Bangladesh: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Bangladesh

In 2021, after two years of decline, there was growth in the Bangladeshi sweet biscuit market, when its value increased by 1.1% to $X. The market value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Sweet biscuit consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Sweet Biscuit Production in Bangladesh

In value terms, sweet biscuit production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 23%. Sweet biscuit production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Sweet Biscuit Exports

Exports from Bangladesh

Sweet biscuit exports from Bangladesh was estimated at X tons in 2021, growing by 2.2% compared with the previous year. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 41%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, sweet biscuit exports rose rapidly to $X in 2021. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 54%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Saudi Arabia (X tons) was the main destination for sweet biscuit exports from Bangladesh, accounting for a 28% share of total exports. Moreover, sweet biscuit exports to Saudi Arabia exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. The third position in this ranking was taken by the United Arab Emirates (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia totaled +46.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+77.0% per year) and the United Arab Emirates (+3.2% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for sweet biscuits exports from Bangladesh, comprising 24% of total exports. The second position in the ranking was held by the Philippines ($X), with an 11% share of total exports. It was followed by the United Arab Emirates, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia amounted to +47.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+542.0% per year) and the United Arab Emirates (+12.1% per year).

Export Prices by Country

In 2021, the average sweet biscuit export price amounted to $X per ton, with an increase of 8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2013 an increase of 37%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+42.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sweet Biscuit Imports

Imports into Bangladesh

In 2021, the amount of sweet biscuits imported into Bangladesh skyrocketed to X tons, jumping by 154% compared with the year before. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 265% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, sweet biscuit imports soared to $X in 2021. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 260% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of sweet biscuit to Bangladesh, with a 19% share of total imports. Moreover, sweet biscuit imports from Malaysia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Singapore (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia stood at +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+17.0% per year) and Singapore (+44.9% per year).

In value terms, the largest sweet biscuit suppliers to Bangladesh were Malaysia ($X), Singapore ($X) and the United Arab Emirates ($X), with a combined 37% share of total imports. Indonesia, the Netherlands, Turkey, Oman and India lagged somewhat behind, together accounting for a further 15%.

In terms of the main suppliers, India, with a CAGR of +56.2%, saw the highest growth rate of 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 sweet biscuit import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 19%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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