Brown Rice Price in Bangladesh - 2022
Contents:
- Brown Rice Price in Bangladesh (CIF) - 2022
- Brown Rice Price in Bangladesh (FOB) - 2022
- Brown Rice Imports in Bangladesh
- Brown Rice Exports in Bangladesh
Brown Rice Price in Bangladesh (CIF) - 2022
The average brown rice import price stood at $397 per ton in 2022, surging by 1.6% against the previous year. Overall, the import price, however, showed a abrupt decrease. The growth pace was the most rapid in 2020 an increase of 36%. Over the period under review, average import prices attained the peak figure at $721 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 Pakistan ($1,173 per ton), while the price for Myanmar ($298 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+2.0%), while the prices for the other major suppliers experienced a decline.
Brown Rice Price in Bangladesh (FOB) - 2022
The average brown rice export price stood at $1,379 per ton in 2022, with an increase of 4.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2013 when the average export price increased by 11% against the previous year. The export price peaked at $1,429 per ton in 2020; afterwards, it flattened through to 2022.
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 Canada ($4,322 per ton), while the average price for exports to Malaysia ($492 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 (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.
Brown Rice Imports in Bangladesh
Brown rice imports into Bangladesh rose notably to 20K tons in 2022, growing by 6.8% on the previous year. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 117% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, brown rice imports expanded remarkably to $7.8M in 2022. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 125% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Brown Rice in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.7 | 2.8 | 6.8 | 7.3 | 118.5% |
| Pakistan | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
| Myanmar | 0.7 | 0.3 | 0.1 | 0.1 | -47.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.5 | 3.4 | 7.2 | 7.8 | 73.2% |
Top Suppliers of Brown Rice to Bangladesh in 2022:
- India (19.0K tons)
- Pakistan (0.4K tons)
- Myanmar (0.3K tons)
Brown Rice Exports in Bangladesh
In 2022, shipments abroad of husked (brown) rice decreased by -67.2% to 179 tons, falling for the second year in a row after two years of growth. In general, exports faced a precipitous slump. The most prominent rate of growth was recorded in 2020 when exports increased by 113% against the previous year. As a result, the exports attained the peak of 1.8K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, brown rice exports fell notably to $247K in 2022. Overall, exports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 126%. As a result, the exports attained the peak of $2.6M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Brown Rice in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 674 | 1,808 | 258 | 146 | -39.9% |
| Malaysia | 181 | 220 | 146 | 32.3 | -43.7% |
| Singapore | 95.3 | 135 | 104 | 26.8 | -34.5% |
| United States | 32.4 | 123 | 59.0 | 8.1 | -37.0% |
| Oman | 41.2 | 47.6 | 30.0 | 6.0 | -47.4% |
| Italy | 9.4 | 55.3 | 35.1 | 5.4 | -16.9% |
| Lebanon | 23.9 | 28.1 | 18.0 | 3.9 | -45.4% |
| Others | 82.1 | 158 | 73.3 | 19.0 | -38.6% |
| Total | 1,139 | 2,576 | 723 | 247 | -39.9% |
Top Export Markets for Brown Rice from Bangladesh in 2022:
- Saudi Arabia (78.8 tons)
- Malaysia (65.6 tons)
- Singapore (7.8 tons)
- Lebanon (4.9 tons)
- Oman (4.6 tons)
- Italy (4.4 tons)
- United States (3.8 tons)
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