Bangladesh: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in Bangladesh

In 2021, the Bangladeshi market for concentrated lemon and other citrus fruit juice increased by 51% to $X, rising for the sixth consecutive year after three years of decline. Overall, consumption enjoyed a buoyant expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Production of Concentrated Lemon And Other Citrus Fruit Juice in Bangladesh

In value terms, production of concentrated lemon and other citrus fruit juice declined markedly to $X in 2021 estimated in export price. Overall, production, however, posted slight growth. The pace of growth was the most pronounced in 2013 when the production volume increased by 0.4%. Over the period under review, production of attained the maximum level at $X in 2020, and then dropped sharply in the following year.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports from Bangladesh

Exports of concentrated lemon and other citrus fruit juice from Bangladesh dropped remarkably to X tons in 2021, waning by -17.2% against 2020. In general, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 440%. The exports peaked at X tons in 2020, and then plummeted in the following year.

In value terms, exports of concentrated lemon and other citrus fruit juice contracted significantly to $X in 2021. Over the period under review, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by 452%. Over the period under review, the exports of hit record highs at $X in 2020, and then fell notably in the following year.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of concentrated lemon and other citrus fruit juice from Bangladesh, with a 76% share of total exports. Moreover, exports of concentrated lemon and other citrus fruit juice to Saudi Arabia exceeded the volume sent to the second major destination, Oman (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia stood at +36.7%.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for concentrated lemon and other citrus fruit juice exports from Bangladesh, comprising 82% of total exports. The second position in the ranking was taken by Oman ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia totaled +29.8%.

Export Prices by Country

The average export price for concentrated lemon and other citrus fruit juice stood at $X per ton in 2021, waning by -6% against the previous year. In general, the export price recorded a pronounced decline. The growth pace was the most rapid in 2018 an increase of 38%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Oman stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports into Bangladesh

In 2021, the amount of concentrated lemon and other citrus fruit juice imported into Bangladesh skyrocketed to X tons, growing by 796% against 2020. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of concentrated lemon and other citrus fruit juice surged to $X in 2021. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of concentrated lemon and other citrus fruit juice to Bangladesh, accounting for a 70% share of total imports. Moreover, imports of concentrated lemon and other citrus fruit juice from the United States exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fourfold. Thailand (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +58.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (0.0% per year) and Thailand (+9.5% per year).

In value terms, the United States ($X) constituted the largest supplier of concentrated lemon and other citrus fruit juice to Bangladesh, comprising 62% of total imports. The second position in the ranking was taken by the UK ($X), with a 14% share of total imports. It was followed by Malaysia, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +38.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+31.7% per year) and Malaysia (0.0% per year).

Import Prices by Country

In 2021, the average import price for concentrated lemon and other citrus fruit juice amounted to $X per ton, declining by -29.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 39% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then dropped significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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