Bangladesh: Fruit Market 2023

Fruit Market Size in Bangladesh

The Bangladeshi fruit market reached $X in 2022, rising by 3.6% against the previous year. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Fruit Production in Bangladesh

In value terms, fruit production rose markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 -6.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 38%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

In 2022, the average fruit yield in Bangladesh rose slightly to X tons per ha, with an increase of 4.4% compared with the previous year's figure. The yield figure increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when the yield increased by 24% against the previous year. The fruit yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield stood at a somewhat 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, the total area harvested in terms of fruits production in Bangladesh declined to X ha, with a decrease of -5.9% against the previous year. The harvested area increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 18%. Over the period under review, the harvested area dedicated to fruit production reached the peak figure at X ha in 2021, and then reduced in the following year.

Fruit Exports

Exports from Bangladesh

In 2022, approx. X tons of fruits were exported from Bangladesh; waning by -27% against the previous year's figure. Overall, total exports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +25.5% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 72% against the previous year. As a result, the exports reached the peak of X tons, and then contracted remarkably in the following year.

In value terms, fruit exports fell notably to $X in 2022. Over the period under review, exports, however, posted strong growth. The pace of growth was the most pronounced in 2021 with an increase of 86%. As a result, the exports attained the peak of $X, and then declined dramatically in the following year.

Exports by Country

The UK (X tons) was the main destination for fruit exports from Bangladesh, accounting for a 41% share of total exports. Moreover, fruit exports to the UK exceeded the volume sent to the second major destination, Qatar (X tons), sixfold. The third position in this ranking was held by Singapore (X tons), with a 5% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+45.3% per year) and Singapore (+23.9% per year).

In value terms, the UK ($X) remains the key foreign market for fruits exports from Bangladesh, comprising 56% of total exports. The second position in the ranking was taken by Qatar ($X), with a 4.7% share of total exports. It was followed by Italy, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to the UK stood at +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+47.4% per year) and Italy (+39.1% per year).

Export Prices by Country

The average fruit export price stood at $X per ton in 2022, growing by 5.2% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fruit export price increased by +54.4% against 2018 indices. The growth pace was the most rapid in 2020 when the average export price increased by 24%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Singapore ($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 India (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Fruit Imports

Imports into Bangladesh

After three years of growth, overseas purchases of fruits decreased by -6.4% to X tons in 2022. Overall, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2014 with an increase of 83% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then fell in the following year.

In value terms, fruit imports shrank modestly to $X in 2022. In general, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by 145%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and South Africa (X tons) were the main suppliers of fruit imports to Bangladesh, together accounting for 83% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +28.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fruit suppliers to Bangladesh were China ($X), India ($X) and South Africa ($X), with a combined 78% share of total imports.

India, with a CAGR of +25.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fruit import price stood at $X per ton in 2022, picking up by 2% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fruit import price decreased by -4.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 34% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 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 China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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