Bangladesh: Sugar Crop Market 2024

Sugar Crop Market Size in Bangladesh

The Bangladeshi sugar crop market shrank to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible decline. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Sugar Crop Production in Bangladesh

In value terms, sugar crop production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable setback. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

The average yield of sugar crops in Bangladesh fell to X tons per ha in 2022, remaining stable against 2021 figures. In general, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the average sugar crop yield hit record highs at X tons per ha in 2021, and then contracted slightly 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 sugar crop harvested area in Bangladesh expanded sharply to X ha, surging by X% compared with 2021 figures. Over the period under review, the harvested area, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to sugar crop production attained the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Sugar Crop Exports

Exports from Bangladesh

Sugar crop exports from Bangladesh skyrocketed to X tons in 2022, jumping by X% on 2021 figures. In general, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sugar crop exports shrank to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Saudi Arabia (X tons), Japan (X tons) and Kuwait (X tons) were the main destinations of sugar crop exports from Bangladesh, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for sugar crops exports from Bangladesh, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Kuwait (X% per year).

Export Prices by Country

The average sugar crop export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Saudi Arabia ($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 Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Crop Imports

Imports into Bangladesh

In 2022, purchases abroad of sugar crops decreased by X% to X kg, falling for the fifth year in a row after six years of growth. Overall, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, sugar crop imports fell remarkably to $X in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X kg) constituted the largest sugar crop supplier to Bangladesh, accounting for a X% share of total imports. Moreover, sugar crop imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Singapore (X kg), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to X%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of sugar crops to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled X%.

Import Prices by Country

The average sugar crop import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell sharply in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Singapore stood at $X per ton.

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

Source: IndexBox Platform

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