Bangladesh: Vinegar Market 2024

Vinegar Market Size in Bangladesh

The Bangladeshi vinegar market amounted to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Vinegar Production in Bangladesh

In value terms, vinegar production stood at $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Vinegar Exports

Exports from Bangladesh

After two years of growth, overseas shipments of vinegar decreased by X% to X tons in 2022. Overall, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, vinegar exports declined remarkably to $X in 2022. In general, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Portugal (X tons), Fiji (X kg) and Singapore (X kg) were the main destinations of vinegar exports from Bangladesh, together comprising X% of total exports. Italy, Brunei Darussalam, New Zealand and Australia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brunei Darussalam (with a CAGR of X.2%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Italy ($X) and Portugal ($X) appeared to be the largest markets for vinegar exported from Bangladesh worldwide, together comprising X% of total exports. Fiji, Singapore, Brunei Darussalam and New Zealand lagged somewhat behind, together comprising a further X%.

Brunei Darussalam, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average vinegar export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price saw a perceptible contraction. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Portugal ($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 Australia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Vinegar Imports

Imports into Bangladesh

After two years of growth, supplies from abroad of vinegar decreased by X% to X tons in 2022. Over the period under review, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, vinegar imports fell to $X in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

Singapore (X tons), Malaysia (X tons) and the United Arab Emirates (X tons) were the main suppliers of vinegar imports to Bangladesh, with a combined X% share of total imports. Italy, South Africa, Greece, Australia, India, the United States, South Korea and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vinegar suppliers to Bangladesh were Singapore ($X), Malaysia ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. Italy, Greece, South Africa, Australia, Spain, South Korea, India and the United States lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, South Africa, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vinegar import price amounted to $X per ton, waning by X% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinegar import price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of X%. The import price peaked at $X per ton in 2021, and then reduced in the following year.

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 Greece ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :