Bangladesh: Market for Yoghurt and Fermented Milk 2024

Market Size for Yoghurt and Fermented Milk in Bangladesh

The Bangladeshi yoghurt and fermented milk market stood at $X in 2022, surging by X% against the previous year. In general, consumption, however, continues to indicate a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Yoghurt and Fermented Milk in Bangladesh

In value terms, yoghurt and fermented milk production expanded notably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Yoghurt and fermented milk production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Yoghurt and Fermented Milk

Exports from Bangladesh

Yoghurt and fermented milk exports from Bangladesh reduced to X tons in 2022, dropping by X% compared with the year before. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, yoghurt and fermented milk exports shrank to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

India (X tons), the Philippines (X tons) and the United Arab Emirates (X tons) were the main destinations of yoghurt and fermented milk exports from Bangladesh, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), the Philippines ($X) and Singapore ($X) appeared to be the largest markets for yoghurt and fermented milk exported from Bangladesh worldwide, together accounting for X% of total exports.

India, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average yoghurt and fermented milk export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price recorded a perceptible increase. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the United Arab Emirates ($X 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 Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Yoghurt and Fermented Milk

Imports into Bangladesh

After two years of growth, overseas purchases of yoghurt and fermented milk decreased by X% to X tons in 2022. Overall, imports continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, yoghurt and fermented milk imports contracted sharply to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Switzerland (X tons) were the main suppliers of yoghurt and fermented milk imports to Bangladesh, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of yoghurt and fermented milk to Bangladesh, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average yoghurt and fermented milk import price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, yoghurt and fermented milk import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2020; afterwards, it flattened through to 2022.

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 Taiwan (Chinese) ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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