Bangladesh: Frozen Potato Market 2024

Frozen Potato Market Size in Bangladesh

In 2021, the Bangladeshi frozen potato market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a noticeable decrease. Frozen potato consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Frozen Potato Production in Bangladesh

In value terms, frozen potato production soared to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2018 when the production volume increased by 62% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Frozen Potato Exports

Exports from Bangladesh

In 2021, after two years of growth, there was significant decline in shipments abroad of frozen potatoes, when their volume decreased by -21.3% to X tons. Over the period under review, exports saw a slight contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 395%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen potato exports skyrocketed to $X in 2021. In general, exports recorded a pronounced downturn. The growth pace was the most rapid in 2017 with an increase of 292% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) was the main destination for frozen potato exports from Bangladesh, accounting for a 72% share of total exports. Moreover, frozen potato exports to Indonesia exceeded the volume sent to the second major destination, Saudi Arabia (X tons), ninefold. The third position in this ranking was taken by Italy (X tons), with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia totaled +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-4.0% per year) and Italy (+32.6% per year).

In value terms, Indonesia ($X) remains the key foreign market for frozen potatoes exports from Bangladesh, comprising 60% of total exports. The second position in the ranking was held by the UK ($X), with an 8.5% share of total exports. It was followed by Saudi Arabia, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia totaled +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+26.9% per year) and Saudi Arabia (-14.4% per year).

Export Prices by Country

In 2021, the average frozen potato export price amounted to $X per ton, jumping by 61% against the previous year. Over the period under review, the export price, however, continues to indicate a mild setback. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Brunei Darussalam ($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 Malaysia (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Potato Imports

Imports into Bangladesh

In 2021, overseas purchases of frozen potatoes were finally on the rise to reach X tons after two years of decline. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 223%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, frozen potato imports surged to $X in 2021. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 187% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and the United States (X tons) were the main suppliers of frozen potato imports to Bangladesh, with a combined 54% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +37.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen potato suppliers to Bangladesh were Belgium ($X), the Netherlands ($X) and the United States ($X), with a combined 54% share of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +33.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen potato import price stood at $X per ton in 2021, declining by -2% against the previous year. In general, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by 13% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United States ($X per ton) and India ($X per ton), while the price for Egypt ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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