Bangladesh: Frozen Crustaceans Market 2022

Frozen Crustaceans Market Size in Bangladesh

In 2021, the Bangladeshi frozen crustaceans market was finally on the rise to reach $X after three years of decline. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Frozen Crustaceans Production in Bangladesh

In value terms, frozen crustaceans production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. Frozen crustaceans production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Frozen Crustaceans Exports

Exports from Bangladesh

Frozen crustaceans exports from Bangladesh fell to X tons in 2021, which is down by -X% compared with 2020. In general, exports showed a mild setback. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen crustaceans exports declined to $X in 2021. Over the period under review, total exports indicated modest growth from 2012 to 2021: its value decreased at an average annual rate of -X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), Germany (X tons) and the UK (X tons) were the main destinations of frozen crustaceans exports from Bangladesh, together comprising X% of total exports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and the UK ($X) constituted the largest markets for frozen crustaceans exported from Bangladesh worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen crustaceans export price stood at $X per ton in 2021, approximately mirroring the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Crustaceans Imports

Imports into Bangladesh

In 2021, purchases abroad of frozen crustaceans increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt curtailment. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, frozen crustaceans imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt slump. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest frozen crustaceans supplier to Bangladesh, accounting for a X% share of total imports. Moreover, frozen crustaceans imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and Pakistan (-X% per year).

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

From 2012 to 2021, the average annual growth rate of value from the United States totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and Pakistan (-X% per year).

Import Prices by Country

In 2021, the average frozen crustaceans import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen crustaceans import price increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform