Bangladesh: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Bangladesh

After two years of growth, the Bangladeshi non-wheat groats market decreased by -2.3% to $X in 2021. Over the period under review, consumption, however, showed a pronounced slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Non-Wheat Groats Production in Bangladesh

In value terms, non-wheat groats production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2019 with an increase of 18% against the previous year. Non-wheat groats production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Non-Wheat Groats Exports

Exports from Bangladesh

Non-wheat groats exports from Bangladesh reduced sharply to X tons in 2021, waning by -36.9% on the previous year. Overall, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 44% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-wheat groats exports dropped remarkably to $X in 2021. In general, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of 123% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for non-wheat groats exports from Bangladesh, with a 96% share of total exports. Moreover, non-wheat groats exports to Saudi Arabia exceeded the volume sent to the second major destination, Canada (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia was relatively modest.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for groats and meal of cereals (excluding wheat) exports from Bangladesh, comprising 96% of total exports. The second position in the ranking was held by Canada ($X), with a 3.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia was relatively modest.

Export Prices by Country

The average non-wheat groats export price stood at $X per ton in 2021, with a decrease of -51.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 82% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted notably in the following year.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Wheat Groats Imports

Imports into Bangladesh

In 2021, overseas purchases of groats and meal of cereals (excluding wheat) increased by 22% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 32%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, non-wheat groats imports soared to $X in 2021. Overall, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 32%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest non-wheat groats supplier to Bangladesh, with a 43% share of total imports. Moreover, non-wheat groats imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. India (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to -28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-28.5% per year) and India (+27.0% per year).

In value terms, Spain ($X) constituted the largest supplier of groats and meal of cereals (excluding wheat) to Bangladesh, comprising 40% of total imports. The second position in the ranking was held by China ($X), with a 6.8% share of total imports. It was followed by Myanmar, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at -20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-42.0% per year) and Myanmar (-18.1% per year).

Import Prices by Country

The average non-wheat groats import price stood at $X per ton in 2021, approximately mirroring the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 71%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Myanmar ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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