Market research

Maize market in Bangladesh

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

Maize production in Bangladesh showed steady growth from 2018 to 2023, rising from 3 288 thousand tonnes to 4 593 thousand tonnes. This expansion occurred alongside monetary policy adjustments that influenced credit availability for the agricultural sector, such as interest rate changes aimed at economic stability in 2021 and 2023.

The maize market size experienced notable fluctuations, peaking at 6 228 thousand tonnes in 2020 and 6 527 thousand tonnes in 2022 before declining to 5 466 thousand tonnes in 2023. Supply chain disruptions due to the COVID-19 pandemic in 2020 contributed to increased imports, expanding the total market volume. In 2022, exchange rate volatility and international energy market instability affected import costs, yet demand remained robust.

By 2023, tighter monetary policy, including raised policy interest rates to curb inflation, led to a sharp drop in imports to 874 thousand tonnes, reducing the overall market size. Imports partially recovered to 1 180 thousand tonnes in 2024 as the government began implementing the Export Policy 2024-27, which focuses on export-oriented growth and market expansion.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Bangladesh
  1. 5.1.1. Annual dynamics of production in Bangladesh in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Bangladesh in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Bangladesh in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Bangladesh by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Bangladesh in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Bangladesh by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Bangladesh, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Bangladesh by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Bangladesh in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Bangladesh by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Bangladesh in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Bangladesh by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Bangladesh, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Bangladesh by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Bangladesh in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Bangladesh by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Bangladesh in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Bangladesh by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Bangladesh, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Bangladesh by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Bangladesh in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Bangladesh by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Bangladesh in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Bangladesh by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Bangladesh, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Bangladesh by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production maize in Bangladesh

In kind, 2017-2020, K t

Top producers of maize, 2017-2020

Source: SHEV.io

World map of production of maize, 2017-2020

Source: SHEV.io

Bangladesh's maize production has increased for the third consecutive year. In 2020, the country produced 4 015 K t of maize, which represents a 12.5% increase compared to the previous year. Between 2017 and 2020, production grew by 32.7%, equating to an annualized growth rate of 9.9%.

Annual dynamics of production in Bangladesh in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	8.7%	8.6%	12.5%	9.9%

Source: SHEV.io

Exports maize from Bangladesh

Exports in kind, K t

In 2020, Bangladesh's maize export volume totaled 6 K t, marking a sharp decline of 89.6% compared to 2019.

Annual dynamics of product's exports from Bangladesh in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	(89.6%)	-

Source: SHEV.io

From 2017 to 2020, Bangladesh's maize exports in kind were almost entirely directed to Nepal, which accounted for 100.0% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Bangladesh in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

In 2020, Bangladesh's cross-border shipments of maize were recorded at 1.8 M $ US, corresponding to an 88.4% reduction year-over-year.

Annual dynamics of product's exports from Bangladesh in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	(88.4%)	-

Source: SHEV.io

From 2017 to 2020, Bangladesh's dependence on Nepal was pronounced, with this market accounting for 99.8% of total maize export value.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Bangladesh in value, 2017-2020

Source: SHEV.io

Imports maize to Bangladesh

Imports in kind, K t

The data reveals irregular changes, indicating a volatile market environment. Imports reached their lowest point in 2017 and peaked in 2020, with a 1.9-fold difference between these years. In 2020, Bangladesh imported 2 219 K t of maize, up by 71.3% compared to the previous year. The largest decline was recorded in 2019 at 21.6%.

Annual dynamics of product's imports to Bangladesh in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	40.8%	(21.6%)	71.3%	23.6%

Source: SHEV.io

From 2017 to 2020, Brazil and India continued to lead as the main markets for Bangladesh's maize imports in kind, together accounting for 84.1% of total flows, while other partners played a supplementary role.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Bangladesh in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

The data reveals irregular changes, indicating a volatile market environment. Imports reached their lowest value in 2019 and peaked in 2020, reflecting a 1.8-fold gap. In 2020, Bangladesh imported 416.3 M $ US worth of maize, constituting an 83.6% gain over the past year. The minimum value was recorded in 2019 at 226.8 M $ US, with the largest decline that year at 39.9%.

Annual dynamics of product's imports to Bangladesh in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	46.7%	(39.9%)	83.6%	17.4%

Source: SHEV.io

From 2017 to 2020, Brazil and India remained the main suppliers of maize to Bangladesh, with a combined share of 83.7% of total imports in value terms, and a fragmented remainder across other countries.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Bangladesh in value, 2017-2020

Source: SHEV.io