Bangladesh: Preserved Sweet Corn Market 2023

Preserved Sweet Corn Market Size in Bangladesh

The Bangladeshi preserved sweet corn market soared to $X in 2021, increasing by 27% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed prominent growth. Preserved sweet corn consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Preserved Sweet Corn Exports

Exports from Bangladesh

In 2017, after two years of growth, there was decline in shipments abroad of sweet corn prepared or preserved, when their volume decreased by 0% to X tons. Over the period under review, total exports indicated significant growth from 2015 to 2017: its volume increased at an average annual rate of +25.6% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, exports increased by +57.9% against 2015 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 58%. The exports peaked in 2017 and are expected to retain growth in the immediate term.

In value terms, preserved sweet corn exports fell notably to $X in 2017. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 38% against the previous year. As a result, the exports attained the peak of $X, and then declined markedly in the following year.

Exports by Country

France (X tons) was the main destination for preserved sweet corn exports from Bangladesh, with a approx. 100% share of total exports.

From 2015 to 2017, the average annual rate of growth in terms of volume to France was relatively modest.

In value terms, France ($X) also remains the key foreign market for preserved sweet corn exports from Bangladesh.

From 2015 to 2017, the average annual rate of growth in terms of value to France totaled -27.2%.

Export Prices by Country

The average preserved sweet corn export price stood at $X per ton in 2017, which is down by -27.2% against the previous year. In general, the export price faced a precipitous slump. The pace of growth appeared the most rapid in 2016 a decrease of -12.8% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2017, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for France.

From 2015 to 2017, the rate of growth in terms of prices for France amounted to -27.1% per year.

Preserved Sweet Corn Imports

Imports into Bangladesh

Preserved sweet corn imports into Bangladesh skyrocketed to X tons in 2021, surging by 38% against 2020. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 91% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, preserved sweet corn imports surged to $X in 2021. Over the period under review, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 85% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of preserved sweet corn to Bangladesh, accounting for a 81% share of total imports. Moreover, preserved sweet corn imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. The third position in this ranking was taken by Vietnam (X tons), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +34.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+71.3% per year) and Vietnam (-8.0% per year).

In value terms, China ($X) constituted the largest supplier of preserved sweet corn to Bangladesh, comprising 68% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 12% share of total imports. It was followed by Vietnam, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +44.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+104.6% per year) and Vietnam (-11.7% per year).

Import Prices by Country

In 2021, the average preserved sweet corn import price amounted to $X per ton, dropping by -9% against the previous year. In general, the import price saw a noticeable slump. The most prominent rate of growth was recorded in 2017 an increase of 8.3% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Malaysia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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