Sucrose in solid form market in Bangladesh

Earlier Report Observations

From 2018 to 2020, Bangladesh's sugar market volume expanded from 1 803 thousand tons to 2 441 thousand tons. This growth was primarily driven by the Bangladesh Sugar and Food Industry Corporation's efforts to modernize sugar mills and improve sugarcane seed quality, alongside increasing consumer demand due to economic progress and urbanization. In 2020, supply chain disruptions and climate-related challenges to sugarcane yields moderated the pace of expansion.

The market then contracted to 2 408 thousand tons in 2021 and further to 2 202 thousand tons in 2022, before stabilizing at 2 187 thousand tons in 2023. The decline coincided with ongoing raw material availability issues and was influenced by government controls on sugar imports and taxes on unhealthy snacks, which affected confectionery consumption. During this period, the government launched modernization plans, including reopening closed mills and partnering with international investors, aiming to boost long-term production capacity.

In 2024, BSFIC set specific sugar production targets and emphasized high-quality sugarcane seed production to enhance yields. Sugar imports continued to decline, reflecting a focus on domestic production capabilities and potential shifts in demand patterns.

Production sucrose in solid form in Bangladesh

In kind, 2017-2020, K t

Bangladesh was among the world's leading producers of sucrose in solid form from 2017 to 2020, ranking 14th globally by production volume.

Top producers of sucrose in solid form, 2017-2020

World map of production of sucrose in solid form, 2017-2020

Bangladesh's production of sucrose in solid form increased for the second consecutive year in 2020, reaching 2 319 K t. This represents a 10.2% growth compared to the previous year. However, over the entire 2017-2020 period, production decreased by 15%, with a compound annual growth rate (CAGR) of -5.3%. The lowest production was recorded in 2018 at 1 710 K t, which saw the largest decline of 37.3%. In contrast, 2019 experienced the largest increase of 23.0%.

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

Exports sucrose in solid form from Bangladesh

Exports in kind, K t

Export volumes of sucrose in solid form from Bangladesh showed significant fluctuations during the period. They reached their minimum in 2019 at 0.0 K t and peaked in 2017, with a 20 022-fold difference between these years. In 2020, exports totaled 0.0 K t, which was 1 611.7% higher than in 2019. The largest decline occurred in 2019, dropping by 100.0%.

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

From 2017 to 2020, Nepal was the primary market for Bangladesh's sucrose in solid form exports in kind, accounting for 85.4% of total exports. Other destinations collectively made up a smaller portion of the export flow.

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, K $ US

The export market in value terms exhibited volatility from 2017 to 2020. Volumes hit their lowest point in 2019 at 0.4 K $ US and reached their maximum in 2017, with a 7 061-fold variation between these years. In 2020, Bangladesh exported 3 K $ US of sucrose in solid form, marking an 849.4% increase compared to 2019. The largest decline was recorded in 2019 at 100.0%.

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

During 2017-2020, Nepal dominated Bangladesh's sucrose in solid form exports in value terms, capturing 86.9% of total flows. The remaining share was distributed among other countries.

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

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

Imports sucrose in solid form to Bangladesh

Imports in kind, K t

Import volumes of sucrose in solid form into Bangladesh experienced notable fluctuations. They were at their lowest in 2017 and peaked in 2020, varying by 2.6 times over this period. In 2020, imports reached 121.7 K t, reflecting a 69.3% advance compared to 2019. The largest decline occurred in 2019 at 24.8%, while the largest increase was in 2018 at 104.6%.

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

Throughout 2017-2020, India was the leading source for Bangladesh's sucrose in solid form imports in kind, holding a 77.4% share of total flows. Other markets accounted for the remainder.

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, K $ US

The import market in value terms showed volatility from 2017 to 2020. Volumes were at their lowest in 2017 and peaked in 2018, with a 1.8-fold difference between these years. In 2020, Bangladesh's imports totaled 46 442 K $ US, indicating an 81.0% rise compared to 2019. The maximum value was recorded in 2018 at 46 561 K $ US. The largest decline was in 2019 at 44.9%, while the largest increase occurred in 2018 at 82.7%.

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

From 2017 to 2020, India remained the main source for Bangladesh's sucrose in solid form imports in value terms, accounting for 71.9% of total flows. The rest was distributed across various smaller markets.

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

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