Bangladesh: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Bangladesh

The Bangladeshi sugary soft drink market reached $X in 2022, increasing by 3.7% against the previous year. In general, consumption recorded a relatively flat trend pattern. Sugary soft drink consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Sugary Soft Drink Production in Bangladesh

In value terms, sugary soft drink production rose slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Sugary Soft Drink Exports

Exports from Bangladesh

In 2022, the amount of sugary soft drinks exported from Bangladesh contracted rapidly to X litres, with a decrease of -24% against the year before. In general, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by 88% against the previous year. As a result, the exports reached the peak of X litres, and then fell rapidly in the following year.

In value terms, sugary soft drink exports dropped remarkably to $X in 2022. Overall, exports, however, enjoyed a pronounced expansion. The pace of growth appeared the most rapid in 2021 with an increase of 88%. As a result, the exports reached the peak of $X, and then shrank dramatically in the following year.

Exports by Country

Qatar (X litres), Australia (X litres) and India (X litres) were the main destinations of sugary soft drink exports from Bangladesh, together comprising 24% 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 Australia (with a CAGR of +69.0%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) emerged as the key foreign market for sugary soft drinks exports from Bangladesh, comprising 33% of total exports. The second position in the ranking was taken by Australia ($X), with a 14% share of total exports. It was followed by France, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar totaled +76.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+70.7% per year) and France (+40.9% per year).

Export Prices by Country

In 2022, the average sugary soft drink export price amounted to $X per litre, approximately mirroring the previous year. Overall, the export price, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 23% against the previous year. The export price peaked at $X per litre in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per litre), while the average price for exports to India ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sugary Soft Drink Imports

Imports into Bangladesh

In 2022, sugary soft drink imports into Bangladesh shrank significantly to X litres, declining by -28.3% on the year before. In general, imports, however, continue to indicate a perceptible increase. The growth pace was the most rapid in 2016 with an increase of 508%. As a result, imports attained the peak of X litres. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, sugary soft drink imports contracted remarkably to $X in 2022. Over the period under review, imports, however, enjoyed a slight increase. The most prominent rate of growth was recorded in 2016 with an increase of 528% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Singapore (X litres) constituted the largest supplier of sugary soft drink to Bangladesh, accounting for a 38% share of total imports. Moreover, sugary soft drink imports from Singapore exceeded the figures recorded by the second-largest supplier, Greece (X litres), more than tenfold. The third position in this ranking was taken by Australia (X litres), with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore totaled +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (0.0% per year) and Australia (+71.1% per year).

In value terms, Singapore ($X) constituted the largest supplier of sugary soft drinks to Bangladesh, comprising 39% of total imports. The second position in the ranking was held by Australia ($X), with a 2.4% share of total imports. It was followed by the UK, with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore totaled +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+69.4% per year) and the UK (-4.8% per year).

Import Prices by Country

In 2022, the average sugary soft drink import price amounted to $X per litre, surging by 2% against the previous year. In general, the import price, however, showed a mild contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 22%. The import price peaked at $X per litre in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Austria ($X per litre), while the price for Greece ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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