Bangladesh - Tomato Ketchup and Tomato Sauces - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBangladesh: Tomato Ketchup Market 2024
Tomato Ketchup Market Size in Bangladesh
The Bangladeshi tomato ketchup market dropped slightly to $X in 2022, reducing by -3.9% against the previous year. In general, consumption recorded a pronounced reduction. The pace of growth was the most pronounced in 2021 with an increase of 8.5% against the previous year. Tomato ketchup consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.
Tomato Ketchup Production in Bangladesh
In value terms, tomato ketchup production declined slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2021 with an increase of 7.8% against the previous year. Tomato ketchup production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.
Tomato Ketchup Exports
Exports from Bangladesh
After two years of growth, shipments abroad of tomato ketchup and tomato sauces decreased by -14.7% to X tons in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 1,232% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.
In value terms, tomato ketchup exports declined dramatically to $X in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 298%. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted significantly in the following year.
Exports by Country
India (X tons) was the main destination for tomato ketchup exports from Bangladesh, with a 46% share of total exports. Moreover, tomato ketchup exports to India exceeded the volume sent to the second major destination, Singapore (X tons), threefold. Mauritius (X tons) ranked third in terms of total exports with a 7.9% share.
From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled +59.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+50.6% per year) and Mauritius (-19.4% per year).
In value terms, India ($X) emerged as the key foreign market for tomato ketchup and tomato sauces exports from Bangladesh, comprising 48% of total exports. The second position in the ranking was taken by Singapore ($X), with a 16% share of total exports. It was followed by Mauritius, with a 6.2% share.
From 2012 to 2022, the average annual growth rate of value to India amounted to +30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+40.7% per year) and Mauritius (-12.0% per year).
Export Prices by Country
In 2022, the average tomato ketchup export price amounted to $X per ton, falling by -6.4% against the previous year. Over the period under review, the export price showed a pronounced descent. The growth pace was the most rapid in 2014 an increase of 73%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Fiji ($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 Myanmar (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.
Tomato Ketchup Imports
Imports into Bangladesh
In 2022, overseas purchases of tomato ketchup and tomato sauces increased by 1.6% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 37%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, tomato ketchup imports expanded sharply to $X in 2022. Overall, imports posted a strong increase. The pace of growth was the most pronounced in 2017 when imports increased by 59% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Imports by Country
In 2022, India (X tons) constituted the largest tomato ketchup supplier to Bangladesh, accounting for a 27% share of total imports. Moreover, tomato ketchup imports from India exceeded the figures recorded by the second-largest supplier, Malta (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with a 1.4% share.
From 2012 to 2022, the average annual growth rate of volume from India stood at +55.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malta (+40.5% per year) and the Netherlands (+15.9% per year).
In value terms, India ($X) constituted the largest supplier of tomato ketchup and tomato sauces to Bangladesh, comprising 26% of total imports. The second position in the ranking was taken by Malta ($X), with a 6.6% share of total imports. It was followed by the Netherlands, with a 2.9% share.
From 2012 to 2022, the average annual growth rate of value from India amounted to +46.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malta (+36.8% per year) and the Netherlands (+16.7% per year).
Import Prices by Country
In 2022, the average tomato ketchup import price amounted to $X per ton, increasing by 5.5% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tomato ketchup import price decreased by -3.8% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 17% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; afterwards, it flattened through to 2022.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Malta ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the tomato ketchup 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 10841230 - Tomato ketchup and other tomato sauces
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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