the following year.Consumption
In , consumption of insulating fittings for electrical purposes of ceramics increased by % to units, rising for the fourth year in a row after two years of decline. Overall, consumption recorded a significant increase. Over the period under review, consumption reached the maximum volume in and is expected to retain growth in the near future.
The size of the ceramic insulating fittings market in Bangladesh dropped modestly to $ in , with a decrease of -% 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 posted a strong expansion. Ceramic insulating fittings consumption peaked at $ in , and then reduced slightly in the following year.
, consumption of insulating fittings for electrical purposes of ceramics increased by % to units, rising for the fourth year in a row after two years of decline. Overall, consumption recorded a significant increase. Over the period under review, consumption reached the maximum volume in and is expected to retain growth in the near future.The size of the ceramic insulating fittings market in Bangladesh dropped modestly to $
in , with a decrease of -% 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 posted a strong expansion. Ceramic insulating fittings consumption peaked at $ in , and then reduced slightly in the following year.Market Forecast
The ceramic insulating fittings market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to units by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the eight-year period from to , which is projected to depress the market volume to units by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Ceramic insulating fittings market in Bangladesh consists almost entirely of imported products.
Trade Balance
Bangladesh remains a net importer of ceramic insulating fittings; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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