Bangladesh: Crispbread Market 2024

Crispbread Market Size in Bangladesh

The Bangladeshi crispbread market expanded modestly to $X in 2021, surging by 1.8% against the previous year. Over the period under review, consumption enjoyed a prominent expansion. Crispbread consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Crispbread Production in Bangladesh

In value terms, crispbread production reached $X in 2021 estimated in export price. Overall, production continues to indicate a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 76% against the previous year. Crispbread production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Crispbread Exports

Exports from Bangladesh

In 2021, overseas shipments of crispbread decreased by -6.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports showed a abrupt descent. The growth pace was the most rapid in 2014 when exports increased by 61% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, crispbread exports surged to $X in 2021. Over the period under review, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 51%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for crispbread exports from Bangladesh, accounting for a 58% share of total exports. Moreover, crispbread exports to the United States exceeded the volume sent to the second major destination, Burkina Faso (X tons), fourfold. The third position in this ranking was taken by Malaysia (X tons), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (-48.8% per year) and Malaysia (+55.3% per year).

In value terms, the United States ($X) remains the key foreign market for crispbread exports from Bangladesh, comprising 78% of total exports. The second position in the ranking was held by Malaysia ($X), with a 7.4% share of total exports. It was followed by Burkina Faso, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +39.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+91.6% per year) and Burkina Faso (-50.0% per year).

Export Prices by Country

The average crispbread export price stood at $X per ton in 2021, surging by 31% against the previous year. Overall, the export price saw a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Burkina Faso ($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 Malaysia (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Crispbread Imports

Imports into Bangladesh

Crispbread imports into Bangladesh skyrocketed to X tons in 2021, rising by 43% against the year before. Overall, imports continue to indicate a strong increase. The growth pace was the most rapid in 2016 with an increase of 756%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, crispbread imports skyrocketed to $X in 2021. In general, imports posted buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 892% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest crispbread supplier to Bangladesh, with a 55% share of total imports. Moreover, crispbread imports from Malaysia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. The third position in this ranking was held by the UK (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia stood at -6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-3.9% per year) and the UK (-15.3% per year).

In value terms, Thailand ($X), Malaysia ($X) and the UK ($X) constituted the largest crispbread suppliers to Bangladesh, with a combined 91% share of total imports.

In terms of the main suppliers, Thailand, with a CAGR of -3.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average crispbread import price amounted to $X per ton, growing by 36% against the previous year. Overall, the import price, however, continues to indicate a noticeable setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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