Is Bangladesh a good place to export agricultural products?
The agricultural exports from Bangladesh have been growing at a CAGR of 18% for the last five years, in particular the exports of processed snacks. The global demand for agricultural product is also expected to grow by 15% between 2019-2028 which provides a great opportunity to the Bangladesh processed food industry to expand its exports.
How important is agro-food processing in Bangladesh?
The agro-food processing industry now contributes about 1.7 per cent to GDP and employs about 250,000 people. Its share of total exports now stands at around 3.5 per cent. Bangladesh¡¯s domestic agro-processed product market stood at USD 2.8 billion in 2019.
Is Bangladesh an agrarian country?
Bangladesh is an agrarian country with a tropical climate perfectly suitable for the production of a variety of crops, fruits & vegetables, livestock and fisheries and a promising Agro and Food-Processing industry.