Bangladesh: Frozen Salmonoids Market 2022

Frozen Salmonoids Market Size in Bangladesh

After five years of growth, the Bangladeshi frozen salmonoids market decreased by -X% to $X in 2020. In general, the total consumption indicated a prominent increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2019, and then declined in the following year.

Frozen Salmonoids Production in Bangladesh

In value terms, frozen salmonoids production shrank modestly to $X in 2020 estimated in export prices. In general, the total production indicated pronounced growth 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, production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% against the previous year. Frozen salmonoids production peaked at $X in 2019, and then fell in the following year.

Frozen Salmonoids Exports

Exports from Bangladesh

In 2020, overseas shipments of frozen salmonoids increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, frozen salmonoids exports skyrocketed to $X in 2020. Overall, exports, however, showed a mild decrease. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for frozen salmonoids exports from Bangladesh, with a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Saudi Arabia totaled -X%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for frozen salmonoids exports from Bangladesh.

From 2007 to 2020, the average annual growth rate of value to Saudi Arabia totaled -X%.

Export Prices by Country

The average frozen salmonoids export price stood at $X per ton in 2020, shrinking by -X% against the previous year. Overall, export price indicated a remarkable increase from 2007 to 2020: its price 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, frozen salmonoids export price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2009 an increase of X% y-o-y. Over the period under review, average export prices attained the maximum at $X per ton in 2019, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2007 to 2020, the rate of growth in terms of prices for Saudi Arabia amounted to +X% per year.

Frozen Salmonoids Imports

Imports into Bangladesh

In 2020, frozen salmonoids imports into Bangladesh contracted to X tons, dropping by -X% on the previous year's figure. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, frozen salmonoids imports declined to $X in 2020. In general, imports continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Mauritania (X tons) constituted the largest supplier of frozen salmonoids to Bangladesh, with a X% share of total imports. Moreover, frozen salmonoids imports from Mauritania exceeded the figures recorded by the second-largest supplier, Pakistan (X kg), sevenfold. The United Arab Emirates (X kg) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Mauritania totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (-X% per year) and the United Arab Emirates (X% per year).

In value terms, Mauritania ($X), Pakistan ($X) and Saudi Arabia ($X) appeared to be the largest frozen salmonoids suppliers to Bangladesh, together comprising X% of total imports.

In terms of the main suppliers, Mauritania (+X% per year) saw the highest growth rate of 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

In 2020, the average frozen salmonoids import price amounted to $X per ton, growing by X% against the previous year. In general, the import price posted a prominent increase. The pace of growth was the most pronounced in 2018 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure in 2020 and is likely to see gradual growth in years to come.

Prices varied noticeably by the country of origin; the country with the highest price was Saudi Arabia ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mauritania, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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