Bangladesh: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in Bangladesh

The Bangladeshi fresh beef carcase market expanded to $X in 2022, increasing by X% against the previous year. In general, the total consumption indicated a measured 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. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Fresh Beef Carcase Production in Bangladesh

In value terms, fresh beef carcase production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced 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 most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Fresh beef carcase production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Fresh Beef Carcase Exports

Exports from Bangladesh

After four years of decline, overseas shipments of fresh or chilled carcases of beef and veal increased by X% to X tons in 2022. Over the period under review, exports recorded a perceptible expansion. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, fresh beef carcase exports surged to $X in 2022. Overall, exports saw a perceptible expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Maldives (X tons) and Kuwait (X kg) were the main destinations of fresh beef carcase exports from Bangladesh, with a combined X% share of total exports. Germany, the Czech Republic and Slovakia lagged somewhat behind, together comprising a further X%.

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

In value terms, Maldives ($X) remains the key foreign market for fresh or chilled carcases of beef and veal exports from Bangladesh, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average fresh beef carcase export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price recorded a slight descent. The growth pace was the most rapid in 2014 an increase of X%. The export price peaked at $X per ton in 2021, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Fresh Beef Carcase Imports

Imports into Bangladesh

In 2022, imports of fresh or chilled carcases of beef and veal into Bangladesh was estimated at X tons, remaining stable against 2021. In general, imports, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, fresh beef carcase imports stood at $X in 2022. Overall, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest fresh beef carcase supplier to Bangladesh, with a X% share of total imports. Moreover, fresh beef carcase imports from Thailand exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold.

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

In value terms, Thailand ($X) constituted the largest supplier of fresh or chilled carcases of beef and veal to Bangladesh, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average fresh beef carcase import price amounted to $X per ton, approximately reflecting the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a 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 Australia ($X per ton), while the price for Thailand ($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 more modest paces of growth.

Source: IndexBox Platform

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