The report presents an in-depth assessment of the Bangladesh China Freight And Logistics Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Bangladesh China Freight And Logistics investments from 2021 till 2025.
Despite the absence of proper government regulations and policies along with inexperienced exporters and importers, the industry has gained more significance and managed to reach imported goods worth about USD 52.84 billion during the fiscal year 2017-18 and exported products worth about USD 36.67 billion, according to data from the Bangladesh Bank.
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The Bangladesh China Freight And Logistics market is highly competitive and consists of a number of major players. Top Companies like Bollor Logistics, DHL, Agility, 3i Logistics Group, A.H.Khan & Co, FedEx, Schenker Logistics (Bangladesh) Ltd, Tower Freight Logistics Ltd, MOL Logistics Co Ltd, United Parcel Service of America Inc, Nippon Express Bangladesh Ltd, Ceva Logistics, Blue Ocean Freight System Ltd, Asia Pacific Logistics
Scope of the Report
The country also generated more than 40,000 jobs directly during the past 30 years and become one of the crucial sectors that are contributing to the economic growth of the country. Kuwait based Agility Global Integrated Logistics’s “The Agility Emerging Markets Logistics Index (AEMLI)” 2018 considered Bangladesh as one of the 45 major emerging markets in the world. The Index evaluated the country’s logistics industry as highly progressive yet it mentioned that the country needs to address major challenges such as the need for improvements in infrastructure, and need for diversification to other manufacturing segments beyond the apparel sector and the need for improvements in its pharmaceutical, steel, shipbuilding, and food processing industries in order to record exponential market share in the future. The country also needs to focus on improving ways to strengthen its transport and logistics systems in order to meet the needs of its growing economy, to boost export growth. By emphasizing the logistics industry more efficiently Bangladesh can significantly boost export growth.
Key Market Trends
Shipping and Inland Water Freight Transport Occupies the Major Share of the Market
The logistics companies are providing freight transport services through sea, road, and air, and rail freight transport is yet to be introduced in Bangladesh. Owing to the growing congestion on roads which is limiting road freight transport, the shipping and inland water transport is scoring more market share. Chattogram port and Mongla port are the two dominant operational seaports of Bangladesh are playing a significant role in handling the country’s cargo movement with the former managing 90% of it. The market holds scope for grabbing more market share when the southwest coastal belt is utilized to its full potential which is capable of handling 70,000 TEUs a year but recorded a mere 26,952 TEUs only in fiscal 2016-17 which is 36% less from the previous year.
Strengthening its Warehousing Can Help the Bangladesh Market to Generate More Revenue
Bangladesh has slipped to the 100th position in World bank’s Logistics Performance Index (LPI) 2018 from an earlier 82nd position in 2016. The industry is still struggling to improve the performance compared to its neighboring country India which stood as the regional top and ranked 44th for the same year. the substantial decline in important avenues has made Bangladesh witness a downward trend in four indicators. Dhaka evolved as a central warehousing hub of the country with Chattogram has been the gateway for international trade, and is accounting for 90% of the export-import cargo and became the most important center for EXIM based warehousing. Dhaka and Chattogram jointly occupy 70% of the warehousing space of the country. Khulna, Barisal, Bogra, Rangpur, Cumilla are emerging as a storage destination for catering domestic consumption market.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Bangladesh China Freight And Logistics Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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