Bangladesh: Market for Non-Alcoholic Beverages, Not Containing Milk 2024

Market Size for Non-Alcoholic Beverages, Not Containing Milk in Bangladesh

The Bangladeshi market for non-alcoholic beverages, not containing milk totaled $X in 2022, therefore, remained relatively stable against the previous year. Overall, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.2% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; afterwards, it flattened through to 2022.

Production of Non-Alcoholic Beverages, Not Containing Milk in Bangladesh

In value terms, non-alcoholic beverage, not containing milk production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2015 with an increase of 40% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Non-Alcoholic Beverages, Not Containing Milk

Exports from Bangladesh

In 2022, approx. X litres of non-alcoholic beverages, not containing milk were exported from Bangladesh; waning by -3.4% on the previous year's figure. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 173% against the previous year. Over the period under review, the exports reached the maximum at X litres in 2021, and then contracted modestly in the following year.

In value terms, non-alcoholic beverage, not containing milk exports dropped modestly to $X in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 162% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted slightly in the following year.

Exports by Country

India (X litres) was the main destination for non-alcoholic beverage, not containing milk exports from Bangladesh, accounting for a 70% share of total exports. Moreover, non-alcoholic beverage, not containing milk exports to India exceeded the volume sent to the second major destination, the Philippines (X litres), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled +52.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+221.1% per year) and the UK (+61.8% per year).

In value terms, India ($X) remains the key foreign market for non-alcoholic beverages, not containing milk exports from Bangladesh, comprising 59% of total exports. The second position in the ranking was held by the Philippines ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled +47.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+249.9% per year) and the UK (+52.6% per year).

Export Prices by Country

In 2022, the average export price for non-alcoholic beverages, not containing milk amounted to $X per litre, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2015 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices reached the maximum at $X per litre in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Philippines ($X per litre), while the average price for exports to India ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+9.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Alcoholic Beverages, Not Containing Milk

Imports into Bangladesh

In 2022, supplies from abroad of non-alcoholic beverages, not containing milk was finally on the rise to reach X litres for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw a moderate expansion. The pace of growth appeared the most rapid in 2014 with an increase of 229% against the previous year. Over the period under review, imports reached the maximum at X litres in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, non-alcoholic beverage, not containing milk imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 390% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X litres), Cyprus (X litres) and Singapore (X litres) were the main suppliers of non-alcoholic beverage, not containing milk imports to Bangladesh, with a combined 39% share of total imports. The United States, Moldova, the Netherlands and Turkey lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +26.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), South Korea ($X) and the United States ($X) constituted the largest non-alcoholic beverage, not containing milk suppliers to Bangladesh, together comprising 43% of total imports.

In terms of the main suppliers, the United States, with a CAGR of +54.2%, 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 import price for non-alcoholic beverages, not containing milk amounted to $X per litre, declining by -5.9% against the previous year. Overall, the import price, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2018 an increase of 74%. As a result, import price reached the peak level of $X per litre. From 2019 to 2022, the average 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 the United States ($X per litre), while the price for Turkey ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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