Bangladesh: Meat Market 2024

Meat Market Size in Bangladesh

The Bangladeshi meat market dropped to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Meat Production in Bangladesh

In value terms, meat production shrank to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The average yield of meat in Bangladesh stood at X kg per head in 2022, standing approx. at the previous year's figure. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. As a result, the yield reached the peak level of X kg per head. From 2019 to 2022, the growth of the average meat yield failed to regain momentum.

The number of animals slaughtered for meat production in Bangladesh dropped to X heads in 2022, approximately mirroring the previous year. Over the period under review, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for meat production peaked at X heads in 2021, and then dropped modestly in the following year.

Meat Exports

Exports from Bangladesh

In 2022, the amount of meat exported from Bangladesh fell markedly to X tons, waning by X% compared with 2021. In general, exports recorded a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, meat exports shrank remarkably to $X in 2022. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Maldives (X tons), Kuwait (X tons) and Saudi Arabia (X tons) were the main destinations of meat exports from Bangladesh, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

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

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

Export Prices by Country

The average meat export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Kuwait ($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 Imports

Imports into Bangladesh

In 2022, the amount of meat imported into Bangladesh reduced to X tons, falling by X% on the previous year. Overall, imports, however, showed a significant increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, meat imports dropped modestly to $X in 2022. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure 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 to Bangladesh, accounting for 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 amounted to X%.

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

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

Import Prices by Country

The average meat import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 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 Saudi Arabia ($X per ton), while the price for India stood at $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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