Pakistan-Bangladesh trade volume to soon touch $1bn: envoy

[_NOBODY_]

I disagree with the notion that Pakistani market is too small for regular home electronics. Perhaps 30 or 40 years ago, many households in South Asia could have had trouble buying TVs without EMIs etc. But now the affordability of basic home electronics is not so bad. If you tell me that Pakistan is not a significant market for Tesla cars, then yes - I would have agreed with that likelihood.

It would be interesting if Pakistani members here can tell us what brand of home electronics is dominating their market. I'm guessing Chinese brands would find this market very lucrative.

I believe currently TCL is destroying everyone in Pakistan. However, there are both domestic and Chinese brands in Pakistani market that are much cheaper than TCL such as PEL. It's not uncommon to see 4k LEDs in Pakistani homes in fact a lot houses in Lahore have multiple 4k LEDs, right now I am talking strictly about middle class and upper middle class.

 

[Maula Jatt]

I believe currently TCL is destroying everyone in Pakistan. However, there are both domestic and Chinese brands in Pakistani market that are much cheaper than TCL such as PEL. It's not uncommon to see 4k LEDs in Pakistani homes in fact a lot houses in Lahore have multiple 4k LEDs, right now I am talking strictly about middle class and upper middle class.

Pel AC's were legendary, we baught one in early 90s
It's still working and that's it's 4 th home, third relative relative

 

[_NOBODY_]

Pel AC's were legendary, we baught one in early 90s
It's still working and that's it's 4 th home,3 relative

Pel still makes quality stuff especially considering the cost of their products.

 

[UKBengali]

I disagree with the notion that Pakistani market is too small for regular home electronics. Perhaps 30 or 40 years ago, many households in South Asia could have had trouble buying TVs without EMIs etc. But now the affordability of basic home electronics is not so bad. If you tell me that Pakistan is not a significant market for Tesla cars, then yes - I would have agreed with that likelihood.

It would be interesting if Pakistani members here can tell us what brand of home electronics is dominating their market. I'm guessing Chinese brands would find this market very lucrative.

Yes Pakistani market may be comparable to BD one now but BD is the domestic market and so much easier to sell there for BD companies than overseas like in Pakistan.

The important point that I have already highlighted is that it is barely growing and that is what BD companies would be interested in - there is little point fighting over a relatively small and static market. BD market may be small but it is growing rapidly unlike Pakistan's.

India is a much larger prize for BD both for it's size and its predicted high per capita growth.

BD does not need to balance trade with everyone and it should be fine to have a multi-billion dollar trade defict with Pakistan by importing lots of raw materials and foodstuffs from it.

 

[Wood]

I believe currently TCL is destroying everyone in Pakistan. However, there are both domestic and Chinese brands in Pakistani market that are much cheaper than TCL such as PEL. It's not uncommon to see 4k LEDs in Pakistani homes in fact a lot houses in Lahore have multiple 4k LEDs, right now I am talking strictly about middle class and upper middle class.

Does TCL assemble or manufacture TVs in Pakistan? If yes, then it is not so bad.

 

[_NOBODY_]

Does TCL assemble or manufacture TVs in Pakistan? If yes, then it is not so bad.

Yes, TCL does assemble its products in Pakistan. Samsung has also started making its LEDs in Pakistan.

 

[GOAT]

Dude, see how this started.

I just said that Pakistan will remain too poor for BD to push it's home electronics and pharma products to it and one of your countrymen put on a laugh "emoti" icon on the post.

It could become a big exporter for raw materials and foodstuffs to BD by 2030 as the BD market expands massively by then. That is a massive opportunity for Pakistan and displacing some of the exports from India at the same time.

Don't believe me then listen to ADB:

Bangladesh: Economy

The current and projected economic growth in Bangladesh, compared with other developing countries in South Asia.

www.adb.org

View attachment 854581


This is normal differential between BD and Pakistan we have seen for past 2 decades with a 4% difference per capita growth difference between the two countries. In 15 years BD relatively will grow its per capita twice that of Pakistan.

I think your economic analysis is fairly limited. BD’s businesses are better off targeting the consumer and business sectors of Pakistan which has a huge middle class with its goods and services. They will need to compete with other companies that already sell in the huge Pakistani market.

