Bangladesh: Root And Tuber Market 2024

Root And Tuber Market Size in Bangladesh

The Bangladeshi root and tuber market rose to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Root and tuber consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Root And Tuber Production in Bangladesh

In value terms, root and tuber production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

In 2022, the average root and tuber yield in Bangladesh dropped slightly to X tons per ha, standing approx. at 2021 figures. Overall, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the yield increased by X%. Over the period under review, the average root and tuber yield attained the peak level at X tons per ha in 2021, and then shrank in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the root and tuber harvested area in Bangladesh reduced slightly to X ha, approximately reflecting the year before. In general, the harvested area, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2018 to 2022, the growth of the root and tuber harvested area remained at a lower figure.

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Root And Tuber Exports

Exports from Bangladesh

After two years of growth, shipments abroad of roots and tubers decreased by X% to X tons in 2022. In general, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, root and tuber exports declined sharply to $X in 2022. Overall, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Malaysia (X tons), Sri Lanka (X tons) and Nepal (X tons) were the main destinations of root and tuber exports from Bangladesh, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for root and tuber exported from Bangladesh were Malaysia ($X), Sri Lanka ($X) and Nepal ($X), with a combined X% share of total exports.

Among the main countries of destination, Nepal, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average root and tuber export price amounted to $X per ton, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then dropped modestly in the following year.

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

Root And Tuber Imports

Imports into Bangladesh

In 2022, approx. X tons of roots and tubers were imported into Bangladesh; jumping by X% on 2021 figures. Overall, imports showed measured growth. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, root and tuber imports skyrocketed to $X in 2022. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest root and tuber supplier to Bangladesh, accounting for a X% share of total imports. Moreover, root and tuber imports from the Netherlands exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. The third position in this ranking was held by Myanmar (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Myanmar (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of roots and tubers to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Myanmar, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Myanmar (X% per year).

Import Prices by Country

In 2022, the average root and tuber import price amounted to $X per ton, reducing by X% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, root and tuber import price increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then contracted in the following year.

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 India ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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