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Export Potential of Cutflower in Bangladesh

M.A. Jalil
Department of Cooperation and Marketing, Bangladesh Agricultural University, Mymensingh-2202.

A.H.M.S. Islam
Department of Agricultural Economics, Bangladesh Agricultural University, Mymensingh-2202.

S.A. Sabur
Department of Cooperation and Marketing, Bangladesh Agricultural University, Mymensingh-2202.

Abstract/ Executive Summary:

The present study is an attempt to examine the export potential of some selected flowers such as tuberose, rose, gladiolus and marigold of Bangladesh based on primary and secondary data. Bangladesh has been exporting selected cutflowers and other floricultural products to some of the middle-eastern and european countries. For describing the growth pattern of cutflower export and making forecast with minimum forecasting error the exponential model is appeared and reported. It was observed that if the present growth rate continues the cutflowers export from Bangladesh would be Tk. 1163012 thousand in the March, 2008 based on exponential growth model. It is to noted that the short term forecast is better as the error of forecast increases with the increase of the period of forecast. Bangladesh has a scope for expanding floriculture export as it enjoys comparative advantages in terms of favorable climatic conditions to meet seasonal market opportunities in the overseas market. Trader indicated that there were some problems which created hindrances in the export of cutflower from Bangladesh. On the basis of the findings some recommendations were made.

Keywords: Export potential, Cutflowers, Bangladesh

Location: The present study is based on secondary data - from various books, journals, newspaper, document of BBS, website searching, Export Promotion Bureau (EPB) and Department of Agricultural Marketing (DAM), etc.

Start Date: 00-01-2006

End Date: 00-12-2006

Program Area: Socio-economic and Policy

Non-commodity: , Market analysis

Objectives:

1. To examine the export potential of cutflowers in terms of future export from Bangladesh.

Methodology:

The present study is based on secondary data. Secondary data were also collected from various books, journals, newspaper, document of BBS, website searching, Export Promotion Bureau (EPB) and Department of Agricultural Marketing (DAM), etc. Moreover to know the consequences of flower export from Bangladesh it was a bare necessity to select a zone, which would provide maximum information regarding flower export from Bangladesh. Dhaka city is the center, which provides maximum information as regards flower export from Bangladesh. So, for having maximum potential in flower export, Dhaka city was selected as the study area for collecting information on the exporting information from Bangladesh. For collecting supplementary data the researcher personally visited the flower concentrated area, Jhikargacha Upazila in Jessore district. For forecasting purpose two types of time series models are widely used. The first type is known as deterministic models and the second type is known as stochastic models. The stochastic time series models, ARIMA, are very popular and can make forecast with minimum forecast error. The stochastic time series models are very difficult to identify and estimate. Deterministic models, often called growth models, such as linear, exponential are very quick to estimate, inexpensive and very easy to understand. These models are widely used to estimate the growth rate of time series.

Source of Information: J. Agrofor. Environ. 1(2): 107-111, 2007; ISSN 1995-6983

Article Link (Online Journal):

Funding Source:

Total Budget (Tk.) :

Achievement/Findings:

As a young nation, Bangladesh is striving hard for the future and the government policy is one of inducement and facilitation for promotion investment and export. In response to this policy, entrepreneurs have already started investing in commercial farming of flowers and exporters are getting increasingly involved in changing the produce to all potential market destinations. As a result, Bangladesh lanced cutflower export activity since one decade ago. Farmers produce flower for international market with aims at bringing about socio-economics improvement in rural Bangladesh and earn foreign currency for the country. From the study it is clear that there is a lot of opportunity to increase export of cutflower from Bangladesh.

Knowledge Management: Journal