Bangladesh: Spinach Market Overview 2021

Spinach Market Size in Bangladesh

In 2019, the Bangladeshi spinach market decreased by -X% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Spinach consumption peaked at $X in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.

Spinach Production in Bangladesh

In value terms, spinach production reduced to $X in 2019 estimated in export prices. Overall, production continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Spinach production peaked at $X in 2008; however, from 2009 to 2019, production failed to regain the momentum.

In 2019, the average spinach yield in Bangladesh was estimated at X tonnes per ha, almost unchanged from the previous year's figure. The yield figure increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, the average spinach yield reached the maximum level in 2019 and is likely to see gradual 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.

In 2019, the total area harvested in terms of spinach production in Bangladesh expanded to X ha, with an increase of X% on the previous year's figure. The harvested area increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The spinach harvested area peaked in 2019 and is expected to retain growth in the immediate term.

Spinach Exports

Exports from Bangladesh

In 2019, shipments abroad of spinach increased by X% to X tonnes, rising for the fourth consecutive year after two years of decline. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, exports reached the peak of X tonnes. From 2014 to 2019, the growth exports failed to regain the momentum.

In value terms, spinach exports soared to $X in 2019. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. From 2014 to 2019, the growth exports remained at a lower figure.

Exports by Country

Belarus (X tonnes), Singapore (X tonnes) and Kuwait (X tonnes) were the main destinations of spinach exports from Bangladesh, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (+X% per year), while exports for the other leaders experienced mixed trend patterns.

In value terms, Belarus ($X) remains the key foreign market for spinach exports from Bangladesh, comprising X% of total exports. The second position in the ranking was occupied by Kuwait ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Belarus amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-X% per year) and Singapore (+X% per year).

Export Prices by Country

In 2019, the average spinach export price amounted to $X per tonne, reducing by -X% against the previous year. In general, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2012 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2008; however, from 2009 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Kuwait ($X per tonne), while the average price for exports to Singapore ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Belarus, while the prices for the other major destinations experienced a decline.

Spinach Imports

Imports into Bangladesh

After two years of growth, overseas purchases of spinach decreased by -X% to X kg in 2019. Over the period under review, imports recorded a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X tonnes in 2018, and then shrank dramatically in the following year.

In value terms, spinach imports shrank rapidly to $X in 2019. Overall, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2018, and then declined significantly in the following year.

Imports by Country

Brazil (X kg) and the United Arab Emirates (X kg) were the main suppliers of spinach imports to Bangladesh, together comprising X% of total imports.

From 2007 to 2019, the biggest increases were in the United Arab Emirates.

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

From 2007 to 2019, the average annual growth rate of value from Brazil was relatively modest.

Import Prices by Country

In 2019, the average spinach import price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the import price recorded a moderate increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2017 to 2019, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Brazil ($X per tonne), while the price for the United Arab Emirates totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the United Arab Emirates.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for spinach in the world?

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China (25M tonnes) constituted the country with the largest volume of spinach consumption, accounting for 91% of total volume.

What are the largest producers of spinach in the world?

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China (25M tonnes) remains the largest spinach producing country worldwide, comprising approx. 91% of total volume.

What are the leading suppliers of spinach to Bangladesh?

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In value terms, Brazil ($43) constituted the largest supplier of spinach to Bangladesh, comprising 86% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($7), with a 14% share of total imports.

What are the leading importers of spinach from Bangladesh?

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In value terms, Belarus ($31K) remains the key foreign market for spinach exports from Bangladesh, comprising 61% of total exports. The second position in the ranking was occupied by Kuwait ($13K), with a 26% share of total exports. It was followed by Singapore, with a 10% share.

What is the average export price for spinach in Bangladesh?

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In 2019, the average spinach export price amounted to $1,815 per tonne, reducing by -9.2% against the previous year.

What is the average import price for spinach in Bangladesh?

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In 2019, the average spinach import price amounted to $1,421 per tonne, surging by 6.1% against the previous year.