Butter Market Overview in Bangladesh
In value terms, butter production rose modestly to $ in 2019 estimated in export prices. In general, the total production indicated a modest expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of % against the previous year. Over the period under review, production reached the peak level at $ in 2017; however, from 2018 to 2019, production failed to regain the momentum.
The value of the butter market in Bangladesh stood at $ in 2019, surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a noticeable expansion. The pace of growth was the most pronounced in 2016 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. From 2017 to 2019, the growth of the market remained at a lower figure.