Price for Frozen Boneless Cuts of Bovine Meat in Bangladesh - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Bangladesh (CIF) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Bangladesh (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Bangladesh
- Exports of Frozen Boneless Cuts of Bovine Meat in Bangladesh
Price for Frozen Boneless Cuts of Bovine Meat in Bangladesh (CIF) - 2022
In 2022, the average import price for frozen boneless cuts of bovine meat amounted to $2,376 per ton, reducing by -12.6% against the previous year. In general, the import price, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 51%. Over the period under review, average import prices hit record highs at $5,154 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +19.5% per year.
Price for Frozen Boneless Cuts of Bovine Meat in Bangladesh (FOB) - 2022
In 2022, the average export price for frozen boneless cuts of bovine meat amounted to $9,597 per ton, picking up by 4% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for frozen boneless cuts of bovine meat increased by +25.4% against 2018 indices. The growth pace was the most rapid in 2021 when the average export price increased by 31% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +4.6% per year.
Imports of Frozen Boneless Cuts of Bovine Meat in Bangladesh
In 2022, approx. 9K tons of frozen boneless cuts of bovine meat were imported into Bangladesh; surging by 15% compared with the year before. The total import volume increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 18%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of frozen boneless cuts of bovine meat reached $21M in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Frozen Boneless Cuts of Bovine Meat in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 12.8 | 14.6 | 17.6 | 20.4 | 16.8% |
| Others | 6.2 | 6.7 | 3.7 | 1.1 | -43.8% |
| Total | 18.9 | 21.2 | 21.3 | 21.4 | 4.2% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Bangladesh in 2022:
- India (7.2K tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Bangladesh
In 2022, overseas shipments of frozen boneless cuts of bovine meat were finally on the rise to reach 5.4 tons after two years of decline. Over the period under review, exports, however, continue to indicate a deep downturn.
In value terms, exports of frozen boneless cuts of bovine meat soared to $52K in 2022. Overall, exports, however, saw a slight decrease.
| Export of Frozen Boneless Cuts of Bovine Meat in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 53.0 | 41.7 | 28.4 | 35.1 | -12.8% |
| Others | 1.9 | N/A | N/A | 16.9 | 107.2% |
| Total | 55.0 | 41.7 | 28.4 | 51.9 | -1.9% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Bangladesh in 2022:
- Maldives (4.5 tons)
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