Bangladesh: Frozen Vegetable Market 2024

Frozen Vegetable Market Size in Bangladesh

The Bangladeshi frozen vegetable market reduced to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption showed a perceptible setback. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Frozen Vegetable Production in Bangladesh

In value terms, frozen vegetable production fell to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Frozen Vegetable Exports

Exports from Bangladesh

In 2022, exports of frozen vegetables from Bangladesh declined to X tons, reducing by X% on the year before. In general, total exports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2017 indices. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen vegetable exports contracted to $X in 2022. Over the period under review, total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

The UK (X tons) was the main destination for frozen vegetable exports from Bangladesh, with a X% share of total exports. Moreover, frozen vegetable exports to the UK exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and the United States (X% per year).

In value terms, the UK ($X) remains the key foreign market for frozen vegetables exports from Bangladesh, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Italy (X% per year).

Export Prices by Country

The average frozen vegetable export price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X%. The export price peaked at $X per ton in 2020; afterwards, it flattened through to 2022.

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

Frozen Vegetable Imports

Imports into Bangladesh

In 2022, after two years of growth, there was significant decline in supplies from abroad of frozen vegetables, when their volume decreased by X% to X tons. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen vegetable imports declined notably to $X in 2022. Over the period under review, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and India (X tons) were the main suppliers of frozen vegetable imports to Bangladesh, together accounting for X% of total imports. The United States, Egypt and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen vegetable suppliers to Bangladesh were the Netherlands ($X), Belgium ($X) and India ($X), with a combined X% share of total imports. The United States, Egypt and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Egypt, with a CAGR of X.3%, recorded 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

The average frozen vegetable import price stood at $X per ton in 2022, stabilizing at the previous year. In general, the import price saw a noticeable slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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