Bangladesh: Maize Market 2025

Maize Market Size in Bangladesh

The Bangladeshi maize market reached $X in 2022, with an increase of 11% against the previous year. Overall, consumption, however, recorded a perceptible setback. Maize consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Maize Production in Bangladesh

In value terms, maize production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

In 2022, the average yield of maize (green) in Bangladesh totaled less than X kg per ha, leveling off at 2021. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of maize (green) were harvested in Bangladesh; standing approx. at the year before. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Maize Exports

Exports from Bangladesh

In 2022, approx. X tons of maize (green) were exported from Bangladesh; reducing by -14.3% compared with the year before. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 515%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, maize exports declined sharply to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 446% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), the UK (X tons) and Kuwait (X tons) were the main destinations of maize exports from Bangladesh, with a combined 68% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +136.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for maize (green) exports from Bangladesh, comprising 36% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 18% share of total exports. It was followed by Kuwait, with a 17% share.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to +44.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+132.0% per year) and Kuwait (+46.5% per year).

Export Prices by Country

The average maize export price stood at $X per ton in 2022, which is down by -7.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2021 an increase of 21% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Saudi Arabia ($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 (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Imports

Imports into Bangladesh

After three years of growth, supplies from abroad of maize (green) decreased by -22% to X tons in 2022. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2013 with an increase of 293%. Imports peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, maize imports dropped remarkably to $X in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 382% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then declined rapidly in the following year.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of maize to Bangladesh, with a 71% share of total imports. Moreover, maize imports from Thailand exceeded the figures recorded by the second-largest supplier, India (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand totaled +81.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+57.1% per year) and China (+72.4% per year).

In value terms, Thailand ($X) constituted the largest supplier of maize (green) to Bangladesh, comprising 81% of total imports. The second position in the ranking was taken by China ($X), with an 8.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Thailand totaled +70.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+65.4% per year) and India (+51.2% per year).

Import Prices by Country

The average maize import price stood at $X per ton in 2022, declining by -12.4% against the previous year. In general, the import price showed a drastic downturn. The growth pace was the most rapid in 2021 when the average import price increased by 53% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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