Orange Market Overview in Bangladesh
In value terms, orange production expanded slightly to $ in 2019 estimated in export prices. In general, production saw prominent growth. The most prominent rate of growth was recorded in 2008 when the production volume increased by % against the previous year. Orange production peaked at $ in 2015; however, from 2016 to 2019, production remained at a lower figure.
The average yield of oranges in Bangladesh stood at tonnes per ha in 2019, growing by % on the previous year's figure. In general, the yield indicated a remarkable increase from 2007 to 2019: its figure 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, orange yield increased by +% against 2016 indices. The pace of growth was the most pronounced in 2010 when the yield increased by % year-to-year. Over the period under review, the average orange yield reached the maximum level at tonnes per ha in 2013; however, from 2014 to 2019, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, approx. ha of oranges were harvested in Bangladesh; growing by % against the previous year. The harvested area increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of % y-o-y. As a result, the harvested area reached the peak level of ha. From 2015 to 2019, the growth of the orange harvested area failed to regain the momentum.
The revenue of the orange market in Bangladesh reached $ in 2019, approximately equating 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, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2014 when the market value increased by % y-o-y. Over the period under review, the market hit record highs at $ in 2017; however, from 2018 to 2019, consumption remained at a lower figure.