Bangladesh: Grapefruit Market 2024

Grapefruit Market Size in Bangladesh

The Bangladeshi grapefruit market reached $X in 2022, picking up by 3% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Grapefruit Production in Bangladesh

In value terms, grapefruit production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when the production volume increased by 22%. Grapefruit production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of grapefruits in Bangladesh contracted rapidly to X tons per ha in 2022, with a decrease of -37.8% compared with 2021. In general, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the yield increased by 120%. As a result, the yield attained the peak level of X tons per ha, and then contracted sharply in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of grapefruits were harvested in Bangladesh; picking up by 63% on the previous year's figure. Overall, the harvested area saw a measured increase. The grapefruit harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Grapefruit Exports

Exports from Bangladesh

Grapefruit exports from Bangladesh declined rapidly to X tons in 2022, with a decrease of -28.7% compared with 2021. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2017 with an increase of 642% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined notably in the following year.

In value terms, grapefruit exports dropped notably to $X in 2022. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2017 with an increase of 780% against the previous year. The exports peaked at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Saudi Arabia (X tons) was the main destination for grapefruit exports from Bangladesh, with a 71% share of total exports. Moreover, grapefruit exports to Saudi Arabia exceeded the volume sent to the second major destination, Qatar (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +21.8%.

In value terms, Saudi Arabia ($X) and Qatar ($X) constituted the largest markets for grapefruit exported from Bangladesh worldwide.

In terms of the main countries of destination, Qatar, with a CAGR of +23.2%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average grapefruit export price stood at $X per ton in 2022, increasing by 4.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 19%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Saudi Arabia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+2.4%).

Grapefruit Imports

Imports into Bangladesh

In 2022, grapefruit imports into Bangladesh reduced to X tons, with a decrease of -9.7% against the previous year. In general, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by 542%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, grapefruit imports shrank to $X in 2022. Over the period under review, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 364%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of grapefruit to Bangladesh, accounting for a 87% share of total imports. Moreover, grapefruit imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +56.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-4.3% per year) and the United Arab Emirates (-11.8% per year).

In value terms, China ($X) constituted the largest supplier of grapefruits to Bangladesh, comprising 84% of total imports. The second position in the ranking was taken by India ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +42.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-1.3% per year) and the United Arab Emirates (-17.2% per year).

Import Prices by Country

The average grapefruit import price stood at $X per ton in 2022, picking up by 4.5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 131% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+34.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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