Supply/Demand Basics
- World’s fifth largest market in fish production and 2nd largest freshwater fish producer, growing at 9%
- Covid-19 market destruction affected the fishing sector, which is expected to reach 4.52 MMT by end of 2021
- Poultry production suffered severe losses, but shift to processing and online sales of processed products saved the day for many processors
- Demand of feed ingredients continues to increase; Bangladesh is a major buyer in South Asia.
Country Overview
- Bangladesh is one of the most densely populated countries in the world and is also one of the most vulnerable to climate change. A 1-degree Celsius temperature increase could swamp 20% of Bangladesh and force 30% of the population abandon their homes.
- Bangladesh’s small businesses have been ravaged due to lockdowns and its effect can also be seen in the livestock sector.
Trade and Market Share Overview
- U.S. enjoys a 100 percent market for DDGs.
- 2021 saw a major shift in corn buying and trade shifted to India due to high corn prices in the world market
- Total corn imports in 2021 were 2.2 MMT, of which 1 MMT were from India
- Port and storage infrastructure is insufficient and in poor condition. New projects have been announced.
Policy Overview
- In 2020, the government removed tariffs for all feed ingredients.
- Bangladesh was approved under the GSM-102 program, which will incentivize U.S. suppliers to work in Bangladesh.
- Ban on imports of meat & bone meal (MBM) is an opportunity for co-product imports.
