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Geographical location of Bangladesh
For last few years, palm oil occupied about 70% share of county’s
edible oil market, but in 2007 its market share declined to about
60%. However, from the beginning of 2008, palm oil is regaining its
position and currently occupying again 70% share of country’s edible
oil market. As per import information, in 2008, a quantity of
816,000 tonnes of palm oil was imported in the country which is
about 74% of the total import of oils and fats in that year,
although total import of oils and fats declined by 9.14% compared to
2007. Presently the country has a refining capacity of over 3
million tonnes of refined oils. CPO and CPL are being imported at
the ratio of 15:85 on an average. Price competitiveness, quality,
change of food habits - specially in urban areas, stagnant
indigenous production etc. are contributing together in the
increasing trend of import of crude palm oil/olein vis-ŕ-vis
consumption of refined/super olein in the country.
As the country’s per capita consumption of total oils and fats was
in increasing trend in pace with economic growth and rapid
urbanization, import of oils and fats also being increasing steadily
in pace with the upward trend of consumption. Under mentioned chart
would give an idea about the indigenous production of oils and fats,
import vis-ŕ-vis consumption trend in the country since 2004 to
2008.
Source: Oil World
Annual 2009 and MPOC Market Intelligence
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