Milk market in Bangladesh

Earlier Report Observations

The milk market volume in Bangladesh demonstrated strong and sustained growth from 2018 to 2023, increasing from 9,577 thousand tons to 14,191 thousand tons. This expansion amounted to a rise of nearly 50% over the six-year period.

Growth was positive each year, with the most significant annual increase of over 12% recorded in 2021. This upward trend was supported by a consistent rise in domestic milk production, which grew from 9,406 thousand tons to 14,068 thousand tons during the same timeframe.

Imports remained a stable but minor component of the market, fluctuating between 117 and 171 thousand tons annually, while exports were negligible. Consequently, the expansion of the market volume was closely aligned with the growth in local output.

Production milk in Bangladesh

In kind, 2017-2020, K t

Bangladesh was among the world's leading milk producers from 2017 to 2020, ranking 18th globally by production volume during this period.

Top producers of milk, 2017-2020

World map of production of milk, 2017-2020

Bangladesh's milk production grew for the third consecutive year. In 2020, the country produced 10 680 thousand tons of milk, representing a gradual increase of 7.7% compared to the previous year. Between 2017 and 2020, production rose by 15%, which translates to an annualized growth rate of 4.8%.

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

Exports milk from Bangladesh

Exports in kind, K t

Bangladesh's milk exports expanded for the third year in a row. In 2020, the country exported 10.2 thousand tons of milk, a substantial 370.7% increase from 2019. Over the 2017-2020 period, exports surged by 45 930.4%, with a compound annual growth rate of 672.1%.

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

From 2017 to 2020, the export market structure was highly concentrated, with the Philippines alone accounting for 96.5% of total milk exports in volume terms.

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

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

Exports in value, M $ US

The data shows irregular fluctuations, indicating a volatile market environment. The period from 2018 to 2020 saw a peak-to-trough amplitude of 58 times. In 2020, Bangladesh's milk exports reached 6.4 million US dollars, marking a sharp rise of 389.1% compared to the previous year. The minimum value was recorded in 2018 at 0.1 million US dollars. The largest decline occurred in 2018, with a drop of 4.0%, while the largest increase was in 2019, with a jump of 1 084.6%.

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

Between 2017 and 2020, the geographical pattern of exports in value terms reflected a strong reliance on the Philippines, which absorbed 93.4% of total export flows.

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

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

Imports milk to Bangladesh

Imports in kind, K t

Bangladesh's milk imports declined for the second consecutive year. In 2020, imports totaled 116.7 thousand tons, which is 14.5% lower than the previous year. Over the 2017-2020 period, imports decreased by 5.3%, with a compound annual growth rate of -1.8%. The maximum volume was recorded in 2018 at 171.2 thousand tons. The largest decline occurred in 2019, with a drop of 20.3%, while the largest increase was in 2018, with a rise of 38.9%.

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

From 2017 to 2020, New Zealand (53.8% of imports in volume), Australia (5.4%), and Czechia (4.4%) were the primary suppliers of milk to Bangladesh, jointly accounting for 63.6% of total imports in kind.

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

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

Imports in value, M $ US

Bangladesh's milk import value declined for the second year in a row. In 2020, imports amounted to 336.6 million US dollars, indicating a modest decrease of 8.2% year-over-year. Between 2017 and 2020, imports fell by 2.4%, equating to an annualized decline of 0.8%. The maximum value was recorded in 2018 at 448.7 million US dollars. The largest decline occurred in 2019, with a drop of 18.3%, while the largest increase was in 2018, with a rise of 30.2%.

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

Over the 2017-2020 period, New Zealand (59.8% of imports in value), Australia (5.2%), and Czechia (3.8%) made the biggest contributions to Bangladesh's milk imports in monetary terms, jointly accounting for 68.8% of total flows.

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

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