Report Update Nov 1, 2024

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

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Bangladesh: Cassava Market 2024

Cassava Market Size in Bangladesh

In 2022, after two years of growth, there was decline in the Bangladeshi cassava market, when its value decreased by -1.2% to $X. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Cassava Production in Bangladesh

In value terms, cassava production stood at $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 37%. Cassava production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

In 2022, the average yield of cassava in Bangladesh totaled less than X kg per ha, stabilizing at the year before. In general, the yield showed 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.

In 2022, the total area harvested in terms of cassava production in Bangladesh stood at less than X ha, leveling off at 2021 figures. In general, the harvested area recorded a relatively flat trend pattern.

Cassava Exports

Exports from Bangladesh

In 2022, overseas shipments of cassava increased by 17% to X kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports posted a prominent increase. The growth pace was the most rapid in 2013 when exports increased by 389% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, cassava exports soared to $X in 2022. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 410%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lebanon (X kg) was the main destination for cassava exports from Bangladesh, accounting for a 56% share of total exports. Moreover, cassava exports to Lebanon exceeded the volume sent to the second major destination, Singapore (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lebanon stood at +16.5%.

In value terms, Lebanon ($X) remains the key foreign market for cassava exports from Bangladesh, comprising 72% of total exports. The second position in the ranking was held by Singapore ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Lebanon amounted to +23.7%.

Export Prices by Country

The average cassava export price stood at $X per ton in 2022, increasing by 21% against the previous year. Over the period under review, the export price, however, saw a pronounced setback. The pace of growth was the most pronounced in 2016 when the average export price increased by 99%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+11.1%), while the prices for the other major destinations experienced mixed trend patterns.

Cassava Imports

Imports into Bangladesh

In 2020, approx. X kg of cassava were imported into Bangladesh; flattening at 2019. Overall, imports showed a sharp slump. The most prominent rate of growth was recorded in 2015 with an increase of 59% against the previous year. As a result, imports reached the peak of X kg. From 2016 to 2020, the growth of imports remained at a lower figure.

In value terms, cassava imports totaled $X in 2020. In general, imports showed a pronounced slump. The pace of growth appeared the most rapid in 2015 when imports increased by 60% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2020, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2020, Singapore (X kg) was the main cassava supplier to Bangladesh, with a approx. 100% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of volume from Singapore was relatively modest.

In value terms, Singapore ($X) constituted the largest supplier of cassava to Bangladesh.

From 2012 to 2020, the average annual rate of growth in terms of value from Singapore was relatively modest.

Import Prices by Country

In 2020, the average cassava import price amounted to $X per ton, approximately equating the previous year. In general, the import price posted a significant increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 0.4%. The import price peaked in 2020 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Singapore.

From 2012 to 2020, the rate of growth in terms of prices for India amounted to +0.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cassava in the world?

The countries with the highest volumes of cassava consumption in 2021 were Nigeria, Democratic Republic of the Congo and Thailand, with a combined 43% share of global consumption. These countries were followed by Ghana, Brazil, Indonesia, Vietnam, Angola, China, Tanzania, Cambodia, Cote d'Ivoire and Malawi, which together accounted for a further 37%.

What are the largest producers of cassava in the world?

The countries with the highest volumes of cassava production in 2021 were Nigeria, Democratic Republic of the Congo and Thailand, with a combined 43% share of global production. Ghana, Brazil, Indonesia, Vietnam, Angola, Tanzania, Cambodia, Cote d'Ivoire, Malawi and Mozambique lagged somewhat behind, together comprising a further 36%.

What are the leading suppliers of cassava to Bangladesh?

In value terms, Singapore $167) constituted the largest supplier of cassava to Bangladesh.

What are the leading importers of cassava from Bangladesh?

In value terms, Lebanon remains the key foreign market for cassava exports from Bangladesh.

What is the average export price for cassava in Bangladesh?

The average cassava export price stood at $1,931 per ton in 2021, dropping by -5.8% against the previous year.

What is the average import price for cassava in Bangladesh?

In 2020, the average cassava import price amounted to $4,175 per ton, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the cassava 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 125 - Cassava

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