Report Update Nov 1, 2024

Bangladesh - Avocados - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Avocado Market 2024

Avocado Market Size in Bangladesh

The Bangladeshi avocado market shrank dramatically to $X in 2022, with a decrease of -43.1% against the previous year. Over the period under review, consumption, however, continues to indicate a significant increase. Avocado consumption peaked at $X in 2021, and then dropped rapidly in the following year.

Avocado Production in Bangladesh

In value terms, avocado production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a dramatic contraction. The growth pace was the most rapid in 2013 when the production volume decreased by 99.9%. Avocado production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of avocados in Bangladesh was estimated at less than X kg per ha, remaining constant against the previous year. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The avocado harvested area in Bangladesh stood at less than X ha in 2022, remaining stable against the previous year's figure. Overall, the harvested area recorded a relatively flat trend pattern.

Avocado Exports

Exports from Bangladesh

For the third year in a row, Bangladesh recorded growth in shipments abroad of avocados, which increased by 1,652% to X tons in 2022. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, avocado exports surged to $X in 2022. Over the period under review, exports saw strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Norway (X tons) was the main destination for avocado exports from Bangladesh, accounting for a 90% share of total exports. Moreover, avocado exports to Norway exceeded the volume sent to the second major destination, South Africa (X kg), ninefold.

From 2014 to 2022, the average annual growth rate of volume to Norway was relatively modest.

From 2014 to 2022, the average annual rate of growth in terms of value to Norway was relatively modest.

Export Prices by Country

The average avocado export price stood at $X per ton in 2022, falling by -49.2% against the previous year. In general, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2015 an increase of 45%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to South Africa stood at $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (-19.6%).

Avocado Imports

Imports into Bangladesh

In 2022, approx. X tons of avocados were imported into Bangladesh; waning by -21.4% on the year before. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 478% against the previous year. Imports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, avocado imports fell dramatically to $X in 2022. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 222% against the previous year. Imports peaked at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest avocado supplier to Bangladesh, accounting for a 34% share of total imports. Moreover, avocado imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Kenya (X tons), with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+82.3% per year) and Kenya (+51.1% per year).

In value terms, Australia ($X), Kenya ($X) and the United Arab Emirates ($X) constituted the largest avocado suppliers to Bangladesh, with a combined 60% share of total imports.

Among the main suppliers, Kenya, with a CAGR of +71.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average avocado import price amounted to $X per ton, approximately mirroring the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 40%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Australia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+13.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for avocados in the world?

The countries with the highest volumes of avocado consumption in 2020 were Mexico, the United States and the Dominican Republic, with a combined 42% share of global consumption. These countries were followed by Colombia, Indonesia, Brazil, Kenya, Peru, Haiti, China, France, Guatemala and Canada, which together accounted for a further 32%.

What are the largest producers of avocados in the world?

Mexico constituted the country with the largest volume of avocado production, accounting for 32% of total volume. Moreover, avocado production in Mexico exceeded the figures recorded by the second-largest producer, the Dominican Republic, fourfold. The third position in this ranking was occupied by Peru, with an 8.8% share.

What are the leading suppliers of avocados to Bangladesh?

In value terms, the United Arab Emirates constituted the largest supplier of avocado to Bangladesh, comprising 71% of total imports. The second position in the ranking was occupied by Australia, with a 15% share of total imports. It was followed by Kenya, with a 13% share.

What is the average import price for avocados in Bangladesh?

The average avocado import price stood at $1,130 per ton in 2020, rising by 6.3% against the previous year.

This report provides an in-depth analysis of the avocado market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 572 - Avocados

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023