Bangladesh: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Bangladesh

The Bangladeshi dried or smoked fish market expanded modestly to $X in 2021, rising by 1.5% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Dried Or Smoked Fish in Bangladesh

In value terms, dried or smoked fish production fell slightly to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 18% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Dried Or Smoked Fish

Exports from Bangladesh

In 2021, shipments abroad of dried or smoked fish increased by 63% to X tons for the first time since 2014, thus ending a six-year declining trend. Overall, exports, however, saw a deep slump. The growth pace was the most rapid in 2014 with an increase of 370%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, dried or smoked fish exports soared to $X in 2021. In general, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 112%. As a result, the exports reached 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 smoked fish exports from Bangladesh, accounting for a 79% share of total exports. Moreover, dried or smoked fish exports to India exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), eightfold. Malaysia (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-18.3% per year) and Malaysia (+54.6% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for dried or smoked fish exports from Bangladesh, comprising 56% of total exports. The second position in the ranking was held by India ($X), with a 28% share of total exports. It was followed by Malaysia, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR totaled -12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+3.3% per year) and Malaysia (+44.3% per year).

Export Prices by Country

The average dried or smoked fish export price stood at $X per ton in 2021, declining by -28% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 141%. As a result, the export price attained the peak level of $X per ton, and then declined notably 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 Nepal (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Smoked Fish

Imports into Bangladesh

After two years of growth, purchases abroad of dried or smoked fish decreased by -49.7% to X tons in 2021. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 283% against the previous year. Imports peaked at X tons in 2020, and then contracted notably in the following year.

In value terms, dried or smoked fish imports shrank rapidly to $X in 2021. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 301% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then fell sharply in the following year.

Imports by Country

In 2021, Myanmar (X tons) was the main supplier of dried or smoked fish to Bangladesh, with a 99% share of total imports. It was followed by Oman (X tons), with a 0.8% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Myanmar amounted to +136.4%.

In value terms, Myanmar ($X) constituted the largest supplier of dried or smoked fish to Bangladesh, comprising 100% of total imports. The second position in the ranking was held by Oman ($X), with a 0.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Myanmar stood at +117.4%.

Import Prices by Country

The average dried or smoked fish import price stood at $X per ton in 2021, growing by 60% against the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Myanmar ($X per ton), while the price for Oman stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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