Bangladesh: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Bangladesh

The Bangladeshi market for salted, dried or smoked meat, and offal dropped to $X in 2022, waning by -8% against the previous year. Over the period under review, consumption, however, posted mild growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Salted, Dried or Smoked Meat, and Offal in Bangladesh

In value terms, production of salted, dried or smoked meat, and offal declined to $X in 2022 estimated in export price. Overall, production, however, showed slight growth. The most prominent rate of growth was recorded in 2018 with an increase of 48% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Bangladesh

In 2022, after four years of growth, there was significant decline in overseas shipments of salted, dried or smoked meat, and offal, when their volume decreased by -21.8% to X tons. In general, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2018 when exports increased by 4,506% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2021, and then dropped rapidly in the following year.

In value terms, exports of salted, dried or smoked meat, and offal fell to $X in 2022. Overall, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 8,838% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

Hong Kong SAR (X tons) and Thailand (X tons) were the main destinations of exports of salted, dried or smoked meat, and offal from Bangladesh.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +35.3%).

In value terms, Hong Kong SAR ($X) remains the key foreign market for salted, dried or smoked meat, and offal exports from Bangladesh, comprising 91% of total exports. The second position in the ranking was taken by Thailand ($X), with an 8.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR stood at +15.6%.

Export Prices by Country

In 2022, the average export price for salted, dried or smoked meat, and offal amounted to $X per ton, growing by 14% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 94%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Thailand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-11.6%).

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Bangladesh

In 2022, purchases abroad of salted, dried or smoked meat, and offal was finally on the rise to reach X tons after two years of decline. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 892% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of salted, dried or smoked meat, and offal reached $X in 2022. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 919% against the previous year. Over the period under review, imports of attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of salted, dried or smoked meat, and offal to Bangladesh, with a 45% share of total imports. Moreover, imports of salted, dried or smoked meat, and offal from France exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from France totaled +49.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+83.9% per year) and the United States (+120.4% per year).

In value terms, France ($X) constituted the largest supplier of salted, dried or smoked meat, and offal to Bangladesh, comprising 42% of total imports. The second position in the ranking was held by India ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from France totaled +39.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+122.8% per year) and the United States (+123.6% per year).

Import Prices by Country

In 2022, the average import price for salted, dried or smoked meat, and offal amounted to $X per ton, declining by -6.4% against the previous year. In general, the import price, however, continues to indicate a moderate expansion. The pace of growth appeared the most rapid in 2014 an increase of 174%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+21.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform