Bangladesh: Mushroom And Truffle Market 2024

Mushroom And Truffle Market Size in Bangladesh

The Bangladeshi mushroom and truffle market soared to $X in 2023, picking up by X% against the previous year. In general, consumption recorded a prominent expansion. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Mushroom And Truffle Production in Bangladesh

In value terms, mushroom and truffle production expanded slightly to $X in 2023 estimated in export price. In general, production continues to indicate a resilient increase. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Mushroom and truffle production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

In 2023, the average mushroom and truffle yield in Bangladesh was estimated at less than X kg per ha, leveling off at 2022 figures. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The mushroom and truffle harvested area in Bangladesh amounted to less than X ha in 2023, approximately mirroring 2022. In general, the harvested area continues to indicate a relatively flat trend pattern.

Mushroom And Truffle Exports

Exports from Bangladesh

In 2023, overseas shipments of mushrooms and truffles decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Overall, exports saw a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, mushroom and truffle exports dropped dramatically to $X in 2023. In general, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2022 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

Malaysia (X tons), Kuwait (X tons) and the United Arab Emirates (X kg) were the main destinations of mushroom and truffle exports from Bangladesh, with a combined X% share of total exports. Switzerland lagged somewhat behind, comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for mushroom and truffle exported from Bangladesh were Kuwait ($X), Malaysia ($X) and the United Arab Emirates ($X), with a combined X% share of total exports. Switzerland lagged somewhat behind, comprising a further X%.

Among the main countries of destination, Switzerland, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average mushroom and truffle export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mushroom And Truffle Imports

Imports into Bangladesh

Mushroom and truffle imports into Bangladesh surged to X tons in 2023, picking up by X% against the previous year. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of X%. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, mushroom and truffle imports surged to $X in 2023. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Thailand (X tons) and India (X tons) were the main suppliers of mushroom and truffle imports to Bangladesh, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Thailand ($X) and the United Arab Emirates ($X) were the largest mushroom and truffle suppliers to Bangladesh, together accounting for X% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mushroom and truffle import price stood at $X per ton in 2023, falling by X% against the previous year. Overall, the import price, however, showed a moderate expansion. The growth pace was the most rapid in 2015 an increase of X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform