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Mobile prices trend: The mobile phone market in Bangladesh has undergone tremendous changes over the past few years. While the demand for mobile phones has been on the rise, the mobile phone market has been on a slight decline. A look into the trends in mobile prices in BD also reveals quite a dynamic market responsive to new gadgets and customer demands.
Mobile Phone Market Size
The mobile phone market in Bangladesh went on a slight decline in the aftermath of the pandemic. While a strong consumption rate was recorded between 2012 and 2021, a decline was noted after 2022. Nonetheless, the value of the market increased at an average annual rate of 6.1%, in a trend that indicated noticeable fluctuation in the years that followed.
As the market fluctuated post-pandemic period, so did the price of mobile phones in Bangladesh. In fact, mobile phone price in Bangladesh has undergone the highest rate of fluctuations during the last two years. Generally, phone consumption has progressively increased since 2021. However, no steady trend has been observed in mobile prices.
What Statistics Show
The price of mobile phones in BD is not cast in stone, and neither is it too dynamic. The major driver of the price is the market conditions and changes in demands for specific brands. A review of the smartphones market in Bangladesh reveals the following:
- Smartphone segment revenue amounts to US$5.86bn (BDT 622 bn) in 2023, with the market expected to grow by 8.23% (CAGR 2023-2028) annually.
- The global comparison indicates that most revenue in Bangladesh is generated in China (US$119.20bn in 2023).
- The average volume per person in the Bangladesh Smartphones segment is expected to amount to 0.14 pieces in 2023.
- In the Smartphone segment, the sell volume is expected to amount to 29.26m pieces by 2028, and a volume growth rate of 7.3% in 2024.
Making a Choice
When buying a phone in Bangladesh, the major consideration is usually the price. Other factors such as key features are important, but the ultimate decision will depend on the price. While there is no fixed price to look for, the trends in prices can help you make a better choice.
Mobile phone customers have three main price ranges to choose from. This includes the low-priced, medium-priced, and premium phones. With premium phones, you get the best features in the market and the most functional phones. They include phones such as Apple iPhone 14 Pro Max, Samsung Galaxy S23 Ultra, Google Pixel 7 Pro, Asus Zenfone 9, and Sony Xperia 1 IV. However, expect to spend at least BDT 70,000 on any of the phones in this category.
If you are working on a budget and looking for low-cost phones, you have a wide range of options to choose from. A good number of mobile phones in Bangladesh cost less than BDT 10,000 while still offering great though basic features. However, if you are looking for a great balance between budget and advanced features, consider mid-range phones. With a budget of between BDT 20,000 and BDT 50,000, you are guaranteed a great phone with all the necessary features.
Looking for your ideal mobile phone in BD? Stay up to date with Beshijoss to read the latest mobile phone news in BD.
