Bangladesh: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Bangladesh

The Bangladeshi market for powdered, condensed or evaporated milk reduced to $X in 2022, which is down by X% against the previous year. In general, consumption, however, posted a buoyant expansion. Powdered, condensed or evaporated milk consumption peaked at $X in 2021, and then fell in the following year.

Production of Powdered, Condensed Or Evaporated Milk in Bangladesh

In value terms, powdered, condensed or evaporated milk production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a sharp curtailment. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from Bangladesh

In 2022, shipments abroad of powdered, condensed or evaporated milk decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, powdered, condensed or evaporated milk exports amounted to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Nepal (X tons) was the main destination for powdered, condensed or evaporated milk exports from Bangladesh, accounting for a X% share of total exports. Moreover, powdered, condensed or evaporated milk exports to Nepal exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), twofold. The third position in this ranking was held by Maldives (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nepal stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (X% per year) and Maldives (X% per year).

In value terms, Nepal ($X), Brunei Darussalam ($X) and Maldives ($X) were the largest markets for powdered, condensed or evaporated milk exported from Bangladesh worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Brunei Darussalam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for powdered, condensed or evaporated milk amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, showed a abrupt downturn. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, 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 ($X per ton), while the average price for exports to Nepal ($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 Malaysia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Powdered, Condensed Or Evaporated Milk

Imports into Bangladesh

Powdered, condensed or evaporated milk imports into Bangladesh declined slightly to X tons in 2022, which is down by X% compared with 2021. Overall, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, powdered, condensed or evaporated milk imports reduced to $X in 2022. Over the period under review, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest powdered, condensed or evaporated milk supplier to Bangladesh, with a X% share of total imports. Moreover, powdered, condensed or evaporated milk imports from New Zealand exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by Australia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from New Zealand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Australia (X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of powdered, condensed or evaporated milk to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

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

Import Prices by Country

In 2022, the average import price for powdered, condensed or evaporated milk amounted to $X per ton, which is down by X% against the previous year. Overall, the import price recorded a slight reduction. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Denmark ($X per ton), while the price for Australia ($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 Czech Republic (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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