 

[UKBengali]

I think your economic analysis is fairly limited. BD’s businesses are better off targeting the consumer and business sectors of Pakistan which has a huge middle class with its goods and services. They will need to compete with other companies that already sell in the huge Pakistani market.

“Huge” with a per capita GDP PPP of only 6.5K?

Yes it may be a little larger than BD now but the difference is BD GDP per capita is growing around 3 times that of Pakistan’s.

Too small and static to bother with honestly for BD companies.

Like I say Pakistan has a good opportunity to sell billions of dollars of raw materials and foodstuffs each year into BD if they can target well.

 

[Bilal9]

What do you mean? You think majority of Pakistanis cannot even afford a TV or fridge? It is more likely the case that BD products cannot compete with tariff free imported Chinese goods in Pakistani market.

Pakistanis have thriving manufacturing of appliances, electronics and pharma themselves.

In fact their Pharma sector exports were lot higher than Bangladesh until very recently.

Bangladesh Pharma exports were $169 million in fiscal year 2020-21 while Pakistan was closer to $235 Million in 2020.

Long way to go (another three years at least to catch up) and Pakistani companies won't be sitting on their butts either.

https://trendeconomy.com/data/h2?commodity=30,TOTAL&reporter=Pakistan&trade_flow=Export,Import&partner=World&indicator=TV,YoY&time_period=2009,2010,2011,2012,2013,2014,2015,2016,2017,2018,2019,2020

 

[Black_cats]

“Huge” with a per capita GDP PPP of only 6.5K?

Yes it may be a little larger than BD now but the difference is BD GDP per capita is growing around 3 times that of Pakistan’s.

Too small and static to bother with honestly for BD companies.

Like I say Pakistan has a good opportunity to sell billions of dollars of raw materials and foodstuffs each year into BD if they can target well.

Pakistan has updated it’s GDP for the year on May, 2022 but for Bangladesh it will be done on July, 2022. So Bangladesh will still have higher per capita PPP. India do the up gradation on April. That’s why you will see the nominal per capita gdp is showing higher for India.

 

[UKBengali]

Pakistan has updated it’s GDP for the year on May, 2022 but for Bangladesh it will be done on July, 2022. So Bangladesh will still have higher per capita PPP. India do the up gradation on April. That’s why you will see the nominal per capita gdp is showing higher for India.

I meant Pakistani overall market size is a little larger than BD now.

 

[Bilal9]

I believe currently TCL is destroying everyone in Pakistan. However, there are both domestic and Chinese brands in Pakistani market that are much cheaper than TCL such as PEL. It's not uncommon to see 4k LEDs in Pakistani homes in fact a lot houses in Lahore have multiple 4k LEDs, right now I am talking strictly about middle class and upper middle class.

Yes 4K LED TVs are assembled locally by local mfrs. with imported panels.

Walton has offered them in Bangladesh for at least 4 years. Cheap at 1 lakh each.

Walton 55" 4K Smart TV (WE55RU20) Price & Full Specs - GETSVIEW

Walton 55" 4K Smart TV (WE55RU20) Price & Full Specs - Get the latest Walton TV price list in Bangladesh, with full specs, and more

www.getsview.com

Walton does make HD Panels locally and will start with 4K panels soon.

Walton also makes custom 8K TVs (75" diagonal) made with imported panels. They showed this in the industrial fair in Dhaka last winter.

Problem with 4K and 8K is content. The bandwidth locally in Bangladesh may support 8K in phones but TV's are another story.

 

[UKBengali]

@GOAT


Dude, this is the stark difference between BD and Pakistan in terms of where the respective home electronics markets are heading:


1. Pakistan

Consumer Electronics - Pakistan | Statista Market Forecast

The Consumer Electronics market in Pakistan is projected to grow by 2.18% (2024-2029) resulting in a market volume of US$7,696.0m in 2029.

www.statista.com

"

• Revenue in the Consumer Electronics market amounts to US$8,011.00m in 2022. The market is expected to grow annually by 2.32% (CAGR 2022-2026).
• The market's largest segment is the segment Telephony with a market volume of US$4,276.00m in 2022."

