Report Update Jan 1, 2025

Bangladesh - Ground-Nut - Market Analysis, Forecast, Size, Trends and Insights

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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

Frequently Asked Questions (FAQ) :

What are the largest markets for ground-nut (in-shell) in the world?

The countries with the highest volumes of groundnuts consumption in 2020 were China, India and Nigeria, together accounting for 61% of global consumption. Sudan, the United States, Senegal, Myanmar, Argentina, Guinea, Indonesia and Chad lagged somewhat behind, together accounting for a further 24%.

What are the largest producers of ground-nut (in-shell) in the world?

The countries with the highest volumes of groundnuts production in 2020 were China, India and Nigeria, together comprising 60% of global production. These countries were followed by the United States, Sudan, Senegal, Myanmar, Argentina, Guinea, Indonesia and Chad, which together accounted for a further 24%.

What are the leading suppliers of ground-nut (in-shell) to Bangladesh?

In value terms, India constituted the largest supplier of groundnuts to Bangladesh.

What are the leading importers of ground-nut (in-shell) from Bangladesh?

In value terms, Afghanistan remains the key foreign market for groundnuts exports from Bangladesh.

What is the average export price for ground-nut (in-shell) in Bangladesh?

The average groundnuts export price stood at $549 per ton in 2019, increasing by 7.8% against the previous year.

What is the average import price for ground-nut (in-shell) in Bangladesh?

In 2020, the average groundnuts import price amounted to $719 per ton, declining by -11.2% against the previous year.

This report provides an in-depth analysis of the groundnuts market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 242 - Groundnuts, in shell

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024