Bangladesh: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Bangladesh

The Bangladeshi orange juice (single strength) market rose to $X in 2021, growing by 1.8% against the previous year. Overall, consumption, however, continues to indicate a remarkable increase. Orange juice (single strength) consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Orange Juice (Single Strength) in Bangladesh

In value terms, orange juice (single strength) production surged to $X in 2021 estimated in export price. Overall, production, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 104%. Orange juice (single strength) production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Orange Juice (Single Strength)

Exports from Bangladesh

Orange juice (single strength) exports from Bangladesh shrank dramatically to X tons in 2021, falling by -59.6% against the year before. In general, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2014 when exports increased by 697%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, orange juice (single strength) exports shrank markedly to $X in 2021. Over the period under review, exports saw a mild decrease. The most prominent rate of growth was recorded in 2014 with an increase of 1,020% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Myanmar (X tons) and Singapore (X tons) were the main destinations of orange juice (single strength) exports from Bangladesh, with a combined 93% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +35.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for orange juice (single strength) exported from Bangladesh were the United Arab Emirates ($X), Myanmar ($X) and Singapore ($X), together comprising 89% of total exports.

Among the main countries of destination, Singapore, with a CAGR of +25.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average orange juice (single strength) export price amounted to $X per ton, rising by 14% against the previous year. Overall, the export price showed moderate growth. The growth pace was the most rapid in 2013 an increase of 80%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was New Zealand ($X per ton), while the average price for exports to the United Arab Emirates ($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 Mali (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Orange Juice (Single Strength)

Imports into Bangladesh

In 2021, overseas purchases of orange juice (single strength) decreased by -4.6% to X tons, falling for the second year in a row after three years of growth. Overall, imports recorded a deep setback. The pace of growth was the most pronounced in 2015 with an increase of 196%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, orange juice (single strength) imports declined to $X in 2021. Over the period under review, imports continue to indicate a perceptible slump. The growth pace was the most rapid in 2015 with an increase of 147%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Cyprus (X tons) constituted the largest orange juice (single strength) supplier to Bangladesh, with a 63% share of total imports. Moreover, orange juice (single strength) imports from Cyprus exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fivefold. The third position in this ranking was taken by Thailand (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Cyprus stood at -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+60.8% per year) and Thailand (-15.8% per year).

In value terms, Cyprus ($X) constituted the largest supplier of orange juice (single strength) to Bangladesh, comprising 50% of total imports. The second position in the ranking was held by Thailand ($X), with a 16% share of total imports. It was followed by Vietnam, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Cyprus amounted to -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-16.6% per year) and Vietnam (+61.1% per year).

Import Prices by Country

The average orange juice (single strength) import price stood at $X per ton in 2021, waning by -4.2% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2014 an increase of 49%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per ton), while the price for Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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