Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Bangladesh - 2022

Contents:

1. Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Bangladesh (FOB) - 2022
2. Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Bangladesh (CIF) - 2022
3. Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Bangladesh
4. Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Bangladesh

Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Bangladesh (FOB) - 2022

In 2022, the average export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $985 per ton, increasing by 3.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 38%. As a result, the export price reached the peak level of $1,629 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($2,037 per ton), while the average price for exports to the United Arab Emirates ($382 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 Nepal (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Bangladesh (CIF) - 2022

The average import price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $2,562 per ton in 2022, which is down by -21.8% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average import price increased by 30%. The import price peaked at $3,274 per ton in 2021, and then dropped markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($4,140 per ton), while the price for Pakistan ($1,554 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Bangladesh

In 2022, shipments abroad of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa decreased by -14.3% to 13K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 68%.

In value terms, exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa fell to $13M in 2022. Over the period under review, total exports indicated a buoyant expansion 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 +61.4% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 40% against the previous year.

Top Export Markets for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa from Bangladesh in 2022:

1. India (9.2K tons)
2. United Arab Emirates (1.1K tons)
3. Australia (0.8K tons)
4. Democratic Republic of the Congo (0.5K tons)
5. Philippines (0.4K tons)
6. United Kingdom (0.3K tons)
7. Malaysia (0.3K tons)

Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Bangladesh

In 2022, approx. 1.1K tons of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa were imported into Bangladesh; increasing by 16% on the previous year. The total import volume increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 17% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa fell to $2.9M in 2022. The total import value increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. As a result, imports attained the peak of $3.2M, and then reduced in the following year.

Top Suppliers of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa to Bangladesh in 2022:

1. Malaysia (788.5 tons)
2. China (133.8 tons)
3. Indonesia (60.5 tons)
4. Singapore (46.9 tons)
5. Thailand (27.1 tons)
6. United Arab Emirates (25.1 tons)
7. India (12.8 tons)

Source: IndexBox Market Intelligence Platform