Bangladesh: Dairy Produce Market 2025

Dairy Produce Market Size in Bangladesh

The Bangladeshi dairy produce market contracted to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Dairy produce consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Dairy Produce Production in Bangladesh

In value terms, dairy produce production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Dairy Produce Exports

Exports from Bangladesh

In 2022, exports of dairy produce from Bangladesh fell rapidly to X tons, which is down by X% on the previous year's figure. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, dairy produce exports reduced to $X in 2022. In general, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped slightly in the following year.

Exports by Country

India (X tons) was the main destination for dairy produce exports from Bangladesh, with a X% share of total exports. Moreover, dairy produce exports to India exceeded the volume sent to the second major destination, the Philippines (X tons), twofold. The third position in this ranking was taken by Brunei Darussalam (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Brunei Darussalam (X% per year).

In value terms, India ($X), the Philippines ($X) and the United States ($X) appeared to be the largest markets for dairy produce exported from Bangladesh worldwide, together comprising X% of total exports.

India, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dairy produce export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, recorded a deep setback. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nepal ($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 the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Produce Imports

Imports into Bangladesh

In 2022, the amount of dairy produce imported into Bangladesh shrank to X tons, falling by X% compared with the previous year. Overall, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, dairy produce imports fell to $X in 2022. In general, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of dairy produce to Bangladesh, with a X% share of total imports. Moreover, dairy produce imports from New Zealand exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by Australia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from New Zealand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Australia (X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of dairy produce to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from New Zealand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

In 2022, the average dairy produce import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Australia ($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 Czech Republic (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :