Bangladesh: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in Bangladesh

The Bangladeshi fresh beef carcase market reached $X in 2022, flattening at the previous year. In general, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.6% against 2020 indices. Fresh beef carcase consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Fresh Beef Carcase Production in Bangladesh

In value terms, fresh beef carcase production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.1% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 23% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Fresh Beef Carcase Exports

Exports from Bangladesh

In 2022, after four years of decline, there was significant growth in overseas shipments of fresh or chilled carcases of beef and veal, when their volume increased by 7.7% to X tons. Over the period under review, exports, however, continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2013 with an increase of 76%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh beef carcase exports surged to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 83% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Maldives (X tons) was the main destination for fresh beef carcase exports from Bangladesh, with a 79% share of total exports. Moreover, fresh beef carcase exports to Maldives exceeded the volume sent to the second major destination, Germany (X kg), eightfold. The third position in this ranking was taken by the Czech Republic (X kg), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to Maldives amounted to +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+8.6% per year) and the Czech Republic (+227.3% per year).

In value terms, Maldives ($X) remains the key foreign market for fresh or chilled carcases of beef and veal exports from Bangladesh, comprising 58% of total exports. The second position in the ranking was taken by Germany ($X), with a 19% share of total exports. It was followed by the Czech Republic, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value to Maldives totaled +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+20.3% per year) and the Czech Republic (+324.0% per year).

Export Prices by Country

The average fresh beef carcase export price stood at $X per ton in 2022, with an increase of 17% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh beef carcase export price increased by +144.4% against 2013 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Maldives ($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 Luxembourg (+59.5%), while the prices for the other major destinations experienced more modest paces of growth.

Fresh Beef Carcase Imports

Imports into Bangladesh

In 2022, purchases abroad of fresh or chilled carcases of beef and veal increased by 0.5% to X tons, rising for the second consecutive year after five years of decline. In general, imports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 5,578% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, fresh beef carcase imports amounted to $X in 2022. Overall, imports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 3,327%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of fresh beef carcase to Bangladesh, with a 78% share of total imports. Moreover, fresh beef carcase imports from Thailand exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Australia (X kg) ranked third in terms of total imports with a 0.4% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand totaled +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.7% per year) and Australia (-42.5% per year).

In value terms, Thailand ($X) constituted the largest supplier of fresh or chilled carcases of beef and veal to Bangladesh, comprising 66% of total imports. The second position in the ranking was held by the United States ($X), with a 26% share of total imports. It was followed by Australia, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from Thailand totaled +37.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.4% per year) and Australia (-29.0% per year).

Import Prices by Country

The average fresh beef carcase import price stood at $X per ton in 2022, approximately equating the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 89%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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