Bangladesh: Soya Bean Market 2025

Soya Bean Market Size in Bangladesh

The Bangladeshi soya bean market skyrocketed to $X in 2021, surging by 20% against the previous year. Over the period under review, consumption showed a significant expansion. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Soya Bean Production in Bangladesh

In value terms, soya bean production stood at $X in 2021 estimated in export price. Over the period under review, the total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.6% against 2019 indices. The growth pace was the most rapid in 2014 when the production volume increased by 93%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

In 2021, the average yield of soya beans in Bangladesh expanded to X tons per ha, with an increase of 1.9% compared with 2020. The yield figure increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 25% against the previous year. The soya bean yield peaked at X tons per ha in 2015; however, from 2016 to 2021, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the soya bean harvested area in Bangladesh stood at X ha, remaining stable against 2020. In general, the total harvested area indicated noticeable growth from 2012 to 2021: its figure increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, soya bean harvested area decreased by -1.6% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of 55% against the previous year. Over the period under review, the harvested area dedicated to soya bean production attained the peak figure at X ha in 2017; however, from 2018 to 2021, the harvested area remained at a lower figure.

Soya Bean Exports

Exports by Country

Nepal (X tons) was the main destination for soya bean exports from Bangladesh, accounting for a approx. 99.9% share of total exports.

From 2021 to 2021, the average annual rate of growth in terms of volume to Nepal was relatively modest.

From 2021 to 2021, the average annual rate of growth in terms of value to Nepal was relatively modest.

Soya Bean Imports

Imports into Bangladesh

Soya bean imports into Bangladesh was estimated at X tons in 2021, stabilizing at the year before. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 72%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, soya bean imports surged to $X in 2021. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 62% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Brazil (X tons), the United States (X tons) and Canada (X tons) were the main suppliers of soya bean imports to Bangladesh, together accounting for 97% of total imports.

From 2012 to 2021, the biggest increases were in Canada (with a CAGR of +142.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Brazil ($X) and Canada ($X) were the largest soya bean suppliers to Bangladesh, together comprising 97% of total imports.

Among the main suppliers, Canada, with a CAGR of +129.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average soya bean import price stood at $X per ton in 2021, rising by 23% against the previous year. In general, the import price, however, continues to indicate a perceptible setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Uruguay ($X per ton) and Canada ($X per ton), while the price for Brazil ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :