Bangladesh: Spinach Market Overview 2020

Spinach Market Size in Bangladesh

The revenue of the spinach market in Bangladesh amounted to $X in 2018, reducing by -X% against the previous year. Overall, the total market indicated noticeable growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, spinach consumption increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. In that year, the spinach market attained its peak level of $X, and then declined slightly in the following year.

Spinach Production in Bangladesh

In value terms, spinach production amounted to $X in 2018 estimated in export prices. In general, spinach production continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, spinach production attained its peak figure level at $X in 2008; however, from 2009 to 2018, production remained at a lower figure.

In 2018, the average yield of spinach in Bangladesh totaled X tonne per ha, increasing by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, the average spinach yield attained its maximum level in 2018 and is likely to see steady growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Spinach harvested area in Bangladesh amounted to X ha in 2018, jumping by X% against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to spinach production reached its peak figure in 2018 and is likely to continue its growth in the immediate term.

Spinach Exports

Exports from Bangladesh

In 2018, the spinach exports from Bangladesh stood at X tonnes, jumping by X% against the previous year. Overall, spinach exports continue to indicate extraordinary growth. The growth pace was the most rapid in 2009 when exports increased by X% against the previous year. Over the period under review, spinach exports attained their peak figure in 2018 and are likely to continue its growth in the near future.

In value terms, spinach exports totaled $X in 2018. Overall, spinach exports continue to indicate extraordinary growth. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

Kuwait (X tonnes), Germany (X tonnes) and Sweden (X tonnes) were the main destinations of spinach exports from Bangladesh, together comprising X% of total exports. The UK and Oman lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Oman (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), Germany ($X) and Oman ($X) appeared to be the largest markets for spinach exported from Bangladesh worldwide, with a combined X% share of total exports.

Oman (+X% per year) experienced the highest growth rate of exports, among the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spinach export price stood at $X per tonne in 2018, lowering by -X% against the previous year. Overall, the spinach export price continues to indicate an abrupt reduction. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% y-o-y. Over the period under review, the average export prices for spinach attained their maximum at $X per tonne in 2008; however, from 2009 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Oman ($X per tonne), while the average price for exports to Sweden ($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 the UK, while the prices for the other major destinations experienced a decline.

Spinach Imports

Imports into Bangladesh

In 2018, the amount of spinach imported into Bangladesh amounted to X kg, increasing by X% against the previous year. In general, spinach imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, spinach imports attained their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, spinach imports stood at $X in 2018. Over the period under review, spinach imports continue to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, spinach imports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, India (X kg) constituted the largest supplier of spinach to Bangladesh, with a X% share of total imports. Moreover, spinach imports from India exceeded the figures recorded by the second-largest supplier, China (X kg), twofold.

From 2007 to 2018, the average annual rate of growth in terms of volume from India totaled +X%.

In value terms, China ($X) constituted the largest supplier of spinach to Bangladesh, comprising X% of total spinach imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.

From 2007 to 2018, the average annual growth rate of value from China amounted to +X%.

Import Prices by Country

The average spinach import price stood at $X per tonne in 2018, picking up by X% against the previous year. In general, the import price indicated strong growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, spinach import price increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Over the period under review, the average import prices for spinach attained their peak figure in 2018 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per tonne), while the price for India totaled $X per tonne.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India.

Source: IndexBox AI Platform