Bangladesh: Meat And Poultry Market 2024

Meat And Poultry Market Size in Bangladesh

The Bangladeshi meat and poultry market shrank slightly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, showed a modest increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Meat And Poultry Production in Bangladesh

In value terms, meat and poultry production fell slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Meat and poultry production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The average yield of meat and poultry in Bangladesh amounted to X kg per head in 2022, approximately equating the year before. Over the period under review, the yield saw a mild descent. The most prominent rate of growth was recorded in 2014 when the yield decreased by X%. The meat and poultry yield peaked at X kg per head in 2013; however, from 2014 to 2022, the yield remained at a lower figure.

The number of animals slaughtered for meat and poultry production in Bangladesh shrank to X heads in 2022, almost unchanged from the previous year. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for meat and poultry production peaked at X heads in 2021, and then contracted slightly in the following year.

Meat And Poultry Exports

Exports from Bangladesh

In 2022, the amount of meat and poultry exported from Bangladesh surged to X tons, rising by X% against the previous year. Over the period under review, exports, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat and poultry exports dropped slightly to $X in 2022. Overall, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for meat and poultry exports from Bangladesh, with a X% share of total exports. Moreover, meat and poultry exports to Ireland exceeded the volume sent to the second major destination, Maldives (X tons), twofold. The third position in this ranking was held by Kuwait (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and Kuwait (X% per year).

In value terms, Maldives ($X) remains the key foreign market for meat and poultry exports from Bangladesh, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by Ireland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Maldives totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Ireland (X% per year).

Export Prices by Country

In 2022, the average meat and poultry export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price showed a perceptible decline. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

Meat And Poultry Imports

Imports into Bangladesh

Meat and poultry imports into Bangladesh contracted to X tons in 2022, with a decrease of X% against the previous year. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, meat and poultry imports reduced to $X in 2022. Overall, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, India (X tons) was the main supplier of meat and poultry to Bangladesh, with a X% share of total imports. It was followed by Saudi Arabia (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from India totaled X%.

In value terms, India ($X) constituted the largest supplier of meat and poultry to Bangladesh, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to X%.

Import Prices by Country

In 2022, the average meat and poultry import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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