Bangladesh: Root And Tuber Market 2024

Root And Tuber Market Size in Bangladesh

The Bangladeshi root and tuber market totaled $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Root and tuber consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Root And Tuber Production in Bangladesh

In value terms, root and tuber production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X%. Root and tuber production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

In 2022, the average root and tuber yield in Bangladesh fell slightly to X tons per ha, almost unchanged from 2021 figures. Overall, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the yield increased by X% against the previous year. The root and tuber yield peaked at X tons per ha in 2021, and then declined in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of roots and tubers production in Bangladesh fell slightly to X ha, flattening at 2021 figures. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2018 to 2022, the growth of the root and tuber harvested area remained at a lower figure.

Root And Tuber Exports

Exports from Bangladesh

In 2022, overseas shipments of roots and tubers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, root and tuber exports dropped significantly to $X in 2022. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Sri Lanka (X tons) and Nepal (X tons) were the main destinations of root and tuber exports from Bangladesh, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for root and tuber exported from Bangladesh were Malaysia ($X), Sri Lanka ($X) and Nepal ($X), with a combined X% share of total exports.

Nepal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average root and tuber export price amounted to $X per ton, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted in the following year.

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 Singapore ($X per ton), while the average price for exports to Nepal ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Root And Tuber Imports

Imports into Bangladesh

Root and tuber imports into Bangladesh skyrocketed to X tons in 2022, rising by X% on the previous year. Overall, imports continue to indicate perceptible growth. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, root and tuber imports surged to $X in 2022. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of root and tuber to Bangladesh, with a X% share of total imports. Moreover, root and tuber imports from the Netherlands exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. The third position in this ranking was taken by Myanmar (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Myanmar (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of roots and tubers to Bangladesh, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Myanmar, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Myanmar (X% per year).

Import Prices by Country

In 2022, the average root and tuber import price amounted to $X per ton, waning by X% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then dropped in the following year.

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 the Netherlands ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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