Bangladesh: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Bangladesh

In 2021, the Bangladeshi battered fish fillet market decreased by -1.7% to $X for the first time since 2015, thus ending a five-year rising trend. In general, the total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +55.0% against 2015 indices. Over the period under review, the market reached the peak level at $X in 2020, and then declined slightly in the following year.

Battered Fish Fillet Production in Bangladesh

In value terms, battered fish fillet production fell slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +71.3% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30%. Over the period under review, production attained the maximum level at $X in 2020, and then fell modestly in the following year.

Battered Fish Fillet Exports

Exports from Bangladesh

In 2021, overseas shipments of fish fillets in batter or breadcrumbs decreased by -54.8% to X kg, falling for the third consecutive year after two years of growth. Over the period under review, exports recorded a dramatic contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 144%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, battered fish fillet exports dropped markedly to $X in 2021. Overall, exports faced a precipitous setback. The pace of growth appeared the most rapid in 2017 with an increase of 191% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X kg) was the main destination for battered fish fillet exports from Bangladesh, with a 79% share of total exports. Moreover, battered fish fillet exports to France exceeded the volume sent to the second major destination, Australia (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume to France amounted to -22.0%.

In value terms, the largest markets for battered fish fillet exported from Bangladesh were France ($X) and Australia ($X).

Australia, with a CAGR of -21.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average battered fish fillet export price stood at $X per ton in 2021, rising by 2.7% against the previous year. Overall, the export price, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 19% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to France amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+15.6%), while the prices for the other major destinations experienced mixed trend patterns.

Battered Fish Fillet Imports

Imports into Bangladesh

In 2021, overseas purchases of fish fillets in batter or breadcrumbs decreased by -71.9% to X tons, falling for the second year in a row after six years of growth. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 392%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, battered fish fillet imports reduced sharply to $X in 2021. Over the period under review, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 365% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of battered fish fillet to Bangladesh, with a 80% share of total imports. Moreover, battered fish fillet imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. The third position in this ranking was held by South Korea (X kg), with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to +43.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+25.8% per year) and South Korea (+32.3% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of fish fillets in batter or breadcrumbs to Bangladesh, comprising 67% of total imports. The second position in the ranking was held by Thailand ($X), with a 12% share of total imports. It was followed by South Korea, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +38.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+42.2% per year) and South Korea (+40.8% per year).

Import Prices by Country

The average battered fish fillet import price stood at $X per ton in 2021, picking up by 31% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, battered fish fillet import price increased by +69.5% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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