Report Update Nov 1, 2024

Bangladesh - Butter and Dairy Spreads - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in Bangladesh

The Bangladeshi butter and dairy spreads market rose rapidly to $X in 2022, with an increase of 9% 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 continues to indicate a significant expansion. Butter and dairy spreads consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Exports of Butter And Dairy Spreads

Exports from Bangladesh

In 2022, overseas shipments of butter and dairy spreads decreased by -18.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 158%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted remarkably in the following year.

In value terms, butter and dairy spreads exports totaled $X in 2022. In general, exports, however, showed strong growth. The pace of growth was the most pronounced in 2020 when exports increased by 127% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for butter and dairy spreads exports from Bangladesh, with a 82% share of total exports. Moreover, butter and dairy spreads exports to the United States exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +21.4%.

In value terms, the United States ($X) remains the key foreign market for butter and dairy spreads exports from Bangladesh, comprising 94% of total exports. The second position in the ranking was taken by Brunei Darussalam ($X), with a 3.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +20.1%.

Export Prices by Country

The average butter and dairy spreads export price stood at $X per ton in 2022, rising by 24% against the previous year. In general, the export price, however, recorded a pronounced curtailment. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Brunei Darussalam amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+15.1%), while the prices for the other major destinations experienced a decline.

Imports of Butter And Dairy Spreads

Imports into Bangladesh

In 2022, after four years of growth, there was decline in overseas purchases of butter and dairy spreads, when their volume decreased by less than 0.1% to X tons. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 161%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank slightly in the following year.

In value terms, butter and dairy spreads imports contracted to $X in 2022. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 275% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced modestly in the following year.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of butter and dairy spreads to Bangladesh, with a 68% share of total imports. Moreover, butter and dairy spreads imports from New Zealand exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Australia (X tons), with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from New Zealand amounted to +42.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+33.5% per year) and Australia (+12.0% per year).

In value terms, New Zealand ($X) constituted the largest supplier of butter and dairy spreads to Bangladesh, comprising 70% of total imports. The second position in the ranking was held by India ($X), with a 24% share of total imports. It was followed by Denmark, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value from New Zealand totaled +44.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+33.7% per year) and Denmark (+11.1% per year).

Import Prices by Country

The average butter and dairy spreads import price stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 44%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for butter and dairy spreads in the world?

The countries with the highest volumes of butter and dairy spreads consumption in 2020 were India, the United States and Pakistan, together comprising 34% of global consumption. These countries were followed by Germany, France, Russia, Turkey, New Zealand, Iran, the UK, China, Canada and Egypt, which together accounted for a further 37%.

What are the largest producers of butter and dairy spreads in the world?

The countries with the highest volumes of butter and dairy spreads production in 2020 were India, the United States and Pakistan, with a combined 34% share of global production. New Zealand, Germany, France, Ireland, Turkey, Russia, Iran, Poland, the UK and the Netherlands lagged somewhat behind, together accounting for a further 38%.

What are the leading suppliers of butter and dairy spreads to Bangladesh?

In value terms, New Zealand constituted the largest supplier of butter and dairy spreads to Bangladesh, comprising 60% of total imports. The second position in the ranking was occupied by India, with a 16% share of total imports. It was followed by Ireland, with an 11% share.

What are the leading importers of butter and dairy spreads from Bangladesh?

In value terms, the United States remains the key foreign market for butter and dairy spreads exports from Bangladesh, comprising 68% of total exports. The second position in the ranking was occupied by Saudi Arabia, with a 32% share of total exports.

What is the average export price for butter and dairy spreads in Bangladesh?

The average butter and dairy spreads export price stood at $1,585 per ton in 2020, falling by -21.9% against the previous year.

What is the average import price for butter and dairy spreads in Bangladesh?

The average butter and dairy spreads import price stood at $4,030 per ton in 2020, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the market for butter and dairy spreads 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 983 - Butter and Ghee of Sheep Milk
FCL 1022 - Butter of Goat Milk
FCL 952 - Butter of Buffalo Milk
FCL 886 - Butter of Cow Milk

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, PRODUCING ANIMALS 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. Producing Animals Slaughtered, 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