Bangladesh: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Bangladesh

The Bangladeshi market for powdered, evaporated and condensed milk declined to $X in 2022, waning by X% against the previous year. Overall, consumption, however, posted a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted in the following year.

Production of Powdered, Evaporated And Condensed Milk in Bangladesh

In value terms, powdered, evaporated and condensed milk production stood at $X in 2022 estimated in export price. Overall, production recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by X,900%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Powdered, Evaporated And Condensed Milk

Exports from Bangladesh

After two years of growth, shipments abroad of powdered, evaporated and condensed milk decreased by X% to X tons in 2022. In general, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, powdered, evaporated and condensed milk exports amounted to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Nepal (X tons) was the main destination for powdered, evaporated and condensed milk exports from Bangladesh, with a X% share of total exports. Moreover, powdered, evaporated and condensed milk exports to Nepal exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), twofold. Maldives (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Nepal ($X), Brunei Darussalam ($X) and Maldives ($X) appeared to be the largest markets for powdered, evaporated and condensed milk exported from Bangladesh worldwide, with a combined X% share of total exports.

Brunei Darussalam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for powdered, evaporated and condensed milk stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 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 Singapore ($X per ton), while the average price for exports to Malaysia ($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 Singapore (X%), while the prices for the other major destinations experienced a decline.

Imports of Powdered, Evaporated And Condensed Milk

Imports into Bangladesh

In 2022, imports of powdered, evaporated and condensed milk into Bangladesh shrank slightly to X tons, with a decrease of X% against the year before. Over the period under review, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, powdered, evaporated and condensed milk imports contracted to $X in 2022. Overall, imports, however, posted resilient growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest powdered, evaporated and condensed milk supplier to Bangladesh, accounting for a X% share of total imports. Moreover, powdered, evaporated and condensed milk imports from New Zealand exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken 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 ($X) constituted the largest supplier of powdered, evaporated and condensed milk to Bangladesh, comprising X% of total imports. The second position in the ranking was held by India ($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 totaled 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 import price for powdered, evaporated and condensed milk amounted to $X per ton, declining by X% against the previous year. In general, the import price showed a slight decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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

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