Bangladesh: Frozen Catfish Market 2022

Frozen Catfish Market Size in Bangladesh

The Bangladeshi frozen catfish market skyrocketed to $X in 2020, with an increase of X% against the previous year. In general, consumption, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Frozen Catfish Production in Bangladesh

In value terms, frozen catfish production soared to $X in 2020 estimated in export prices. Overall, production recorded a perceptible contraction. Over the period under review, production attained the maximum level at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Frozen Catfish Exports

Exports from Bangladesh

For the third year in a row, Bangladesh recorded decline in overseas shipments of frozen catfish, which decreased by -X% to X tons in 2020. Overall, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tons in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, frozen catfish exports stood at $X in 2020. In general, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for frozen catfish exports from Bangladesh, with a X% share of total exports. Moreover, frozen catfish exports to Saudi Arabia exceeded the volume sent to the second major destination, the UK (X tons), sixfold.

From 2007 to 2020, the average annual growth rate of volume to Saudi Arabia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and South Korea (+X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for frozen catfish exports from Bangladesh, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Saudi Arabia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and South Korea (+X% per year).

Export Prices by Country

The average frozen catfish export price stood at $X per ton in 2020, growing by X% against the previous year. Overall, the export price, however, continues to indicate a deep reduction. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced a decline.

Frozen Catfish Imports

Imports into Bangladesh

In 2020, approx. X tons of frozen catfish were imported into Bangladesh; jumping by X% on 2019 figures. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in years to come.

In value terms, frozen catfish imports dropped to $X in 2020. In general, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. from 2018 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, India (X tons) constituted the largest supplier of frozen catfish to Bangladesh, accounting for a X% share of total imports. Moreover, frozen catfish imports from India exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), twofold.

From 2007 to 2020, the average annual growth rate of volume from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, India ($X) constituted the largest supplier of frozen catfish to Bangladesh, comprising X% of total imports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+X% per year) and the United Arab Emirates (-X% per year).

Import Prices by Country

In 2020, the average frozen catfish import price amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the import price saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Pakistan ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Pakistan, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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