Bangladesh: Meat And Poultry Market Overview 2020

Meat And Poultry Market Size in Bangladesh

The revenue of the meat and poultry market in Bangladesh amounted to $X in 2018, picking up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2010 when the market value increased by X% y-o-y. Meat and poultry consumption peaked in 2018 and is likely to continue its growth in the near future.

Meat And Poultry Production in Bangladesh

In value terms, meat and poultry production stood at $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. In that year, meat and poultry production attained its peak level of $X. From 2011 to 2018, meat and poultry production growth remained at a lower figure.

In 2018, the average yield of meat and poultry in Bangladesh amounted to X tonne per head, approximately reflecting the previous year. In general, the meat and poultry yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when yield increased by X% y-o-y. Meat and poultry yield peaked at X tonne per head in 2010; however, from 2011 to 2018, yield stood at a somewhat lower figure.

The number of animals slaughtered for meat and poultry production in Bangladesh amounted to X heads in 2018, increasing by X% against the previous year. This number increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, this number reached its peak figure level in 2018 and is likely to see steady growth in the immediate term.

Meat And Poultry Exports

Exports from Bangladesh

In 2018, the exports of meat and poultry from Bangladesh amounted to X tonnes, going up by X% against the previous year. Overall, meat and poultry exports, however, continue to indicate an abrupt slump. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, meat and poultry exports stood at $X in 2018. Overall, meat and poultry exports, however, continue to indicate a drastic slump. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. Over the period under review, meat and poultry exports reached their maximum at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

Kuwait (X tonnes) was the main destination for meat and poultry exports from Bangladesh, accounting for a X% share of total exports. Moreover, meat and poultry exports to Kuwait exceeded the volume sent to the second major destination, Maldives (X tonnes), threefold. The United Arab Emirates (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Kuwait totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-X% per year) and the United Arab Emirates (-X% per year).

In value terms, Kuwait ($X), the United Arab Emirates ($X) and Ireland ($X) constituted the largest markets for meat and poultry exported from Bangladesh worldwide, together accounting for X% of total exports. Maldives, Bahrain, South Korea and France lagged somewhat behind, together comprising a further X terms of the main countries of destination, South Korea recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average meat and poultry export price stood at $X per tonne in 2018, leveling off at the previous year. In general, the meat and poultry export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices for meat and poultry attained their peak figure at $X per tonne in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Ireland ($X per tonne), while the average price for exports to France ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait, while the prices for the other major destinations experienced more modest paces of growth.

Meat And Poultry Imports

Imports into Bangladesh

In 2018, the meat and poultry imports into Bangladesh totaled X tonnes, increasing by X% against the previous year. Over the period under review, meat and poultry imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Imports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, meat and poultry imports totaled $X in 2018. In general, meat and poultry imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, meat and poultry imports attained their peak figure in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

India (X tonnes), Australia (X tonnes) and Saudi Arabia (X tonnes) were the main suppliers of meat and poultry imports to Bangladesh, together comprising X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Australia ($X) and India ($X) were the largest meat and poultry suppliers to Bangladesh, together accounting for X% of total imports.

India (+X% per year) recorded the highest rates of growth with regard to imports, in terms of the main suppliers over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average meat and poultry import price stood at $X per tonne in 2018, shrinking by -X% against the previous year. In general, the meat and poultry import price, however, continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. Over the period under review, the average import prices for meat and poultry attained their maximum at $X per tonne in 2016; however, from 2017 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Saudi Arabia ($X per tonne), while the price for Singapore ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform