Bangladesh's smartphone shipments declined 23% YoY in 2022

Emmanuel Oyedeji -

Bangladesh’s smartphone shipments declined 23% YoY in 2022, according to the latest research from Counterpoint.

The market intelligence group highlighted, weak consumer demand, rising inflation, global supply chain disruptions, increased import duties and newly imposed value-added tax (VAT) as the prime reasons for the decline.

Looking at the Techloy chart below, Xiaomi reached its highest-ever shipments in 2022  almost doubling its volume in 2021 to become the number 1 smartphone brand for the first time. Samsung's market share shrunk from 18% in the previous year to 13% in 2022 slipping to second place behind Xiaomi.