Bangladesh: Canned Food Market 2024

Canned Food Market Size in Bangladesh

The Bangladeshi canned food market fell slightly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, continues to indicate a buoyant expansion. Canned food consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Canned Food Production in Bangladesh

In value terms, canned food production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, posted strong growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Canned food production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Canned Food Exports

Exports from Bangladesh

In 2022, overseas shipments of canned food decreased by X% to X tons, falling for the third year in a row after four years of growth. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, canned food exports reduced remarkably to $X in 2022. In general, exports, however, recorded a pronounced expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), the UK (X tons) and the United States (X tons) were the main destinations of canned food exports from Bangladesh, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for canned food exported from Bangladesh were the UK ($X), the United States ($X) and the United Arab Emirates ($X), with a combined X% share of total exports.

Among the main countries of destination, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average canned food export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price enjoyed a temperate increase. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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 United States ($X per ton), while the average price for exports to Bahrain ($X 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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into Bangladesh

Canned food imports into Bangladesh dropped significantly to X tons in 2022, which is down by X% against the year before. Overall, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then fell dramatically in the following year.

In value terms, canned food imports dropped rapidly to $X in 2022. In general, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of canned food to Bangladesh, accounting for a X% share of total imports. Moreover, canned food imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), twofold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and India (X% per year).

In value terms, the largest canned food suppliers to Bangladesh were Australia ($X), China ($X) and France ($X), together accounting for X% of total imports.

Australia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average canned food import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat 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 Belgium ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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