Bangladesh: Lactose Market 2025

Lactose Market Size in Bangladesh

For the fourth consecutive year, the Bangladeshi lactose market recorded growth in sales value, which increased by 1.8% to $X in 2022. Overall, consumption enjoyed strong growth. Lactose consumption peaked in 2022 and is likely to see gradual growth in years to come.

Lactose Exports

Exports from Bangladesh

In 2017, approx. X kg of lactose and lactose syrup were exported from Bangladesh; growing by 21% on the year before. Overall, exports, however, showed a significant curtailment. The growth pace was the most rapid in 2016 with an increase of 29% against the previous year. Over the period under review, the exports hit record highs at X kg in 2014; however, from 2015 to 2017, the exports failed to regain momentum.

In value terms, lactose exports soared to $X in 2017. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 216%. Over the period under review, the exports reached the maximum in 2017 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X kg) was the main destination for lactose exports from Bangladesh, accounting for a approx. 100% share of total exports.

From 2014 to 2017, the average annual rate of growth in terms of volume to Germany amounted to +1,245.4%.

In value terms, Germany ($X) emerged as the key foreign market for lactose and lactose syrup exports from Bangladesh.

From 2014 to 2017, the average annual rate of growth in terms of value to Germany stood at +1,137.6%.

Export Prices by Country

The average lactose export price stood at $X per ton in 2017, with an increase of 10% against the previous year. Overall, the export price showed significant growth. The most prominent rate of growth was recorded in 2016 an increase of 144% against the previous year. Over the period under review, the average export prices attained the maximum in 2017 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2014 to 2017, the rate of growth in terms of prices for Germany amounted to -8.0% per year.

Lactose Imports

Imports into Bangladesh

For the fourth year in a row, Bangladesh recorded growth in supplies from abroad of lactose and lactose syrup, which increased by 7.8% to X tons in 2022. Overall, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 54%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, lactose imports contracted slightly to $X in 2022. In general, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by 57%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced slightly in the following year.

Imports by Country

New Zealand (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of lactose imports to Bangladesh, with a combined 83% share of total imports. France, the United States and India lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +93.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lactose suppliers to Bangladesh were New Zealand ($X), Germany ($X) and the Netherlands ($X), with a combined 82% share of total imports. France, the United States and India lagged somewhat behind, together accounting for a further 14%.

France, with a CAGR of +55.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lactose import price stood at $X per ton in 2022, shrinking by -8.3% against the previous year. In general, the import price continues to indicate a pronounced contraction. The growth pace was the most rapid in 2021 an increase of 15% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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