Report Update Nov 1, 2024

Bangladesh - Skim Milk of Cows - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Skim Milk Market 2024

Skim Milk Market Size in Bangladesh

The Bangladeshi skim milk market amounted to $X in 2021, remaining stable against the previous year. The market value increased at an average annual rate of +3.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Skim Milk Production in Bangladesh

In value terms, skim milk production rose to $X in 2021 estimated in export price. Overall, production, however, posted buoyant growth. The pace of growth was the most pronounced in 2015 when the production volume increased by 49%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Skim Milk Exports

Exports from Bangladesh

In 2021, shipments abroad of skim milk increased by 38% to X tons, rising for the sixth consecutive year after three years of decline. Overall, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 114% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, skim milk exports surged to $X in 2021. In general, exports posted a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 91% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Singapore (X tons) was the main destination for skim milk exports from Bangladesh, accounting for a 96% share of total exports. Moreover, skim milk exports to Singapore exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore amounted to +31.9%.

In value terms, Singapore ($X) emerged as the key foreign market for skim milk exports from Bangladesh, comprising 99% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 1.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled +45.6%.

Export Prices by Country

In 2021, the average skim milk export price amounted to $X per ton, increasing by 14% against the previous year. Over the period under review, the export price enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2015 an increase of 91% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+43.1%), while the prices for the other major destinations experienced mixed trend patterns.

Skim Milk Imports

Imports into Bangladesh

Skim milk imports into Bangladesh skyrocketed to X tons in 2021, rising by 103% against the previous year's figure. In general, imports showed a prominent increase. The growth pace was the most rapid in 2015 with an increase of 611%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, skim milk imports surged to $X in 2021. Over the period under review, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 418%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X tons), Malaysia (X tons) and China (X tons) were the main suppliers of skim milk imports to Bangladesh, with a combined 58% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +55.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of skim milk to Bangladesh, comprising 45% of total imports. The second position in the ranking was taken by Singapore ($X), with a 20% share of total imports. It was followed by the United Arab Emirates, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia amounted to +69.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+10.4% per year) and the United Arab Emirates (+6.8% per year).

Import Prices by Country

The average skim milk import price stood at $X per ton in 2021, waning by -26.6% against the previous year. Overall, the import price, however, showed a buoyant increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 69% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced dramatically in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for skim milk in the world?

The countries with the highest volumes of skim milk consumption in 2021 were the United States, Germany and France, together accounting for 29% of global consumption. These countries were followed by New Zealand, Russia, Turkey, Ireland, Iran, the Netherlands, Poland, India, Belgium and Canada, which together accounted for a further 36%.

What are the largest producers of skim milk in the world?

The countries with the highest volumes of skim milk production in 2021 were the United States, Germany and France, with a combined 29% share of global production. These countries were followed by New Zealand, Russia, Turkey, Ireland, Iran, the Netherlands, Poland, India, Canada and the UK, which together accounted for a further 36%.

What are the leading suppliers of skim milk to Bangladesh?

In value terms, the largest skim milk suppliers to Bangladesh were the United Arab Emirates, Singapore and Germany, together comprising 89% of total imports.

What are the leading importers of skim milk from Bangladesh?

In value terms, Singapore remains the key foreign market for skim milk exports from Bangladesh, comprising 93% of total exports. The second position in the ranking was occupied by the United Arab Emirates, with a 7.2% share of total exports.

What is the average export price for skim milk in Bangladesh?

In 2021, the average skim milk export price amounted to $937 per ton, picking up by 34% against the previous year.

What is the average import price for skim milk in Bangladesh?

In 2021, the average skim milk import price amounted to $947 per ton, almost unchanged from the previous year.

This report provides an in-depth analysis of the skim milk market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 888 - Skim Milk of Cows

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023