Bangladesh: Market for Cherries and Sour Cherries 2024

Market Size for Cherries and Sour Cherries in Bangladesh

The Bangladeshi cherry and sour cherry market shrank dramatically to $X in 2022, falling by X% against the previous year. In general, consumption continues to indicate a deep downturn. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Cherries and Sour Cherries in Bangladesh

In value terms, cherry and sour cherry production fell slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Cherry and sour cherry production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The average yield of cherries and sour cherries in Bangladesh was estimated at less than X kg per ha in 2022, remaining constant against the previous year. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the cherry and sour cherry harvested area in Bangladesh totaled less than X ha, stabilizing at 2021 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

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Exports of Cherries and Sour Cherries

Exports from Bangladesh

In 2022, the amount of cherries and sour cherries exported from Bangladesh surged to X tons, picking up by X% against 2021. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, cherry and sour cherry exports soared to $X in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for cherry and sour cherry exports from Bangladesh, with a approx. X% share of total exports.

From 2018 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at X%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for cherries and sour cherries exports from Bangladesh.

From 2018 to 2022, the average annual growth rate of value to Saudi Arabia stood at X%.

Export Prices by Country

In 2022, the average cherry and sour cherry export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2018 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to X% per year.

Imports of Cherries and Sour Cherries

Imports into Bangladesh

In 2022, after two years of growth, there was significant decline in overseas purchases of cherries and sour cherries, when their volume decreased by X% to X tons. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, cherry and sour cherry imports declined notably to $X in 2022. In general, imports, however, saw a modest increase. The growth pace was the most rapid in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia (X tons), the United Arab Emirates (X tons) and Singapore (X kg) were the main suppliers of cherry and sour cherry imports to Bangladesh, together comprising X% of total imports. These countries were followed by Thailand, which accounted for a further X%.

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

In value terms, Australia ($X) constituted the largest supplier of cherries and sour cherries to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with an X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the average cherry and sour cherry import price amounted to $X per ton, waning by X% against the previous year. Overall, the import price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for the United Arab Emirates ($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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