Bangladesh: Butter Market Overview 2020

Butter Market Size in Bangladesh

The revenue of the butter market in Bangladesh amounted to $X in 2018, shrinking by -X% against the previous year. Over the period under review, butter consumption continues to indicate resilient growth. The growth pace was the most rapid in 2012 when the market value increased by X% against the previous year. Over the period under review, the butter market reached its maximum level at $X in 2016; however, from 2017 to 2018, consumption remained at a lower figure.

Butter Production in Bangladesh

In value terms, butter production amounted to $X in 2018 estimated in export prices. Over the period under review, butter production continues to indicate a strong expansion. The growth pace was the most rapid in 2012 when production volume increased by X% y-o-y. Butter production peaked at $X in 2017, and then declined slightly in the following year.

Butter Exports

Exports from Bangladesh

Butter exports from Bangladesh amounted to X tonnes in 2018, growing by X% against the previous year. Over the period under review, butter exports continue to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. In that year, butter exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, butter exports totaled $X in 2018. Overall, butter exports continue to indicate an outstanding increase. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Over the period under review, butter exports reached their maximum in 2018 and are expected to retain its growth in the near future.

Exports by Country

Australia (X tonnes), Saudi Arabia (X tonnes) and the U.S. (X tonnes) were the main destinations of butter exports from Bangladesh, together accounting for X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Australia, while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Australia ($X) and the U.S. ($X) constituted the largest markets for butter exported from Bangladesh worldwide, together accounting for X% of total exports.

Among the main countries of destination, Saudi Arabia experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average butter export price stood at $X per tonne in 2018, declining by -X% against the previous year. In general, the butter export price, however, continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2017, and then declined slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Australia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced mixed trend patterns.

Butter Imports

Imports into Bangladesh

In 2018, approx. X tonnes of butter were imported into Bangladesh; jumping by X% against the previous year. In general, butter imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2009 when imports increased by X% year-to-year. Over the period under review, butter imports reached their peak figure at X tonnes in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, butter imports stood at $X in 2018. In general, butter imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, butter imports attained their peak figure at $X in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

Imports by Country

New Zealand (X tonnes), Indonesia (X tonnes) and India (X tonnes) were the main suppliers of butter imports to Bangladesh, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest butter suppliers to Bangladesh were New Zealand ($X), Indonesia ($X) and India ($X), together accounting for X% of total imports.

In terms of the main suppliers, India (+X% per year) recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average butter import price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the butter import price continues to indicate strong growth. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Indonesia ($X per tonne), while the price for the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by New Zealand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform