Myanmar - Food Preparations For Infants - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaby Food Price in Myanmar - 2022
Contents:
- Baby Food Price in Myanmar (CIF) - 2022
- Baby Food Price in Myanmar (FOB) - 2022
- Baby Food Imports in Myanmar
- Baby Food Exports in Myanmar
Baby Food Price in Myanmar (CIF) - 2022
The average baby food import price stood at $10,482 per ton in December 2022, surging by 7.7% against the previous month. In general, import price indicated a perceptible increase from December 2021 to December 2022: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, baby food import price increased by +58.3% against September 2022 indices. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 61% m-o-m. As a result, import price reached the peak level of $15,346 per ton. From September 2022 to December 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($18,802 per ton), while the price for Malaysia ($4,233 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Baby Food Price in Myanmar (FOB) - 2022
The average baby food export price stood at $454 per ton in 2022, waning by -47.5% against the previous year. Over the period under review, the export price recorded a sharp shrinkage. The pace of growth was the most pronounced in 2017 an increase of 245,143% against the previous year. Over the period under review, the average export prices hit record highs at $6,065 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($479 per ton), while the average price for exports to Malaysia totaled $451 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-23.1%).
Baby Food Imports in Myanmar
In 2022, the amount of food preparations for infants imported into Myanmar contracted rapidly to 2.3K tons, reducing by -26.7% compared with the previous year's figure. Over the period under review, imports continue to indicate a deep downturn. The smallest decline of -2.8% was in 2020.
In value terms, baby food imports dropped remarkably to $24M in 2022. Overall, imports faced a abrupt contraction. The smallest decline of -5.6% was in 2020.
Import of Baby Food in Myanmar (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | N/A | 13.8 | 18.7 | 15.8 | 7.0% |
Ireland | 0.2 | 5.4 | 4.4 | 2.8 | 141.0% |
Indonesia | 0.7 | 3.9 | 2.9 | 2.1 | 44.2% |
Malaysia | 26.7 | 6.3 | 2.1 | 1.0 | -66.5% |
Philippines | 3.8 | 2.6 | 2.1 | 0.8 | -40.5% |
Germany | 0.9 | 1.8 | 0.4 | 0.8 | -3.9% |
Singapore | 7.3 | 3.6 | N/A | N/A | -50.7% |
Others | 0.8 | 0.7 | 0.8 | 0.7 | -4.4% |
Total | 40.4 | 38.1 | 31.4 | 24.0 | -15.9% |
Top Suppliers of Baby Food to Myanmar in 2022:
- Thailand (1504.7 tons)
- Malaysia (249.5 tons)
- Indonesia (174.3 tons)
- Philippines (149.7 tons)
- Ireland (122.0 tons)
- Germany (58.7 tons)
Baby Food Exports in Myanmar
In 2022, baby food exports from Myanmar skyrocketed to 33 tons, rising by 535% compared with the previous year. Over the period under review, exports, however, continue to indicate a noticeable decline.
In value terms, baby food exports surged to $15K in 2022. In general, exports, however, recorded a dramatic slump.
Export of Baby Food in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 49.9 | N/A | 4.5 | 13.1 | -36.0% |
Australia | N/A | N/A | N/A | 1.8 | 0% |
Jordan | 1.1 | N/A | N/A | N/A | 0% |
United Kingdom | 1.4 | N/A | N/A | N/A | 0% |
Pakistan | 1.5 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 53.8 | N/A | 4.5 | 15.0 | -34.7% |
Top Export Markets for Baby Food from Myanmar in 2022:
- Malaysia (29.1 tons)
- Australia (3.8 tons)
This report provides an in-depth analysis of the baby food market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10861070 - Food preparations for infants, p.r.s. (excluding homogenised composite food preparations)
Country coverage:
- Myanmar
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Myanmar
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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