Bangladesh: Meat And Poultry Market 2024

Meat And Poultry Market Size in Bangladesh

The Bangladeshi meat and poultry market declined slightly to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the market value increased by X%. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Meat And Poultry Production in Bangladesh

In value terms, meat and poultry production fell slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The average yield of meat and poultry in Bangladesh was estimated at X kg per head in 2022, leveling off at the previous year's figure. Overall, the yield recorded a slight curtailment. The pace of growth was the most pronounced in 2014 when the yield decreased by X% against the previous year. Over the period under review, the average meat and poultry yield reached the maximum level at X kg per head in 2013; however, from 2014 to 2022, the yield remained at a lower figure.

In 2022, approx. X heads of animals slaughtered for meat and poultry production in Bangladesh; remaining stable against 2021. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the number of producing animals increased by X% against the previous year. Over the period under review, this number reached the peak level at X heads in 2021, and then dropped modestly in the following year.

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Meat And Poultry Exports

Exports from Bangladesh

In 2022, the amount of meat and poultry exported from Bangladesh skyrocketed to X tons, jumping by X% on the year before. Over the period under review, exports, however, recorded a perceptible decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, meat and poultry exports reduced to $X in 2022. In general, exports, however, recorded a deep slump. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Ireland (X tons) was the main destination for meat and poultry exports from Bangladesh, with a X% share of total exports. Moreover, meat and poultry exports to Ireland exceeded the volume sent to the second major destination, Maldives (X tons), twofold. Kuwait (X tons) ranked third in terms of total exports with an X% share.

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

In value terms, Maldives ($X) remains the key foreign market for meat and poultry exports from Bangladesh, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by Ireland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Ireland (X% per year).

Export Prices by Country

The average meat and poultry export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price recorded a noticeable slump. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Ireland ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat And Poultry Imports

Imports into Bangladesh

In 2022, the amount of meat and poultry imported into Bangladesh declined to X tons, which is down by X% on the previous year. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, meat and poultry imports reduced to $X in 2022. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then dropped modestly in the following year.

Imports by Country

In 2022, India (X tons) was the main supplier of meat and poultry to Bangladesh, with a X% share of total imports. It was followed by Saudi Arabia (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from India amounted to X%.

In value terms, India ($X) constituted the largest supplier of meat and poultry to Bangladesh, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to X%.

Import Prices by Country

The average meat and poultry import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Saudi Arabia ($X per ton), while the price for India stood at $X per ton.

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

Source: IndexBox Platform

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