Bangladesh: Frozen Boiled Potatoes Market 2022

Frozen Boiled Potatoes Market Size in Bangladesh

In 2020, the Bangladeshi frozen boiled potatoes market decreased by -X% to $X, falling for the second year in a row after four years of growth. Overall, the total consumption indicated a pronounced expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. from 2019 to 2020, the growth of the market remained at a lower figure.

Frozen Boiled Potatoes Production in Bangladesh

In value terms, frozen boiled potatoes production declined to $X in 2020 estimated in export prices. In general, production recorded a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. As a result, production reached the peak level of $X. from 2019 to 2020, production growth remained at a lower figure.

Frozen Boiled Potatoes Exports

Exports from Bangladesh

In 2020, approx. X tons of frozen boiled potatoes were exported from Bangladesh; surging by X% on the year before. In general, exports, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. As a result, exports attained the peak of X tons. from 2018 to 2020, the growth exports remained at a lower figure.

In value terms, frozen boiled potatoes exports shrank sharply to $X in 2020. Over the period under review, exports, however, enjoyed moderate growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for frozen boiled potatoes exports from Bangladesh, with a X% share of total exports. Moreover, frozen boiled potatoes exports to Saudi Arabia exceeded the volume sent to the second major destination, Malaysia (X tons), eightfold. The United Arab Emirates (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Saudi Arabia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-X% per year) and the United Arab Emirates (-X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for frozen boiled potatoes exports from Bangladesh, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Saudi Arabia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Vietnam (-X% per year).

Export Prices by Country

The average frozen boiled potatoes export price stood at $X per ton in 2020, which is down by -X% against the previous year. Over the period under review, the export price, however, posted strong growth. The pace of growth was the most pronounced in 2018 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per ton in 2019, and then contracted sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Boiled Potatoes Imports

Imports into Bangladesh

In 2020, approx. X tons of frozen boiled potatoes were imported into Bangladesh; rising by X% compared with 2019. Overall, imports enjoyed a noticeable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen boiled potatoes imports surged to $X in 2020. In general, imports showed perceptible growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, India (X tons) constituted the largest supplier of frozen boiled potatoes to Bangladesh, accounting for a X% share of total imports. Moreover, frozen boiled potatoes imports from India exceeded the figures recorded by the second-largest supplier, Singapore (X tons), fivefold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+X% per year) and the United Arab Emirates (-X% per year).

In value terms, the largest frozen boiled potatoes suppliers to Bangladesh were India ($X), Singapore ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

In terms of the main suppliers, Singapore saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average frozen boiled potatoes import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a slight slump. The pace of growth was the most pronounced in 2008 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2017; however, from 2018 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Singapore ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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