Bangladesh: Canned Meat Market 2024

Canned Meat Market Size in Bangladesh

The Bangladeshi canned meat market declined modestly to $X in 2021, falling by -1.6% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Canned Meat Production in Bangladesh

In value terms, canned meat production totaled $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 64% against the previous year. Canned meat production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Canned Meat Exports

Exports from Bangladesh

After three years of growth, shipments abroad of canned meat decreased by -42.9% to X tons in 2021. In general, exports recorded a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 182% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, canned meat exports rose notably to $X in 2021. Over the period under review, exports showed a slight setback. The most prominent rate of growth was recorded in 2013 with an increase of 350%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for canned meat exports from Bangladesh, accounting for a 97% share of total exports. It was followed by Maldives (X tons), with a 1.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR stood at -7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+60.4% per year) and Kuwait (+3,391.9% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for canned meat exports from Bangladesh, comprising 96% of total exports. The second position in the ranking was taken by Maldives ($X), with a 2.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR stood at -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+65.2% per year) and Kuwait (+604.8% per year).

Export Prices by Country

In 2021, the average canned meat export price amounted to $X per ton, with an increase of 85% against the previous year. In general, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 98%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

Canned Meat Imports

Imports into Bangladesh

In 2021, after two years of decline, there was significant growth in overseas purchases of canned meat, when their volume increased by 68% to X tons. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 187% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, canned meat imports surged to $X in 2021. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 264% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

Saudi Arabia (X tons), Malaysia (X tons) and Brazil (X tons) were the main suppliers of canned meat imports to Bangladesh, with a combined 75% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +20.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of canned meat to Bangladesh, comprising 37% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 17% share of total imports. It was followed by Brazil, with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia amounted to +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+13.2% per year) and Brazil (+20.9% per year).

Import Prices by Country

The average canned meat import price stood at $X per ton in 2021, growing by 18% against the previous year. Overall, the import price recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 48% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Saudi Arabia ($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 (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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