Bovine Animals; Live Price in Bangladesh - 2022
Contents:
Bovine Animals; Live Price in Bangladesh (CIF) - 2022
The average bovine animals; live import price stood at $1,575 per unit in 2022, standing approx. at the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bovine animals; live import price decreased by -20.5% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 44% against the previous year. Over the period under review, average import prices attained the peak figure at $1,981 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,758 per unit), while the price for Brazil ($3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Bovine Animals; Live Imports in Bangladesh
In 2022, imports of bovine animals; lives into Bangladesh expanded modestly to 44 units, with an increase of 4.8% compared with 2021 figures. The total import volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 10% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, bovine animals; live imports rose significantly to $69K in 2022. In general, imports, however, saw a noticeable shrinkage. Imports peaked at $77K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Bovine Animals; Live in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 5.6 | 67.0 | 57.1 | 60.4 | 120.9% |
| United States | 0.4 | 5.9 | 8.3 | 8.8 | 180.2% |
| South Africa | N/A | 0.2 | 0.1 | 0.1 | -29.3% |
| Myanmar | 71.2 | N/A | N/A | N/A | 0% |
| Brazil | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 77.3 | 73.1 | 65.5 | 69.3 | -3.6% |
Top Suppliers of Bovine Animals; Live to Bangladesh in 2022:
- Australia (37.0 units)
- United States (5.0 units)
- Brazil (1.0 units)
- South Africa (1.0 units)
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