Report Update Nov 1, 2024

Bangladesh - Dry Vegetable - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Dry Vegetable Market 2024

Dry Vegetable Market Size in Bangladesh

In 2022, the Bangladeshi dry vegetable market decreased by -1.3% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption saw a buoyant increase. Over the period under review, the market reached the peak level at $X in 2021, and then dropped slightly in the following year.

Dry Vegetable Exports

Exports from Bangladesh

In 2022, the amount of dry vegetables exported from Bangladesh surged to X tons, with an increase of 90% on 2021 figures. In general, exports, however, continue to indicate a abrupt curtailment. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, dry vegetable exports skyrocketed to $X in 2022. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 63% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X kg), Italy (X kg) and Canada (X kg) were the main destinations of dry vegetable exports from Bangladesh, together comprising 51% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +119.0%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for dry vegetables exports from Bangladesh, comprising 35% of total exports. The second position in the ranking was taken by Singapore ($X), with a 7.8% share of total exports. It was followed by Canada, with a 6% share.

From 2012 to 2022, the average annual growth rate of value to Italy totaled +162.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-3.9% per year) and Canada (+2.6% per year).

Export Prices by Country

The average dry vegetable export price stood at $X per ton in 2022, shrinking by -16.5% against the previous year. In general, the export price showed a pronounced slump. The pace of growth was the most pronounced in 2017 when the average export price increased by 37%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Singapore ($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 Italy (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Vegetable Imports

Imports into Bangladesh

For the fourth consecutive year, Bangladesh recorded growth in overseas purchases of dry vegetables, which increased by 7.3% to X tons in 2022. Over the period under review, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 123%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, dry vegetable imports declined to $X in 2022. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 141% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest dry vegetable supplier to Bangladesh, accounting for a 88% share of total imports. Moreover, dry vegetable imports from India exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +19.2%.

In value terms, India ($X) constituted the largest supplier of dry vegetables to Bangladesh, comprising 71% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at +13.8%.

Import Prices by Country

In 2022, the average dry vegetable import price amounted to $X per ton, shrinking by -15.2% against the previous year. Overall, the import price continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 when the average import price increased by 62% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+28.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for dry vegetables in the world?

The countries with the highest volumes of in 2021 were the Philippines, Israel and Taiwan Chinese), together comprising 22% of global consumption. These countries were followed by Germany, Pakistan, Russia, South Korea, Japan, Canada, the United States, Morocco, the UK and Egypt, which together accounted for a further 32%.

What are the largest producers of dry vegetables in the world?

The country with the largest volume of dry vegetable production was China, comprising approx. 30% of total volume. Moreover, dry vegetable production in China exceeded the figures recorded by the second-largest producer, India, threefold. The Philippines ranked third in terms of total production with a 9.4% share.

What are the leading suppliers of dry vegetables to Bangladesh?

In value terms, India constituted the largest supplier of dry vegetable to Bangladesh, comprising 53% of total imports. The second position in the ranking was occupied by the United States, with an 18% share of total imports. It was followed by Pakistan, with a 14% share.

What are the leading importers of dry vegetables from Bangladesh?

In value terms, the largest markets for dry vegetable exported from Bangladesh were Nigeria, Malaysia and Singapore $958), together accounting for 69% of total exports.

What is the average export price for dry vegetables in Bangladesh?

The average dry vegetable export price stood at $4,422 per ton in 2021, reducing by -15.6% against the previous year.

What is the average import price for dry vegetables in Bangladesh?

In 2021, the average dry vegetable import price amounted to $1,361 per ton, surging by 9.2% against the previous year.

This report provides an in-depth analysis of the dry vegetable market 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:

FCL 469 - Vegetables, Dehydrated

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
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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