Report Update Nov 1, 2024

Bangladesh - Dried or Salted Fish - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in Bangladesh

In 2021, the Bangladeshi dried or salted fish market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, showed a abrupt decrease. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Dried Or Salted Fish in Bangladesh

In value terms, dried or salted fish production soared to $X in 2021 estimated in export price. Over the period under review, production, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 21%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Dried Or Salted Fish

Exports from Bangladesh

In 2021, shipments abroad of dried or salted fish increased by 18% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of 276%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, dried or salted fish exports declined sharply to $X in 2021. Overall, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of 190%. 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

India (X tons) was the main destination for dried or salted fish exports from Bangladesh, with a 86% share of total exports. Moreover, dried or salted fish exports to India exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), more than tenfold. Malaysia (X tons) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume to India amounted to -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-19.1% per year) and Malaysia (+55.3% per year).

In value terms, India ($X), Hong Kong SAR ($X) and Macao SAR ($X) constituted the largest markets for dried or salted fish exported from Bangladesh worldwide, together comprising 89% of total exports.

Macao SAR, with a CAGR of +166.8%, recorded the highest rates of growth with regard to 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 dried or salted fish export price stood at $X per ton in 2021, shrinking by -50.2% against the previous year. Overall, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2019 when the average export price increased by 44%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then fell dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to India ($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 Macao SAR (+11.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Dried Or Salted Fish

Imports into Bangladesh

After two years of growth, supplies from abroad of dried or salted fish decreased by -13.5% to X tons in 2021. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 777% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020, and then dropped in the following year.

In value terms, dried or salted fish imports declined significantly to $X in 2021. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2015 with an increase of 657%. Imports peaked at $X in 2020, and then shrank sharply in the following year.

Imports by Country

In 2021, Myanmar (X tons) was the main dried or salted fish supplier to Bangladesh, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Myanmar stood at +164.9%.

In value terms, Myanmar ($X) constituted the largest supplier of dried or salted fish to Bangladesh.

From 2012 to 2021, the average annual growth rate of value from Myanmar stood at +130.2%.

Import Prices by Country

The average dried or salted fish import price stood at $X per ton in 2021, falling by -5.7% against the previous year. Over the period under review, the import price showed a slight downturn. The pace of growth appeared the most rapid in 2014 an increase of 30% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Myanmar.

From 2012 to 2021, the rate of growth in terms of prices for Pakistan amounted to -1.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for dried or salted fish in the world?

The countries with the highest volumes of dried or salted fish consumption in 2020 were Indonesia, China and the Philippines, together accounting for 31% of global consumption.

What are the largest producers of dried or salted fish in the world?

The countries with the highest volumes of dried or salted fish production in 2020 were Indonesia, China and the Philippines, with a combined 35% share of global production. These countries were followed by India, the U.S., Norway, Portugal, Japan, Vietnam, Russia, Germany, Bangladesh and Angola, which together accounted for a further 28%.

What are the leading suppliers of dried or salted fish to Bangladesh?

In value terms, Myanmar constituted the largest supplier of dried or salted fish to Bangladesh.

What are the leading importers of dried or salted fish from Bangladesh?

In value terms, Hong Kong SAR remains the key foreign market for dried or salted fish exports from Bangladesh, comprising 84% of total exports. The second position in the ranking was occupied by Macao SAR, with a 7.3% share of total exports. It was followed by the U.S., with a 5% share.

What is the average export price for dried or salted fish in Bangladesh?

The average dried or salted fish export price stood at $8,582 per ton in 2020, increasing by 29% against the previous year.

What is the average import price for dried or salted fish in Bangladesh?

In 2020, the average dried or salted fish import price amounted to $2,480 per ton, with a decrease of -37.7% against the previous year.

This report provides an in-depth analysis of the market for dried or salted fish in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10202350 - Dried fish, whether or not salted, fish, salted but not dried, fish in brine (excluding fillets, smoked, heads, tails and maws)
Prodcom 10202300 -

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023