Bangladesh: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in Bangladesh

The Bangladeshi temporarily preserved vegetable market rose significantly to $X in 2022, picking up by 12% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Temporarily Preserved Vegetable Production in Bangladesh

In value terms, temporarily preserved vegetable production surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 117%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Temporarily Preserved Vegetable Exports

Exports from Bangladesh

In 2022, approx. X tons of vegetables (temporarily preserved) were exported from Bangladesh; waning by -93.4% against 2021 figures. In general, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 1,124% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, temporarily preserved vegetable exports fell sharply to $X in 2022. Over the period under review, exports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 603%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons), Malta (X kg) and France (X kg) were the main destinations of temporarily preserved vegetable exports from Bangladesh, together accounting for 57% of total exports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Malta ($X) emerged as the key foreign market for vegetables (temporarily preserved) exports from Bangladesh, comprising 29% of total exports. The second position in the ranking was held by Sweden ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Malta was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (0.0% per year) and France (-50.9% per year).

Export Prices by Country

The average temporarily preserved vegetable export price stood at $X per ton in 2022, surging by 104% against the previous year. Overall, the export price saw a notable expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 109%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malta ($X per ton), while the average price for exports to Sweden ($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 France (+18.3%), while the prices for the other major destinations experienced mixed trend patterns.

Temporarily Preserved Vegetable Imports

Imports into Bangladesh

In 2022, imports of vegetables (temporarily preserved) into Bangladesh soared to X tons, growing by 102% compared with 2021. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,506% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, temporarily preserved vegetable imports soared to $X in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 873% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest temporarily preserved vegetable supplier to Bangladesh, with a 31% share of total imports. Moreover, temporarily preserved vegetable imports from Spain exceeded the figures recorded by the second-largest supplier, India (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +335.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+38.2% per year) and Singapore (+15.4% per year).

In value terms, Spain ($X) constituted the largest supplier of vegetables (temporarily preserved) to Bangladesh, comprising 36% of total imports. The second position in the ranking was held by Singapore ($X), with a 5.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +979.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+14.0% per year) and India (+0.9% per year).

Import Prices by Country

In 2022, the average temporarily preserved vegetable import price amounted to $X per ton, increasing by 14% against the previous year. Over the period under review, the import price, however, showed a abrupt setback. The growth pace was the most rapid in 2014 when the average import price increased by 30% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+147.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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