Bangladesh: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Bangladesh

After three years of growth, the Bangladeshi uncooked pasta market decreased by -6.4% to $X in 2021. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.8% 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 +44.5% against 2017 indices. Over the period under review, the market attained the peak level at $X in 2020, and then fell in the following year.

Uncooked Pasta Production in Bangladesh

In value terms, uncooked pasta production fell to $X in 2021 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +46.9% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 36%. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Uncooked Pasta Exports

Exports from Bangladesh

After two years of growth, overseas shipments of uncooked pasta decreased by -1.2% to X tons in 2021. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 94%. The exports peaked at X tons in 2020, and then shrank in the following year.

In value terms, uncooked pasta exports expanded significantly to $X in 2021. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 99%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), Saudi Arabia (X tons) and Malaysia (X tons) were the main destinations of uncooked pasta exports from Bangladesh, with a combined 46% share of total exports. These countries were followed by the United Arab Emirates, India, Nepal, Cyprus, Italy, the United States, Singapore and Bahrain, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Nepal (with a CAGR of +115.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), India ($X) and Saudi Arabia ($X) constituted the largest markets for uncooked pasta exported from Bangladesh worldwide, together comprising 52% of total exports. The United Arab Emirates, Malaysia, Cyprus, Italy, Nepal, the United States, Singapore and Bahrain lagged somewhat behind, together comprising a further 27%.

Nepal, with a CAGR of +134.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average uncooked pasta export price stood at $X per ton in 2021, growing by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($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 United Arab Emirates (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Uncooked Pasta Imports

Imports into Bangladesh

In 2021, the amount of uncooked pasta imported into Bangladesh surged to X tons, increasing by 72% compared with the year before. Overall, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 171%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, uncooked pasta imports soared to $X in 2021. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2014 with an increase of 401% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

Turkey (X tons), Italy (X tons) and Egypt (X tons) were the main suppliers of uncooked pasta imports to Bangladesh, with a combined 55% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +144.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest uncooked pasta suppliers to Bangladesh were Italy ($X), Turkey ($X) and Egypt ($X), together accounting for 43% of total imports.

Egypt, with a CAGR of +154.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average uncooked pasta import price stood at $X per ton in 2021, picking up by 15% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, uncooked pasta import price increased by +42.0% against 2016 indices. The growth pace was the most rapid in 2014 when the average import price increased by 85% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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