Bangladesh: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in Bangladesh

The Bangladeshi market for crispbread, rusks and toasted bread shrank modestly to $X in 2022, falling by -4.5% against the previous year. Overall, consumption recorded a mild setback. Crispbread, rusk and toasted bread consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Crispbread, Rusks and Toasted Bread in Bangladesh

In value terms, crispbread, rusk and toasted bread production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2015 when the production volume increased by 16%. Crispbread, rusk and toasted bread production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Crispbread, Rusks and Toasted Bread

Exports from Bangladesh

After six years of growth, shipments abroad of crispbread, rusks and toasted bread decreased by -14.3% to X tons in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 122%. Over the period under review, the exports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, crispbread, rusk and toasted bread exports declined dramatically to $X in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 109% against the previous year. The exports peaked at $X in 2021, and then shrank sharply in the following year.

Exports by Country

India (X tons) was the main destination for crispbread, rusk and toasted bread exports from Bangladesh, with a 44% share of total exports. Moreover, crispbread, rusk and toasted bread exports to India exceeded the volume sent to the second major destination, Malaysia (X tons), threefold. The third position in this ranking was held by Nepal (X tons), with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at +39.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+59.2% per year) and Nepal (+54.4% per year).

In value terms, India ($X) remains the key foreign market for crispbread, rusks and toasted bread exports from Bangladesh, comprising 58% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 7.4% share of total exports. It was followed by Nepal, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value to India amounted to +50.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+41.7% per year) and Nepal (+69.7% per year).

Export Prices by Country

In 2022, the average export price for crispbread, rusks and toasted bread amounted to $X per ton, reducing by -3.9% against the previous year. Overall, the export price continues to indicate a slight decline. The pace of growth appeared the most rapid in 2021 when the average export price increased by 10%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 the UK ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crispbread, Rusks and Toasted Bread

Imports into Bangladesh

In 2022, crispbread, rusk and toasted bread imports into Bangladesh declined rapidly to X tons, waning by -24% against the previous year. Overall, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 807%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, crispbread, rusk and toasted bread imports fell sharply to $X in 2022. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 638%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of crispbread, rusk and toasted bread to Bangladesh, with a 20% share of total imports. Moreover, crispbread, rusk and toasted bread imports from Thailand exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), ninefold. The third position in this ranking was taken by Denmark (X kg), with a 0.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+32.4% per year) and Denmark (-13.1% per year).

In value terms, Thailand ($X) constituted the largest supplier of crispbread, rusks and toasted bread to Bangladesh, comprising 13% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 5.9% share of total imports. It was followed by the United Arab Emirates, with a 0.9% share.

From 2012 to 2022, the average annual growth rate of value from Thailand amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+47.7% per year) and the United Arab Emirates (+58.7% per year).

Import Prices by Country

The average import price for crispbread, rusks and toasted bread stood at $X per ton in 2022, falling by -6.2% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crispbread, rusk and toasted bread import price increased by +22.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 31%. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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