Bangladesh: Potato Starch Market 2024

Potato Starch Market Size in Bangladesh

In 2021, the Bangladeshi potato starch market increased by 1.1% to $X, rising for the sixth consecutive year after two years of decline. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Potato starch consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Potato Starch Production in Bangladesh

In value terms, potato starch production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 13%. Over the period under review, production attained the peak level at $X in 2020, and then contracted in the following year.

Potato Starch Exports

Exports from Bangladesh

After two years of decline, overseas shipments of potato starch increased by 148% to X tons in 2021. Over the period under review, exports enjoyed a buoyant expansion. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, potato starch exports skyrocketed to $X in 2021. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 134% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for potato starch exports from Bangladesh, with a 75% share of total exports. Moreover, potato starch exports to India exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to +18.1%.

In value terms, India ($X) and Saudi Arabia ($X) were the largest markets for potato starch exported from Bangladesh worldwide.

Saudi Arabia, with a CAGR of +43.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average potato starch export price stood at $X per ton in 2021, with a decrease of -44.6% against the previous year. Over the period under review, the export price, however, posted pronounced growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 81%. As a result, the export price attained the peak level of $X per ton, and then contracted notably in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to India amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Potato Starch Imports

Imports into Bangladesh

In 2021, approx. X tons of potato starch were imported into Bangladesh; picking up by 257% on the previous year. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 409% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, potato starch imports soared to $X in 2021. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 292% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Denmark (X tons) constituted the largest potato starch supplier to Bangladesh, accounting for a 45% share of total imports. Moreover, potato starch imports from Denmark exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark stood at +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+22.0% per year) and Poland (+31.6% per year).

In value terms, Denmark ($X) constituted the largest supplier of potato starch to Bangladesh, comprising 52% of total imports. The second position in the ranking was taken by France ($X), with a 19% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark stood at +31.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+22.0% per year) and Germany (+9.5% per year).

Import Prices by Country

In 2021, the average potato starch import price amounted to $X per ton, waning by -31.6% against the previous year. Over the period under review, the import price saw a noticeable decline. The most prominent rate of growth was recorded in 2014 an increase of 30%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, 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 Denmark ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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