Bangladesh: Market for Nuts (Prepared Or Preserved) 2024

Market Size for Nuts (Prepared Or Preserved) in Bangladesh

In 2021, the Bangladeshi nuts (prepared or preserved) market decreased by -6.6% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +29.7% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Production of Nuts (Prepared Or Preserved) in Bangladesh

In value terms, nuts (prepared or preserved) production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by 21%. Nuts (prepared or preserved) production peaked at $X in 2020, and then fell in the following year.

Exports of Nuts (Prepared Or Preserved)

Exports from Bangladesh

Nuts (prepared or preserved) exports from Bangladesh reduced to X tons in 2021, with a decrease of -11.8% compared with the previous year. Overall, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of 67% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, nuts (prepared or preserved) exports shrank to $X in 2021. Over the period under review, exports saw a drastic downturn. The growth pace was the most rapid in 2015 with an increase of 52% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons), Qatar (X tons) and the United Arab Emirates (X tons) were the main destinations of nuts (prepared or preserved) exports from Bangladesh, with a combined 71% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +31.5%), while the other leaders experienced mixed trend patterns.

In value terms, Saudi Arabia ($X) remains the key foreign market for nuts (prepared or preserved) exports from Bangladesh, comprising 42% of total exports. The second position in the ranking was taken by Qatar ($X), with a 13% share of total exports. It was followed by India, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia stood at -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+14.9% per year) and India (-20.5% per year).

Export Prices by Country

The average nuts (prepared or preserved) export price stood at $X per ton in 2021, surging by 5.1% against the previous year. In general, the export price, however, showed a slight setback. The pace of growth was the most pronounced in 2018 an increase of 27%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Kuwait ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nuts (Prepared Or Preserved)

Imports into Bangladesh

In 2021, supplies from abroad of nuts (prepared or preserved) was finally on the rise to reach X tons after three years of decline. Overall, imports continue to indicate a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nuts (prepared or preserved) imports skyrocketed to $X in 2021. In general, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 109% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

The United States (X tons), India (X tons) and Thailand (X tons) were the main suppliers of nuts (prepared or preserved) imports to Bangladesh, together accounting for 78% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +82.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Thailand ($X) and India ($X) were the largest nuts (prepared or preserved) suppliers to Bangladesh, together accounting for 75% of total imports.

The United States, with a CAGR of +96.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average nuts (prepared or preserved) import price amounted to $X per ton, declining by -23.8% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 22%. The import price peaked at $X per ton in 2020, and then contracted rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Singapore ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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