Broken Rice Price in Bangladesh - 2022
Contents:
- Broken Rice Price in Bangladesh (CIF) - 2022
- Broken Rice Price in Bangladesh (FOB) - 2022
- Broken Rice Imports in Bangladesh
- Broken Rice Exports in Bangladesh
Broken Rice Price in Bangladesh (CIF) - 2022
The average broken rice import price stood at $462 per ton in 2022, picking up by 14% against the previous year. Over the period under review, the import price, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2016 when the average import price increased by 54% against the previous year. Over the period under review, average import prices attained the peak figure at $609 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Myanmar ($1,662 per ton), while the price for Pakistan ($267 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+11.4%), while the prices for the other major suppliers experienced a decline.
Broken Rice Price in Bangladesh (FOB) - 2022
In 2022, the average broken rice export price amounted to $848 per ton, shrinking by -36.3% against the previous year. Over the period under review, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 106% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,331 per ton in 2021, and then dropped markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($1,257 per ton), while the average price for exports to Canada ($80 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 Italy (-1.2%), while the prices for the other major destinations experienced a decline.
Broken Rice Imports in Bangladesh
For the third consecutive year, Bangladesh recorded decline in purchases abroad of broken rice, which decreased by -15.7% to 9.9K tons in 2022. In general, imports showed a deep setback.
In value terms, broken rice imports declined to $4.6M in 2022. Overall, imports continue to indicate a pronounced contraction. The smallest decline of -3.6% was in 2020.
| Import of Broken Rice in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 1.5 | 1.6 | N/A | 1.9 | 8.2% |
| Pakistan | 1.4 | 1.3 | N/A | 1.3 | -2.4% |
| India | 1.8 | 1.7 | N/A | 1.3 | -10.3% |
| Others | 0.4 | 0.4 | 4.7 | 0.1 | -37.0% |
| Total | 5.1 | 4.9 | 4.8 | 4.6 | -3.4% |
Top Suppliers of Broken Rice to Bangladesh in 2022:
- Pakistan (4.7K tons)
- India (4.0K tons)
- Myanmar (1.2K tons)
Broken Rice Exports in Bangladesh
In 2022, overseas shipments of broken rice were finally on the rise to reach 29 tons after two years of decline. Overall, exports, however, faced a dramatic decrease.
In value terms, broken rice exports surged to $24K in 2022. Over the period under review, exports, however, saw a sharp decline.
| Export of Broken Rice in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 58.9 | 25.9 | 14.9 | 20.1 | -30.1% |
| United Kingdom | 2.7 | 1.9 | 0.1 | 1.1 | -25.9% |
| Fiji | 0.6 | 0.1 | 0.4 | 0.8 | 10.1% |
| Saudi Arabia | 2.8 | 1.6 | 0.3 | 0.6 | -40.2% |
| United Arab Emirates | 3.0 | 1.1 | 0.5 | 0.5 | -45.0% |
| United States | 1.3 | 0.6 | 0.2 | 0.3 | -38.7% |
| Canada | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Cambodia | N/A | N/A | N/A | 0.1 | 0% |
| Nepal | 11.0 | N/A | N/A | N/A | 0% |
| Others | 9.9 | 1.1 | 0.5 | 0.7 | -58.6% |
| Total | 90.3 | 32.2 | 17.1 | 24.4 | -35.4% |
Top Export Markets for Broken Rice from Bangladesh in 2022:
- Italy (16.0 tons)
- Fiji (4.4 tons)
- United Kingdom (2.0 tons)
- Canada (1.1 tons)
- Saudi Arabia (1.1 tons)
- United Arab Emirates (1.0 tons)
- United States (0.8 tons)
- Cambodia (0.7 tons)
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