Report Update Nov 1, 2024

Bangladesh - Flours, Meals and Pellets of Fish - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in Bangladesh

The Bangladeshi fish meals and pellet market shrank rapidly to $X in 2021, reducing by -21.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, enjoyed a significant increase. Fish meals and pellet consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Flours, Meals And Pellets Of Fish

Exports from Bangladesh

In 2021, shipments abroad of flours, meals and pellets of fish decreased by -20.1% to X kg, falling for the sixth year in a row after two years of growth. Over the period under review, exports faced a sharp shrinkage. The pace of growth was the most pronounced in 2015 when exports increased by 67%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, fish meals and pellet exports declined markedly to $X in 2021. Overall, exports showed a significant decline. The pace of growth was the most pronounced in 2015 with an increase of 61%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X kg) was the main destination for fish meals and pellet exports from Bangladesh, accounting for a 60% share of total exports. Moreover, fish meals and pellet exports to Malaysia exceeded the volume sent to the second major destination, China (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-30.8% per year) and Hong Kong SAR (-51.7% per year).

In value terms, China ($X) remains the key foreign market for flours, meals and pellets of fish exports from Bangladesh, comprising 68% of total exports. The second position in the ranking was held by Malaysia ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -22.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (0.0% per year) and Hong Kong SAR (-61.3% per year).

Export Prices by Country

The average fish meals and pellet export price stood at $X per ton in 2021, almost unchanged from the previous year. Over the period under review, the export price, however, continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 36%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Hong Kong SAR ($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 China (+11.2%).

Imports of Flours, Meals And Pellets Of Fish

Imports into Bangladesh

In 2021, the amount of flours, meals and pellets of fish imported into Bangladesh dropped notably to X tons, declining by -23% against the year before. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 1,066% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, fish meals and pellet imports declined remarkably to $X in 2021. Over the period under review, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 1,035% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Myanmar (X tons) and Pakistan (X tons) were the main suppliers of fish meals and pellet imports to Bangladesh.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar (with a CAGR of +107.8%).

In value terms, Pakistan ($X) and Myanmar ($X) were the largest fish meals and pellet suppliers to Bangladesh.

Among the main suppliers, Myanmar, with a CAGR of +68.2%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average fish meals and pellet import price stood at $X per ton in 2021, rising by 4% against the previous year. Over the period under review, the import price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2019 an increase of 61%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Pakistan ($X per ton), while the price for Myanmar totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+4.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for flours, meals and pellets of fish in the world?

China remains the largest fish meals and pellet consuming country worldwide, accounting for 17% of total volume. Moreover, fish meals and pellet consumption in China exceeded the figures recorded by the second-largest consumer, Pakistan, threefold. The third position in this ranking was occupied by the United States, with a 5.9% share.

What are the largest producers of flours, meals and pellets of fish in the world?

The country with the largest volume of fish meals and pellet production was China, comprising approx. 20% of total volume. Moreover, fish meals and pellet production in China exceeded the figures recorded by the second-largest producer, Pakistan, threefold. The United States ranked third in terms of total production with a 6.8% share.

What are the leading suppliers of flours, meals and pellets of fish to Bangladesh?

In value terms, the largest fish meals and pellet suppliers to Bangladesh were Pakistan and Myanmar.

What are the leading importers of flours, meals and pellets of fish from Bangladesh?

In value terms, Hong Kong SAR remains the key foreign market for fish meals and pellet exports from Bangladesh.

What is the average export price for flours, meals and pellets of fish in Bangladesh?

In 2020, the average fish meals and pellet export price amounted to $8,052 per ton, approximately equating the previous year.

What is the average import price for flours, meals and pellets of fish in Bangladesh?

In 2020, the average fish meals and pellet import price amounted to $1,767 per ton, rising by 15% against the previous year.

This report provides an in-depth analysis of the market for fish meals and pellet 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 10202200 - Flours, meals and pellets of fish, fit for human consumption, f ish livers and roes, dried, smoked, salted or in brine

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