Bangladesh: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Bangladesh

In 2020, after two years of growth, there was significant decline in the Bangladeshi market for processed cheese (excluding grated or powdered), when its value decreased by -X% to $X. In general, the total consumption indicated noticeable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 when the market value increased by X% year-to-year. Consumption peaked at $X in 2019, and then dropped in the following year.

Production of Processed cheese (excluding grated or powdered) in Bangladesh

In value terms, production of processed cheese (excluding grated or powdered) contracted to $X in 2020 estimated in export prices. Overall, the total production indicated pronounced growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 when the production volume increased by X% y-o-y. Production peaked at $X in 2019, and then reduced in the following year.

Exports of Processed cheese (excluding grated or powdered)

Exports from Bangladesh

In 2020, shipments abroad of processed cheese (excluding grated or powdered) decreased by X% to X kg, falling for the second consecutive year after two years of decline. In general, exports showed a sharp contraction. Exports peaked at X tons in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) amounted to $X in 2020. Overall, exports saw a dramatic setback. Over the period under review, exports attained the maximum at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Armenia (X kg) was the main destination for exports of processed cheese (excluding grated or powdered) from Bangladesh, accounting for a approx. X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of volume to Armenia was relatively modest.

From 2007 to 2018, the average annual rate of growth in terms of value to Armenia was relatively modest.

Export Prices by Country

In 2018, the average export price for processed cheese (excluding grated or powdered) amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price recorded a buoyant expansion. Over the period under review, average export prices attained the maximum at $X per ton in 2016; afterwards, it flattened through to 2018.

As there is only one major export destination, the average price level is determined by prices for Armenia.

From 2007 to 2018, the rate of growth in terms of prices for Armenia amounted to X% per year.

Imports of Processed cheese (excluding grated or powdered)

Imports into Bangladesh

After two years of growth, supplies from abroad of processed cheese (excluding grated or powdered) decreased by -X% to X tons in 2020. Over the period under review, imports, however, posted a strong expansion. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Imports peaked at X tons in 2019, and then dropped rapidly in the following year.

In value terms, imports of processed cheese (excluding grated or powdered) reduced markedly to $X in 2020. Overall, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019, and then fell dramatically in the following year.

Imports by Country

In 2020, Australia (X tons) constituted the largest supplier of processed cheese (excluding grated or powdered) to Bangladesh, accounting for a X% share of total imports. Moreover, imports of processed cheese (excluding grated or powdered) from Australia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fivefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Australia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and India (+X% per year).

In value terms, Australia ($X) constituted the largest supplier of processed cheese (excluding grated or powdered) to Bangladesh, comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Australia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and India (+X% per year).

Import Prices by Country

The average import price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, rising by X% against the previous year. Over the period under review, import price indicated a slight expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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