Bangladesh: Groundnuts Market 2025

Groundnuts Market Size in Bangladesh

After two years of growth, the Bangladeshi groundnuts market decreased by -1.4% to $X in 2022. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Groundnuts Production in Bangladesh

In value terms, groundnuts production rose sharply to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2016 with an increase of 65% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average groundnuts yield in Bangladesh fell to X tons per ha, with a decrease of -1.7% against the year before. The yield figure increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the yield increased by 10%. The groundnuts yield peaked at X tons per ha in 2021, and then fell 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 ground-nut (in-shell) were harvested in Bangladesh; waning by -3.2% on the previous year. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the harvested area increased by 12% against the previous year. The groundnuts harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area remained at a lower figure.

Groundnuts Exports

Exports from Bangladesh

After three years of decline, overseas shipments of ground-nut (in-shell) decreased by 0% to X tons in 2022. Over the period under review, exports saw a deep reduction. The pace of growth was the most pronounced in 2016 when exports increased by 963%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, groundnuts exports stood at $X in 2022. In general, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 1,500%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for groundnuts exports from Bangladesh, accounting for a 93% share of total exports. Moreover, groundnuts exports to Canada exceeded the volume sent to the second major destination, Singapore (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Canada was relatively modest.

In value terms, the largest markets for groundnuts exported from Bangladesh were Canada ($X) and Singapore ($X).

Singapore, with a CAGR of +158.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average groundnuts export price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 51% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+31.6%), while the prices for the other major destinations experienced mixed trend patterns.

Groundnuts Imports

Imports into Bangladesh

Groundnuts imports into Bangladesh skyrocketed to X tons in 2022, jumping by 15% against the previous year. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2019 with an increase of 212%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, groundnuts imports expanded notably to $X in 2022. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 170% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) was the main groundnuts supplier to Bangladesh, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +23.0%.

In value terms, India ($X) constituted the largest supplier of ground-nut (in-shell) to Bangladesh.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +24.8%.

Import Prices by Country

In 2022, the average groundnuts import price amounted to $X per ton, dropping by -3.1% against the previous year. Overall, the import price, however, showed a mild expansion. The most prominent rate of growth was recorded in 2021 an increase of 6.2%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +11.7% per year.

Source: IndexBox Platform

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