Bangladesh: Durum Wheat Market 2024

Durum Wheat Market Size in Bangladesh

The Bangladeshi durum wheat market expanded to $X in 2022, surging by X% against the previous year. Overall, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Durum Wheat Production in Bangladesh

In value terms, durum wheat production reached $X in 2022 estimated in export price. Over the period under review, production recorded resilient growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

In 2022, the average yield of durum wheat in Bangladesh amounted to X tons per ha, stabilizing at 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The durum wheat yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of durum wheat were harvested in Bangladesh; flattening at the previous year. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to durum wheat production reached the maximum at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

Durum Wheat Exports

Exports from Bangladesh

In 2020, after three years of decline, there was significant decline in shipments abroad of durum wheat, when their volume decreased by X% to X tons. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2020, the growth of the exports remained at a lower figure.

In value terms, durum wheat exports contracted to $X in 2020. In general, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2020, the growth of the exports failed to regain momentum.

Exports by Country

Ireland (X tons) was the main destination for durum wheat exports from Bangladesh, with a approx. X% share of total exports.

From 2014 to 2020, the average annual growth rate of volume to Ireland totaled X%.

In value terms, Ireland ($X) also remains the key foreign market for durum wheat exports from Bangladesh.

From 2014 to 2020, the average annual growth rate of value to Ireland totaled X%.

Export Prices by Country

In 2020, the average durum wheat export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price showed strong growth. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, the average export prices hit record highs in 2020 and is expected to retain growth in the near future.

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

From 2014 to 2020, the rate of growth in terms of prices for Brunei Darussalam amounted to X% per year.

Durum Wheat Imports

Imports into Bangladesh

In 2022, overseas purchases of durum wheat increased by X% to X tons, rising for the eighth consecutive year after two years of decline. Over the period under review, imports, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, durum wheat imports surged to $X in 2022. In general, imports posted mild growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Australia (X tons), Ukraine (X tons) and India (X tons) were the main suppliers of durum wheat imports to Bangladesh.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Australia ($X) constituted the largest supplier of durum wheat to Bangladesh, comprising X% of total imports. The second position in the ranking was held by Ukraine ($X), with a X% share of total imports.

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: Ukraine (X% per year) and India (X% per year).

Import Prices by Country

The average durum wheat import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, durum wheat import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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