Bangladesh: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Bangladesh

The Bangladeshi battered fish fillet market reached $X in 2022, approximately equating the previous year. In general, the total consumption indicated a mild increase 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. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Battered Fish Fillet Production in Bangladesh

In value terms, battered fish fillet production totaled $X in 2022 estimated in export price. Overall, the total production indicated a modest increase 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Battered Fish Fillet Exports

Exports from Bangladesh

In 2022, after three years of decline, there was growth in shipments abroad of fish fillets in batter or breadcrumbs, when their volume increased by X% to X kg. In general, exports, however, recorded a sharp decrease. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, battered fish fillet exports shrank rapidly to $X in 2022. Overall, exports, however, recorded a precipitous decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for battered fish fillet exports from Bangladesh, with a X% share of total exports. Moreover, battered fish fillet exports to the United States exceeded the volume sent to the second major destination, France (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Australia (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for fish fillets in batter or breadcrumbs exports from Bangladesh, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average battered fish fillet export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price showed a perceptible decline. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to France ($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 Australia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Battered Fish Fillet Imports

Imports into Bangladesh

In 2022, overseas purchases of fish fillets in batter or breadcrumbs were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports posted a significant increase. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, battered fish fillet imports soared to $X in 2022. Over the period under review, imports recorded a significant expansion. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of battered fish fillet imports to Bangladesh, with a combined X% share of total imports.

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

In value terms, the largest battered fish fillet suppliers to Bangladesh were the United Arab Emirates ($X), China ($X) and Malaysia ($X), with a combined X% share of total imports.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 battered fish fillet import price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price recorded buoyant growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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 the United Arab Emirates ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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