Price for Cereal Groats; Meal and Pellets in Bangladesh - 2022

Contents:

1. Price for Cereal Groats; Meal and Pellets in Bangladesh (CIF) - 2022
2. Price for Cereal Groats; Meal and Pellets in Bangladesh (FOB) - 2022
3. Imports of Cereal Groats; Meal and Pellets in Bangladesh
4. Exports of Cereal Groats; Meal and Pellets in Bangladesh

Price for Cereal Groats; Meal and Pellets in Bangladesh (CIF) - 2022

In 2022, the average import price for cereal groats; meal and pelletses amounted to $622 per ton, leveling off at the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 50%. Over the period under review, average import prices attained the maximum at $625 per ton in 2021, and then reduced slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($711 per ton), while the price for India ($578 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Groats; Meal and Pellets in Bangladesh (FOB) - 2022

The average export price for cereal groats; meal and pelletses stood at $898 per ton in 2022, falling by -55.5% against the previous year. Over the period under review, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 136%. Over the period under review, the average export prices attained the peak figure at $2,020 per ton in 2021, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,545 per ton), while the average price for exports to Malaysia ($615 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 Cyprus (+86.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Groats; Meal and Pellets in Bangladesh

In 2022, approx. 1.8K tons of cereal groats; meal and pelletses were imported into Bangladesh; growing by 33% against the previous year's figure. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 36% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, cereal groats; meal and pellets imports skyrocketed to $1.1M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cereal Groats; Meal and Pellets to Bangladesh in 2022:

1. India (1286.6 tons)
2. Spain (427.5 tons)
3. China (84.0 tons)

Exports of Cereal Groats; Meal and Pellets in Bangladesh

In 2022, shipments abroad of cereal groats; meal and pelletses increased by 119% to 16 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt slump.

In value terms, cereal groats; meal and pellets exports contracted slightly to $14K in 2022. Over the period under review, exports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 50%. As a result, the exports reached the peak of $30K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Cereal Groats; Meal and Pellets from Bangladesh in 2022:

1. Malaysia (7.6 tons)
2. United Kingdom (3.2 tons)
3. Cyprus (3.1 tons)
4. United States (1.6 tons)

Source: IndexBox Market Intelligence Platform