Bangladesh: Maize Market 2025

Maize Market Size in Bangladesh

The Bangladeshi maize market rose to $X in 2022, picking up by 4.4% against the previous year. Over the period under review, consumption enjoyed a prominent expansion. Maize consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Maize Production in Bangladesh

In value terms, maize production rose notably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 36%. Maize production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of maize in Bangladesh dropped to X tons per ha in 2022, remaining stable against the year before. The yield figure increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 with an increase of 6.3% against the previous year. Over the period under review, the average maize yield attained the peak level at X tons per ha in 2021, and then declined slightly 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.

The maize harvested area in Bangladesh reduced slightly to X ha in 2022, remaining stable against the previous year's figure. Overall, the harvested area, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2014 when the harvested area increased by 31%. The maize harvested area peaked at X ha in 2021, and then fell modestly in the following year.

Maize Exports

Exports from Bangladesh

After three years of decline, overseas shipments of maize increased by 49% to X tons in 2022. Over the period under review, exports continue to indicate a measured expansion. The pace of growth was the most pronounced in 2018 when exports increased by 82% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, maize exports surged to $X in 2022. In general, exports posted a noticeable increase. The growth pace was the most rapid in 2018 with an increase of 80%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Nepal (X tons) was the main destination for maize exports from Bangladesh, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Nepal totaled +17.3%.

In value terms, Nepal ($X) also remains the key foreign market for maize exports from Bangladesh.

From 2012 to 2022, the average annual growth rate of value to Nepal amounted to +21.0%.

Export Prices by Country

The average maize export price stood at $X per ton in 2022, waning by -2.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 8.8% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Nepal amounted to +3.1% per year.

Maize Imports

Imports into Bangladesh

In 2022, approx. X tons of maize were imported into Bangladesh; rising by 11% on the previous year. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 137%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, maize imports declined to $X in 2022. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 126% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of maize to Bangladesh, with a 66% share of total imports. Moreover, maize imports from India exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold. Argentina (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from India stood at +48.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+11.4% per year) and Argentina (+19.9% per year).

In value terms, India ($X) constituted the largest supplier of maize to Bangladesh, comprising 68% of total imports. The second position in the ranking was held by Brazil ($X), with a 17% share of total imports. It was followed by Argentina, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from India totaled +38.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+9.9% per year) and Argentina (+19.4% per year).

Import Prices by Country

In 2022, the average maize import price amounted to $X per ton, declining by -14.6% against the previous year. In general, the import price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2021 an increase of 36% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 Brazil ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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