Ceiling Fan Prices Surge Ahead of Summer

Even though the month of Falgun has not yet witnessed peak temperatures, the market for electric ceiling fans has already begun to feel the heat. A survey of electronic shops in Dhaka’s Karwan Bazar, National Stadium Market, and Baitul Mokarram areas reveals that prices for ceiling fans have risen by 400 to 700 taka per unit, depending on the brand. Retailers fear that if summer temperatures climb sharply, prices may escalate further.

According to shopkeepers, manufacturers have adjusted prices preemptively, citing increases in international copper and brass costs. Normally, seasonal price rises amount to 100–150 taka per unit, but this year’s increase is notably higher. Manufacturers attribute the surge primarily to rising raw material and component costs. Copper used in motors has risen by approximately 15 per cent, while wire prices have surged by nearly 25 per cent. Aluminium-based materials have also increased by 20–25 per cent.

Comparative Retail Prices

The following table illustrates the previous and current retail prices of several popular ceiling fan brands:

Industry sources note that fans priced between 1,800 and 3,500 taka are the most popular. Domestic brands are currently the preferred choice, as imported fans typically cost over 6,000 taka, placing them beyond the reach of most consumers.

Production and Market Overview

Currently, 70–80 per cent of ceiling fans sold in the country are domestically manufactured. Leading brands include Jamuna, RFL, Walton, BRB, Konka, and Energypack. Industry insiders estimate the annual demand for ceiling fans at 5–6 million units. With an average retail price of roughly 2,500 taka, the domestic ceiling fan market is valued between 12.5 and 15 billion taka. Including table, stand, wall, and rechargeable fan variants, the total market size exceeds 20 billion taka. The sector has been experiencing annual growth of 10–15 per cent.

Consumer Impact

The price hike is affecting everyday buyers. Recently, a shopper at Karwan Bazar, unable to find a preferred fan under 2,000 taka, purchased a less popular brand for 2,100 taka. While he expressed dissatisfaction with the rising prices, he had little choice but to proceed with the purchase.

Analysts warn that continued volatility in international raw material costs and currency markets could put further pressure on ceiling fan prices in the upcoming summer. Nevertheless, manufacturers remain optimistic, believing that the moderate price increases will not significantly impact overall sales.