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Bangladesh - Rice - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Jul 13, 2018

The Rice Market in Bangladesh to Rise Modestly

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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 tonnes (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 Tonnes 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 tonnes by the end of 2025.

The Rice Production Volume Remained Stable

Rice production in Bangladesh remained stable, at X tonnes 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 tonnes 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 tonnes in 2016, with a period of wild fluctuation from 2007 to 2016. In 2016, India (X%, based on tonnes), 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

Source: IndexBox Platform

Product coverage:
• FCL 27 - Rice, paddy

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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007-2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2020
Figure 5:
Trade Balance, In Physical Terms, 2007-2020
Figure 6:
Trade Balance, In Value Terms, 2007-2020
Figure 7:
Per Capita Consumption, 2007-2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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