Bangladesh: Baby Food Market 2024

Baby Food Market Size in Bangladesh

After two years of growth, the Bangladeshi baby food market decreased by -3.5% to $X in 2021. Over the period under review, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +13.7% against 2018 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Baby Food Production in Bangladesh

In value terms, baby food production declined modestly to $X in 2021 estimated in export price. Overall, the total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +7.5% against 2018 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 65%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Baby Food Exports

Exports from Bangladesh

In 2021, shipments abroad of food preparations for infants decreased by -33.7% to X tons, falling for the fifth year in a row after three years of growth. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2014 with an increase of 487% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, baby food exports contracted rapidly to $X in 2021. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 777%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons), Burundi (X tons) and South Africa (X tons) were the main destinations of baby food exports from Bangladesh.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +56.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Burundi ($X) remains the key foreign market for food preparations for infants exports from Bangladesh, comprising 90% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 8.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Burundi amounted to +51.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+24.3% per year) and South Africa (+81.4% per year).

Export Prices by Country

The average baby food export price stood at $X per ton in 2021, with an increase of 3.9% against the previous year. Overall, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 135%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Burundi ($X per ton), while the average price for exports to Malaysia ($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 South Africa (+16.5%), while the prices for the other major destinations experienced mixed trend patterns.

Baby Food Imports

Imports into Bangladesh

For the third year in a row, Bangladesh recorded growth in overseas purchases of food preparations for infants, which increased by 20% to X tons in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +9.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +84.6% against 2015 indices. The pace of growth was the most pronounced in 2017 with an increase of 47% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, baby food imports soared to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.6% against 2016 indices. The pace of growth was the most pronounced in 2017 when imports increased by 38%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of baby food to Bangladesh, accounting for a 38% share of total imports. Moreover, baby food imports from India exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. The Philippines (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+25.2% per year) and the Philippines (-11.4% per year).

In value terms, India ($X) constituted the largest supplier of food preparations for infants to Bangladesh, comprising 30% of total imports. The second position in the ranking was taken by Australia ($X), with a 12% share of total imports. It was followed by the Philippines, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+33.2% per year) and the Philippines (-10.7% per year).

Import Prices by Country

In 2021, the average baby food import price amounted to $X per ton, dropping by -3.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 12% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Australia ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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