Bangladesh - Rice - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThe Rice Market in Bangladesh to Rise Modestly
IndexBox has just published a new report "Bangladesh: Rice - Market Report. Analysis And Forecast To 2025". Here is a summary of the report's key findings.
The Consumption of Rice in Bangladesh Remains Stable
In wholesale prices, the Bangladesh rice market earned total revenues of $X in 2016, which was significantly lower than the highest level of consumption achieved in 2014. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). According to IndexBox estimates, in 2015 the market contracted by -X%, stabilizing over the next year.
In physical terms, Bangladesh rice consumption decreased by -X% in 2016, amounting to X tons (this figure was calculated in terms of milled rice weight). As rice remains a key staple food in the Asian diet, the volume of consumption remained relatively stable, with only mild fluctuations over the period under review.
Rice Consumption Is Expected to Exceed X Tons by the End of 2025
Rice constitutes a traditional product staple in the daily diet of the local population, therefore any significant changes in the current rice consumption trend are not projected. Driven by Bangladesh population growth, government agricultural programs, state subsidies, the application of water and other resource management technologies, and the mechanization of rice cultivation, the rice market as a whole is expected to continue an upward production and consumption trend over the next nine years. Market performance is forecast to rise modestly but steadily, with an anticipated CAGR of +X% for the nine-year period from 2016 to 2025, which is expected to lead the market to a volume of X tons by the end of 2025.
The Rice Production Volume Remained Stable
Rice production in Bangladesh remained stable, at X tons of paddy rice in 2016. There was a steady growth with an annual average rate of growth of +X% from 2007 to 2016. The production value in 2016 increased to $X USD after falling by X% in 2015 due to a reduction in producer prices. This figure was $X (or -X%) less than the peak level observed in 2013.
The Bangladesh Rice Market Is Almost Entirely Buoyed by Domestic Production
The Bangladesh rice market is almost fully supplied by the country's own domestic production. The share of imports in consumption did not exceed X% in physical terms over the period under review. In addition, in 2016, the share of imports in consumption was X% in physical terms.
In value terms, the share of imports increased significantly in certain years, but in 2016 did not exceed X%. Despite import growth being observed in certain years, imported rice accounts for a very small share of the market, in comparison with domestic products.
The U.S., the Maldives and Italy Were the Main Export Destinations for Bangladesh Rice
Bangladesh exported X tons of rice in 2016, which accounted for X% of Bangladesh rice cultivation. Thus, Bangladesh rice exports remained negligible over the period under review.
In 2016, the main destinations for Bangladesh rice exports were the U.S. (X%), the Maldives (X%) and Italy (X%). The U.S. had the highest annual average rate of growth in terms of imports (+X%) amongst the leaders from 2007 to 2016. The share exported to the U.S. (+X percentage points) increased, while the share sent to Italy decreased. significantly (-X percentage points).
India Was the Main Supplier of Rice into Bangladesh
The volume of rice imports into Bangladesh remained relatively insignificant: Bangladesh boasts a stable volume of rice production that is sufficient to satisfy domestic consumption. The volume of Bangladesh rice imports totaled X tons in 2016, with a period of wild fluctuation from 2007 to 2016. In 2016, India (X%, based on tons), was the main supplier of rice into Bangladesh. From 2007 to 2016, rice imports from India decreased by -X% per year. This can be explained by the fact that the Bangladesh government imposed a tariff on rice imports from India in an effort to protect local farmers.
Do you want to know more about the rice in Bangladesh? Get the latest trends and insight from our report. It includes a wide range of statistics on
- rice market share
- rice prices
- rice industry
- rice sales
- rice import
- rice export
- rice market forecast
- rice price forecast
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This report provides an in-depth analysis of the rice market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 27 - Rice, paddy
Country coverage:
- Bangladesh
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bangladesh
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
