Price for Cereal Groats and Meal; of Wheat in Bangladesh - 2022
Contents:
- Price for Cereal Groats and Meal; of Wheat in Bangladesh (CIF) - 2022
- Price for Cereal Groats and Meal; of Wheat in Bangladesh (FOB) - 2022
- Imports of Cereal Groats and Meal; of Wheat in Bangladesh
- Exports of Cereal Groats and Meal; of Wheat in Bangladesh
Price for Cereal Groats and Meal; of Wheat in Bangladesh (CIF) - 2022
The average import price for cereal groats and meal; of wheats stood at $1,069 per ton in 2022, shrinking by -42.8% against the previous year. Overall, the import price, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2021 an increase of 129%. As a result, import price reached the peak level of $1,869 per ton, and then declined dramatically in the following year.
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 ($2,301 per ton), while the price for Turkey amounted to $942 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.1%).
Price for Cereal Groats and Meal; of Wheat in Bangladesh (FOB) - 2022
The average export price for cereal groats and meal; of wheats stood at $1,072 per ton in 2022, which is down by -7.5% against the previous year. Over the period under review, the export price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2013 an increase of 124%. As a result, the export price reached the peak level of $2,822 per ton. From 2014 to 2022, the average export prices remained at a somewhat 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 Maldives ($2,225 per ton), while the average price for exports to Switzerland ($562 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 Cyprus (+34.6%), while the prices for the other major destinations experienced a decline.
Imports of Cereal Groats and Meal; of Wheat in Bangladesh
In 2022, after two years of decline, there was significant growth in overseas purchases of cereal groats and meal; of wheats, when their volume increased by 18% to 36 tons. In general, imports, however, recorded a drastic downturn.
In value terms, imports of cereal groats and meal; of wheats shrank dramatically to $38K in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 84% against the previous year.
| Import of Cereal Groats and Meal; of Wheat in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 19.3 | 34.3 | 2.6 | 30.5 | 16.5% |
| India | 0.8 | 3.5 | 1.5 | 7.0 | 106.1% |
| Malaysia | N/A | N/A | 52.3 | N/A | 0% |
| Others | 1.0 | 1.1 | 0.3 | 0.7 | -11.2% |
| Total | 21.2 | 38.9 | 56.6 | 38.2 | 21.7% |
Top Suppliers of Cereal Groats and Meal; of Wheat to Bangladesh in 2022:
- Turkey (32.4 tons)
- India (3.0 tons)
Exports of Cereal Groats and Meal; of Wheat in Bangladesh
Exports of cereal groats and meal; of wheats from Bangladesh totaled 6.4 tons in 2022, growing by 8.9% on the previous year. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 245%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of cereal groats and meal; of wheats totaled $6.8K in 2022. In general, exports, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 148% against the previous year.
| Export of Cereal Groats and Meal; of Wheat in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 5.2 | 1.7 | 2.5 | 2.5 | -21.7% |
| Cyprus | N/A | N/A | 0.9 | 2.1 | 133.3% |
| United Kingdom | N/A | N/A | N/A | 1.7 | 0% |
| Switzerland | N/A | 0.3 | 0.7 | 0.4 | 15.5% |
| Japan | N/A | N/A | 2.7 | N/A | 0% |
| Nepal | N/A | 0.8 | N/A | N/A | 0% |
| United Arab Emirates | 2.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.5 | 2.7 | 6.8 | 6.8 | -3.2% |
Top Export Markets for Cereal Groats and Meal; of Wheat from Bangladesh in 2022:
- United Kingdom (2.3 tons)
- Cyprus (2.2 tons)
- Maldives (1.1 tons)
- Switzerland (0.8 tons)
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