Bangladesh: Market for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades 2024

Market Size for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in Bangladesh

The Bangladeshi homogenised jam and marmalade market reached $X in 2022, standing approx. at the previous year. In general, consumption recorded a deep downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in Bangladesh

In value terms, homogenised jam and marmalade production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 5.1%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Exports from Bangladesh

In 2022, shipments abroad of homogenised preparations of jams, fruit jellies and marmalades increased by 56% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 419% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, homogenised jam and marmalade exports soared to $X in 2022. Over the period under review, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of 247%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Bolivia (X tons) was the main destination for homogenised jam and marmalade exports from Bangladesh, with a 69% share of total exports. Moreover, homogenised jam and marmalade exports to Bolivia exceeded the volume sent to the second major destination, the UK (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Bolivia amounted to +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+40.5% per year) and Canada (+8.5% per year).

In value terms, the largest markets for homogenised jam and marmalade exported from Bangladesh were the UK ($X), Bolivia ($X) and Canada ($X), together accounting for 96% of total exports.

The UK, with a CAGR of +35.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average homogenised jam and marmalade export price amounted to $X per ton, reducing by -7.3% against the previous year. Overall, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 88%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Bolivia ($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 Canada (-2.6%), while the prices for the other major destinations experienced a decline.

Imports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Imports into Bangladesh

In 2022, homogenised jam and marmalade imports into Bangladesh skyrocketed to X tons, with an increase of 31% on the previous year. Overall, imports, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2014 with an increase of 224% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, homogenised jam and marmalade imports totaled $X in 2022. In general, imports posted a measured increase. The pace of growth appeared the most rapid in 2014 with an increase of 300%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest homogenised jam and marmalade supplier to Bangladesh, accounting for a 78% share of total imports. Moreover, homogenised jam and marmalade imports from Turkey exceeded the figures recorded by the second-largest supplier, Australia (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +15.4%.

In value terms, Turkey ($X) constituted the largest supplier of homogenised preparations of jams, fruit jellies and marmalades to Bangladesh, comprising 72% of total imports. The second position in the ranking was taken by Australia ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled +20.0%.

Import Prices by Country

In 2022, the average homogenised jam and marmalade import price amounted to $X per ton, which is down by -23.9% against the previous year. Overall, the import price, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2020 an increase of 93%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then dropped notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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