Liqueurs and Cordials Price in Bangladesh - 2022
Contents:
Liqueurs and Cordials Price in Bangladesh (CIF) - 2022
The average liqueurs and cordials import price stood at $7.5 per litre in 2022, remaining stable against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 28%. Over the period under review, average import prices hit record highs at $7.9 per litre in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 India ($56 per litre), while the price for Mexico ($4.1 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Imports in Bangladesh
In 2022, approx. 5.6K litres of liqueurs and cordialses were imported into Bangladesh; falling by -5.5% compared with 2021. In general, imports saw a dramatic decline. The growth pace was the most rapid in 2021 when imports increased by 13%. Over the period under review, imports reached the maximum at 14K litres in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, liqueurs and cordials imports contracted slightly to $42K in 2022. Overall, imports saw a sharp downturn. The growth pace was the most rapid in 2021 with an increase of 9.9% against the previous year. Imports peaked at $84K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Liqueurs and Cordials in Bangladesh (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 31.8 | 16.7 | 17.2 | 13.6 | -24.7% |
United Arab Emirates | 6.5 | 3.1 | 6.8 | 11.0 | 19.2% |
Mexico | 16.9 | 10.1 | 11.7 | 10.6 | -14.4% |
Thailand | 7.4 | 3.2 | 2.8 | 1.6 | -40.0% |
Poland | 0.6 | 0.2 | 0.4 | 1.4 | 32.6% |
Singapore | 6.7 | 2.9 | 1.9 | 0.7 | -52.9% |
United Kingdom | 4.1 | 1.5 | 1.1 | 0.4 | -54.0% |
South Korea | 4.7 | N/A | N/A | N/A | 0% |
Others | 5.4 | 1.9 | 1.8 | 2.2 | -25.9% |
Total | 84.1 | 39.6 | 43.5 | 41.6 | -20.9% |
Top Suppliers of Liqueurs and Cordials to Bangladesh in 2022:
- Mexico (2604.0 litres)
- United Arab Emirates (2232.0 litres)
- India (245.0 litres)
- Poland (137.0 litres)
- Singapore (83.0 litres)
- Thailand (62.0 litres)
- United Kingdom (28.0 litres)
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In 2016, the amount of spirit and liqueur imported worldwide stood at X tons, coming up by X% against the previous year level. The total import volume increased at an average annual rate of +X% o...
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