Price for Food Preparations Not Elsewhere Specified or Included in Bangladesh - 2022
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Bangladesh (CIF) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in Bangladesh (FOB) - 2022
- Imports of Food Preparations Not Elsewhere Specified or Included in Bangladesh
- Exports of Food Preparations Not Elsewhere Specified or Included in Bangladesh
Price for Food Preparations Not Elsewhere Specified or Included in Bangladesh (CIF) - 2022
In 2022, the average import price for food preparations not elsewhere specified or included amounted to $4,471 per ton, with a decrease of -10.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2021 an increase of 34% against the previous year. As a result, import price reached the peak level of $4,978 per ton, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($15,772 per ton), while the price for South Korea ($1,515 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Bangladesh (FOB) - 2022
In 2022, the average export price for food preparations not elsewhere specified or included amounted to $4,627 per ton, which is down by -7.1% against the previous year. Overall, the export price, however, recorded a resilient expansion. The growth pace was the most rapid in 2018 an increase of 163% against the previous year. Over the period under review, the average export prices attained the maximum at $4,978 per ton in 2021, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($10,843 per ton), while the average price for exports to Jamaica ($535 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in Bangladesh
After three years of growth, purchases abroad of food preparations not elsewhere specified or included decreased by -18.3% to 21K tons in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +9.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 60%. As a result, imports attained the peak of 25K tons, and then shrank remarkably in the following year.
In value terms, imports of food preparations not elsewhere specified or included contracted dramatically to $93M in 2022. Overall, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 114% against the previous year. As a result, imports reached the peak of $126M, and then dropped notably in the following year.
| Import of Food Preparations Not Elsewhere Specified or Included in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 20.0 | 16.7 | 29.7 | 22.6 | 4.2% |
| China | 9.4 | 8.7 | 9.7 | 6.6 | -11.1% |
| India | 5.1 | 4.6 | 6.3 | 6.5 | 8.4% |
| Germany | 0.7 | 1.8 | 1.2 | 3.7 | 74.2% |
| Malaysia | 2.0 | 2.1 | 3.5 | 2.4 | 6.3% |
| Thailand | 2.3 | 2.5 | 3.1 | 2.2 | -1.5% |
| United Arab Emirates | 2.3 | 2.8 | 3.9 | 1.8 | -7.8% |
| United States | 2.7 | 1.1 | 3.3 | 1.6 | -16.0% |
| Poland | 0.4 | 0.3 | 3.4 | 1.3 | 48.1% |
| Bahrain | 1.5 | 1.5 | 1.6 | 1.2 | -7.2% |
| Netherlands | 1.4 | 1.6 | 1.8 | 1.2 | -5.0% |
| France | 2.5 | 1.4 | 2.4 | 1.2 | -21.7% |
| South Korea | 0.7 | 1.2 | 1.3 | 0.4 | -17.0% |
| Others | 13.5 | 13.1 | 55.3 | 39.9 | 43.5% |
| Total | 64.3 | 59.2 | 126 | 92.8 | 13.0% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Bangladesh in 2022:
- China (3.3K tons)
- India (2.0K tons)
- Singapore (1.4K tons)
- Thailand (1.4K tons)
- Malaysia (1.2K tons)
- Germany (1.1K tons)
- Bahrain (0.8K tons)
- United Arab Emirates (0.6K tons)
- Poland (0.5K tons)
- Netherlands (0.4K tons)
- South Korea (0.3K tons)
- France (0.2K tons)
- United States (0.1K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Bangladesh
In 2022, approx. 1.1K tons of food preparations not elsewhere specified or included were exported from Bangladesh; reducing by -16.7% against 2021 figures. Over the period under review, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 65%.
In value terms, exports of food preparations not elsewhere specified or included contracted dramatically to $5M in 2022. Overall, total exports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 83% against the previous year. As a result, the exports reached the peak of $6.4M, and then declined dramatically in the following year.
| Export of Food Preparations Not Elsewhere Specified or Included in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 161 | 297 | 493 | 658 | 59.9% |
| Myanmar | 542 | 715 | 931 | 617 | 4.4% |
| Burundi | 82.2 | N/A | 39.0 | 265 | 47.7% |
| Australia | 57.0 | 123 | 128 | 176 | 45.6% |
| Maldives | 219 | N/A | 144 | 161 | -9.7% |
| Kenya | N/A | 65.4 | 190 | 103 | 25.5% |
| Singapore | 28.5 | 17.1 | 32.7 | 95.7 | 49.7% |
| United Kingdom | 960 | 157 | 94.6 | 90.7 | -54.5% |
| New Zealand | 20.8 | 17.1 | 65.2 | 68.4 | 48.7% |
| Malaysia | 11.1 | 30.3 | 16.3 | 53.6 | 69.0% |
| Jamaica | N/A | 17.0 | 26.4 | 53.0 | 76.6% |
| India | 76.8 | 8.5 | 42.6 | 40.8 | -19.0% |
| United Arab Emirates | 8.6 | 9.5 | 30.2 | 37.5 | 63.4% |
| Others | 2,425 | 2,065 | 4,197 | 2,557 | 1.8% |
| Total | 4,592 | 3,522 | 6,431 | 4,976 | 2.7% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Bangladesh in 2022:
- United States (156.6 tons)
- Jamaica (99.1 tons)
- Australia (95.4 tons)
- Maldives (67.1 tons)
- Myanmar (56.9 tons)
- Singapore (56.5 tons)
- Burundi (48.0 tons)
- New Zealand (46.0 tons)
- United Arab Emirates (27.2 tons)
- United Kingdom (26.9 tons)
- Malaysia (23.1 tons)
- India (22.4 tons)
- Kenya (18.7 tons)
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