Updated Nov 6, 2022 23:14

Market for Citrus Fruit Or Melons Peel in Bangladesh

Market Overview
After two years of growth, the Bangladeshi market for peel of citrus fruit or melons decreased by -% to $ in . In general, consumption, however, continues to indicate a temperate expansion. Citrus fruit or melons peel consumption peaked at $ in , and then shrank in the following year.

In value terms, citrus fruit or melons peel production shrank to $ in estimated in export price. In general, production, however, recorded noticeable growth. The growth pace was the most rapid in 2019 when the production volume increased by % against the previous year. Citrus fruit or melons peel production peaked at $ in , and then dropped in the following year.


Consumption
In , consumption of peel of citrus fruit or melons decreased by less than % to tons, falling for the second year in a row after two years of growth. In general, the total consumption indicated a slight expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, consumption reached the peak volume at tons in ; however, from to , consumption remained at a lower figure.

The size of the market for peel of citrus fruit or melons in Bangladesh declined modestly to $ in , remaining constant 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, however, saw a measured increase. Over the period under review, the market reached the maximum level at $ in ; however, from to , consumption failed to regain momentum.


Market Forecast
The market for citrus fruit or melons peel is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of citrus fruit or melons peel in Bangladesh were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for citrus fruit or melons peel. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (less than percentage point) over the period under review.


Trade Balance
Bangladesh remains a net importer of citrus fruit or melons peel; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.