Price for Cereal Flours; Other than of Wheat or Meslin in Bangladesh - 2022

Contents:

1. Price for Cereal Flours; Other than of Wheat or Meslin in Bangladesh (CIF) - 2022
2. Price for Cereal Flours; Other than of Wheat or Meslin in Bangladesh (FOB) - 2022
3. Imports of Cereal Flours; Other than of Wheat or Meslin in Bangladesh
4. Exports of Cereal Flours; Other than of Wheat or Meslin in Bangladesh

Price for Cereal Flours; Other than of Wheat or Meslin in Bangladesh (CIF) - 2022

The average import price for cereal flours; other than of wheat or meslin stood at $633 per ton in 2022, waning by -49.2% against the previous year. Over the period under review, the import price showed a noticeable downturn. The growth pace was the most rapid in 2020 when the average import price increased by 64%. As a result, import price reached the peak level of $1,812 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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 Singapore ($3,462 per ton), while the price for India ($621 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Flours; Other than of Wheat or Meslin in Bangladesh (FOB) - 2022

In 2022, the average export price for cereal flours; other than of wheat or meslin amounted to $1,012 per ton, with an increase of 12% against the previous year. Overall, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 99.9% against the previous year. The export price peaked at $1,264 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,110 per ton), while the average price for exports to Singapore ($274 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 Australia (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Flours; Other than of Wheat or Meslin in Bangladesh

For the fourth year in a row, Bangladesh recorded growth in supplies from abroad of cereal flours; other than of wheat or meslin, which increased by 138% to 77 tons in 2022. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of cereal flours; other than of wheat or meslin soared to $49K in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 111% against the previous year. As a result, imports attained the peak of $57K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to Bangladesh in 2022:

1. India (75.5 tons)
2. Turkey (1.1 tons)
3. Thailand (0.2 tons)

Exports of Cereal Flours; Other than of Wheat or Meslin in Bangladesh

In 2022, after three years of growth, there was significant decline in shipments abroad of cereal flours; other than of wheat or meslin, when their volume decreased by -16% to 26 tons. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 59% against the previous year.

In value terms, exports of cereal flours; other than of wheat or meslin reduced to $27K in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.5% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 51% against the previous year.

Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Bangladesh in 2022:

1. United States (21.4 tons)
2. United Kingdom (2.0 tons)
3. Canada (1.3 tons)
4. Singapore (0.7 tons)

Source: IndexBox Market Intelligence Platform