Wheat and meslin flour and cereals market in Bangladesh

Earlier Report Observations

The market volume for wheat and meslin flour and cereals in Bangladesh displayed considerable volatility between 2018 and 2023. Starting at 2 741 thousand tonnes in 2018, consumption fell sharply to 2 201 thousand tonnes the following year. A strong recovery followed in 2020, bringing the volume to 2 691 thousand tonnes, with a further slight increase to a peak of 2 791 thousand tonnes in 2021. This expansion was reversed over the next two years, with the market contracting to 2 341 thousand tonnes in 2022 and then declining steeply to 1 679 thousand tonnes in 2023.

In 2024, a currency crisis and the rising value of the US dollar significantly increased the import cost of wheat, which elevated production expenses and led to higher consumer prices for locally produced wheat and meslin flour.

Production wheat and meslin flour and cereals in Bangladesh

In kind, 2017-2020, K t

From 2017 to 2020, Bangladesh consistently ranked 30th globally in the production volume of wheat and meslin flour and cereals.

Top producers of wheat and meslin flour and cereals, 2017-2020

World map of production of wheat and meslin flour and cereals, 2017-2020

In 2020, Bangladesh produced 2 689 K t of wheat and meslin flour and cereals, marking a 22.2% increase compared to 2019. The lowest production level was recorded in 2019 at 2 200 K t, while the highest was in 2018 at 2 740 K t. The most significant decline occurred in 2019, with a drop of 19.7%.

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

Exports wheat and meslin flour and cereals from Bangladesh

Exports in kind, t

The data shows irregular changes, reflecting a volatile market environment. Exports reached their lowest point in 2018 at 0.4 t and peaked in 2020 at 358 t, representing a 995-fold difference. In 2020, exports increased by 36.8% compared to 2019. The largest decline was recorded in 2018 at 99.8%, while the most substantial increase occurred in 2019, soaring by 72 617.3%.

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

Between 2017 and 2020, the United States, the United Arab Emirates, and India were the largest buyers of wheat and meslin flour and cereals from Bangladesh. The United States accounted for 38.1% of exports in kind, the United Arab Emirates for 25.0%, and India for 17.5%. Together, these three countries formed 80.6% of total exports in kind.

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 market exhibited an unstable trend throughout the period. Exports bottomed in 2018 at 0.2 K $ US and peaked in 2020 at 238 K $ US, showing a 1 299-fold difference. In 2020, exports increased by 47.7% compared to the previous year. The largest decline was in 2018 at 99.6%, while the most significant increase was in 2019, rising by 87 883.7%.

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

From 2017 to 2020, the United States, Japan, and the United Arab Emirates were the principal destinations for exports in value terms. The United States accounted for 57.5% of exports in value, Japan for 10.5%, and the United Arab Emirates for 10.3%. Collectively, these three countries represented 78.3% 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 wheat and meslin flour and cereals to Bangladesh

Imports in kind, t

Bangladesh's wheat and meslin flour and cereals import volume increased for the third consecutive year. In 2020, imports totaled 1 584 t, up by 33.5% compared to the previous year. Over the period from 2017 to 2020, imports grew by 141.9%, with a compound annual growth rate (CAGR) of 34.2%.

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

Between 2017 and 2020, India, Singapore, and Cyprus accounted for the largest share of imports in kind. India represented 45.6% of imports in kind, Singapore 17.0%, and Cyprus 15.1%. Together, these three countries comprised 77.7% of total import flows.

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

Bangladesh's wheat and meslin flour and cereals import volume increased for the third consecutive year. In 2020, imports amounted to 1 584 K $ US, which is 59.3% higher than a year earlier. Between 2017 and 2020, imports rose by 145.3%, equating to an annualized rate of 34.9%.

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

Throughout 2017 to 2020, Singapore, India, and Thailand played the leading roles in imports in value terms for wheat and meslin flour and cereals to Bangladesh. Singapore accounted for 37.5% of imports in value, India for 30.5%, and Thailand for 15.9%. Together, these three countries took 83.9% of total import flows.

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

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