Report Update Nov 1, 2024

Bangladesh - Tapioca and Substitutes - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in Bangladesh

The Bangladeshi tapioca and substitutes market rose notably to $X in 2021, with an increase of 5.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +98.1% against 2017 indices. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the near future.

Tapioca And Substitutes Exports

Exports from Bangladesh

In 2021, approx. X tons of tapioca and substitutes were exported from Bangladesh; jumping by 58% on the previous year. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 387% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, tapioca and substitutes exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 514% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

The UK (X tons) was the main destination for tapioca and substitutes exports from Bangladesh, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to +80.8%.

In value terms, the UK ($X) also remains the key foreign market for tapioca and substitutes exports from Bangladesh.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +87.3%.

Export Prices by Country

In 2021, the average tapioca and substitutes export price amounted to $X per ton, jumping by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2019 when the average export price increased by 26%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to +3.6% per year.

Tapioca And Substitutes Imports

Imports into Bangladesh

In 2021, the amount of tapioca and substitutes imported into Bangladesh totaled X tons, picking up by 7% against the previous year. Over the period under review, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +3.7% against 2016 indices. The growth pace was the most rapid in 2016 with an increase of 74%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, tapioca and substitutes imports expanded notably to $X in 2021. Overall, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +113.5% against 2017 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 64% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Thailand (X tons) was the main supplier of tapioca and substitutes to Bangladesh, with a 97% share of total imports. It was followed by India (X tons), with a 2.2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Thailand totaled +4.3%.

In value terms, Thailand ($X) constituted the largest supplier of tapioca and substitutes to Bangladesh, comprising 96% of total imports. The second position in the ranking was held by India ($X), with a 2.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Thailand stood at +3.0%.

Import Prices by Country

In 2021, the average tapioca and substitutes import price amounted to $X per ton, remaining constant against the previous year. Overall, the import price recorded a mild downturn. The growth pace was the most rapid in 2019 an increase of 36% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-1.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tapioca and substitutes in the world?

The countries with the highest volumes of tapioca and substitutes consumption in 2021 were Taiwan Chinese), the United States and Malaysia, together accounting for 44% of global consumption. Bangladesh, Australia, Canada, the Philippines, Thailand, Nigeria, Hong Kong SAR, South Korea, the Netherlands and Pakistan lagged somewhat behind, together accounting for a further 31%.

What are the largest producers of tapioca and substitutes in the world?

The countries with the highest volumes of tapioca and substitutes production in 2021 were Thailand, Taiwan Chinese) and Cote d'Ivoire, together accounting for 87% of global production.

What are the leading suppliers of tapioca and substitutes to Bangladesh?

In value terms, Thailand constituted the largest supplier of tapioca and substitutes to Bangladesh.

What are the leading importers of tapioca and substitutes from Bangladesh?

In value terms, the UK remains the key foreign market for tapioca and substitutes exports from Bangladesh.

What is the average export price for tapioca and substitutes in Bangladesh?

In 2021, the average tapioca and substitutes export price amounted to $1,846 per ton, approximately reflecting the previous year.

What is the average import price for tapioca and substitutes in Bangladesh?

The average tapioca and substitutes import price stood at $741 per ton in 2021, picking up by 16% against the previous year.

This report provides an in-depth analysis of the tapioca and substitutes market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10621200 - Tapioca and substitutes therefor prepared from starch, in the form of flakes, grains, pearls, siftings or similar forms

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023