Bangladesh: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in Bangladesh

The Bangladeshi lettuce and chicory market expanded rapidly to $X in 2022, rising by 5.5% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Lettuce And Chicory Production in Bangladesh

In value terms, lettuce and chicory production rose markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by 24%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

The average yield of lettuce and chicory in Bangladesh amounted to X tons per ha in 2022, flattening at the previous year's figure. The yield figure increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the yield increased by 21% against the previous year. The lettuce and chicory yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of lettuce and chicory production in Bangladesh shrank modestly to X ha, approximately equating 2021. In general, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 4.1%. Over the period under review, the harvested area dedicated to lettuce and chicory production reached the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Lettuce And Chicory Exports

Exports from Bangladesh

Lettuce and chicory exports from Bangladesh reduced dramatically to X tons in 2022, which is down by -77.7% on the year before. Overall, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 379%. The exports peaked at X tons in 2021, and then contracted remarkably in the following year.

In value terms, lettuce and chicory exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 496%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Ireland (X tons), Malaysia (X tons) and Kuwait (X kg) were the main destinations of lettuce and chicory exports from Bangladesh, with a combined 73% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +8.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Ireland ($X) emerged as the key foreign market for lettuce and chicory exports from Bangladesh, comprising 82% of total exports. The second position in the ranking was held by Malaysia ($X), with a 7.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Ireland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+11.7% per year) and Kuwait (-2.8% per year).

Export Prices by Country

In 2022, the average lettuce and chicory export price amounted to $X per ton, with an increase of 477% against the previous year. Overall, the export price posted a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Malaysia ($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 Saudi Arabia (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Lettuce And Chicory Imports

Imports into Bangladesh

In 2022, the amount of lettuce and chicory imported into Bangladesh reduced markedly to X tons, shrinking by -35.9% against the previous year's figure. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 803% against the previous year. Imports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, lettuce and chicory imports reduced notably to $X in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 507% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), the Netherlands (X tons) and Egypt (X tons) were the main suppliers of lettuce and chicory imports to Bangladesh, together accounting for 50% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +122.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Egypt ($X) and Thailand ($X) were the largest lettuce and chicory suppliers to Bangladesh, together comprising 53% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +135.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average lettuce and chicory import price amounted to $X per ton, reducing by -3.7% against the previous year. Overall, the import price saw a noticeable decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 55% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained 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 the Netherlands ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+15.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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