2. BD

Consumer Electronics - Bangladesh | Market Forecast

The Consumer Electronics market in Bangladesh is projected to grow by 6.82% (2024-2029) resulting in a market volume of US$13,500.0m in 2029.

www.statista.com

"

• Revenue in the Consumer Electronics market amounts to US$9,864.00m in 2022. The market is expected to grow annually by 7.92% (CAGR 2022-2026)
• The market's largest segment is the segment Telephony with a market volume of US$5,667.00m in 2022."

Even with a population 25% less than Pakistan it already has a 20% larger consumer-electronics market now - looks like my earlier estimate of the Pakistani market still being slightly larger was wrong.

However like I say it is the growth of around 8% in BD compared to 2% in Pakistan that means the two countries will divulge massively by 2030.


So according to this data Pakistan consumer market in 2030 may be be 9.6 billion US dollars but BD will be at 18.1 billion US dollars - around twice as large.


3. Let us bring India in as well:

Consumer Electronics - India | Statista Market Forecast

The Consumer Electronics market in India is projected to grow by 5.93% (2024-2029) resulting in a market volume of US$90.1bn in 2029.

www.statista.com

"

• Revenue in the Consumer Electronics market amounts to US$71,180.00m in 2022. The market is expected to grow annually by 5.76% (CAGR 2022-2026).

• The market's largest segment is the segment Telephony with a market volume of US$40,880.00m in 2022."

@Wood - India will have decent growth rate of around 6% with a market size around 7 times that of BD now. Little surprised but per capita BD beats not only Pakistan but India as well now.

Walton does make HD Panels locally and will start with 4K panels soon.

Walton already designs and manufactures its 4K panels. It has stopped importing them from China.

 

[UKBengali]

If we now look at household appliances(washing machine,refrigerators etc):


1. Pakistan(https://www.statista.com/outlook/cmo/household-appliances/pakistan)

• Revenue in the Household Appliances market amounts to US$7.03bn in 2022. The market is expected to grow annually by -1.05% (CAGR 2022-2027).

2. BD(https://www.statista.com/outlook/cmo/household-appliances/bangladesh)

• Revenue in the Household Appliances market amounts to US$10.01bn in 2022. The market is expected to grow annually by 5.09% (CAGR 2022-2027).

3. India(https://www.statista.com/outlook/cmo/household-appliances/india)

• Revenue in the Household Appliances market amounts to US$73.11bn in 2022. The market is expected to grow annually by 4.40% (CAGR 2022-2027).

Again BD is expected to show the fastest growth with Pakistan expected to shrink by 1% a year between now and 2027.

 

[KaiserX]

Wealth Inequality
Inequality is measured in terms of Gini index. It ranges from 0% for perfect equality (when everyone has the same wealth) to 100% for total inequality (when all of the wealth is owned by one person). On this scale, Pakistan’s Gini index is 52.6%, Bangladesh’s 57.9%, Sri Lanka’s 66.5%, Nepal’s 67.3%, China’s 78.9% and India's 83%.

Household Wealth
Here is per capita wealth data for India and Pakistan as of mid-2017, according to Credit Suisse Wealth Report 2017 released recently.
Pakistan average wealth per adult: $5,174 vs India $5,976.
Pakistan median wealth per adult: $3,338 vs India $1,295.
Average household wealth in Pakistan is $15,522 (3 adults) vs India $14,940 (2.5 adults).
Median household wealth in Pakistan is $10,014 (3 adults) vs India $3,237 (2.5 adults).
Pakistan Gini Index 52.6% vs India 83%​

Opinion

Median is a much better stat to look at vs average, since higher net worth individuals will push the average higher. Median will give a better idea of the majority of populace.

Where Are the World’s Fastest Roads?

blogs.imf.org

Pakistans infrastructure is far far better than both India/Bangladesh infrastructure. Our highways/railways/ports are world class. India makes sense as it is a larger country thus has more roads to build by area, but Bangladesh has no excuse for crap infrastructure being a teany tiny country barely seeable on the map

Yet somehow people believe the "average" bangladeshi or indian is richer than the average Pakistani