Bangladesh: Orange Market 2023

Orange Market Size in Bangladesh

The Bangladeshi orange market reached $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption recorded a buoyant expansion. Orange consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Orange Production in Bangladesh

In value terms, orange production reduced slightly to $X in 2022 estimated in export price. Overall, production showed a mild shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 16% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

In 2022, the average yield of oranges in Bangladesh contracted to X tons per ha, waning by -6.9% against the previous year's figure. In general, the yield continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 when the yield increased by 20% against the previous year. The orange yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield remained at a 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 oranges production in Bangladesh dropped to X ha, remaining constant against the previous year's figure. In general, the harvested area, however, continues to indicate resilient growth. The growth pace was the most rapid in 2019 when the harvested area increased by 38% against the previous year. The orange harvested area peaked at X ha in 2021, and then dropped in the following year.

Orange Exports

Exports from Bangladesh

After five years of growth, shipments abroad of oranges decreased by -4.1% to X tons in 2022. In general, exports, however, showed prominent growth. The growth pace was the most rapid in 2020 with an increase of 63%. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, orange exports reduced to $X in 2022. Over the period under review, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 38%. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Malaysia (X tons) was the main destination for orange exports from Bangladesh, with a 97% share of total exports. It was followed by the United Arab Emirates (X kg), with a 2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at +10.5%.

In value terms, Malaysia ($X) remains the key foreign market for oranges exports from Bangladesh, comprising 90% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 2.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia stood at +7.1%.

Export Prices by Country

The average orange export price stood at $X per ton in 2022, flattening at the previous year. In general, the export price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2016 an increase of 17% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 United Arab Emirates ($X per ton), while the average price for exports to Malaysia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Orange Imports

Imports into Bangladesh

In 2022, orange imports into Bangladesh reached X tons, therefore, remained relatively stable against the previous year's figure. In general, imports showed prominent growth. The growth pace was the most rapid in 2014 when imports increased by 76% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, orange imports totaled $X in 2022. Overall, imports saw a prominent increase. The pace of growth appeared the most rapid in 2014 when imports increased by 128%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), South Africa (X tons) and Egypt (X tons) were the main suppliers of orange imports to Bangladesh, together comprising 78% of total imports. Bhutan and Uruguay lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uruguay (with a CAGR of +50.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), South Africa ($X) and India ($X) constituted the largest orange suppliers to Bangladesh, together accounting for 76% of total imports. Bhutan and Uruguay lagged somewhat behind, together comprising a further 22%.

Uruguay, with a CAGR of +53.4%, recorded the highest growth rate of the value of imports, among 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 orange import price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, orange import price increased by +17.1% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 30%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Egypt ($X per ton), while the price for India ($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 (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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