Broken Rice Price in Myanmar - 2022
Contents:
- Broken Rice Price in Myanmar (FOB) - 2022
- Broken Rice Price in Myanmar (CIF) - 2022
- Broken Rice Exports in Myanmar
- Broken Rice Imports in Myanmar
Broken Rice Price in Myanmar (FOB) - 2022
In December 2022, the average broken rice export price amounted to $407 per ton, rising by 6.6% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +2.7%. The most prominent rate of growth was recorded in September 2022 an increase of 13% m-o-m. As a result, the export price reached the peak level of $408 per ton. From October 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In December 2022, the highest price was recorded for prices to China ($472 per ton) and Spain ($390 per ton), while the average price for exports to Belgium ($362 per ton) and the Netherlands ($365 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Broken Rice Price in Myanmar (CIF) - 2022
In 2022, the average broken rice import price amounted to $8,000 per ton, picking up by 1,506% against the previous year. In general, the import price continues to indicate a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Switzerland.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +29.8% per year.
Broken Rice Exports in Myanmar
In 2022, the amount of broken rice exported from Myanmar skyrocketed to 818K tons, growing by 22% compared with 2021 figures. The total export volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, broken rice exports expanded sharply to $279M in 2022. The total export value increased at an average annual rate of +13.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 40%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Broken Rice in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 68.5 | 114 | 81.3 | 120 | 20.5% |
| China | 7.3 | 12.6 | 8.1 | 114 | 150.0% |
| Spain | 1.7 | 1.7 | 4.0 | 11.2 | 87.5% |
| Poland | N/A | N/A | N/A | 8.4 | 0% |
| Netherlands | 10.5 | 12.2 | 3.3 | 7.2 | -11.8% |
| Thailand | 6.2 | 13.6 | 3.7 | 4.5 | -10.1% |
| United Kingdom | 8.8 | 10.5 | 3.8 | 1.9 | -40.0% |
| Burkina Faso | 20.2 | 10.2 | 6.6 | N/A | -42.8% |
| Senegal | 26.8 | 34.1 | 16.3 | N/A | -22.0% |
| Others | 42.5 | 59.8 | 131 | 11.7 | -34.9% |
| Total | 193 | 269 | 258 | 279 | 13.1% |
Top Export Markets for Broken Rice from Myanmar in 2022:
- Belgium (380.4K tons)
- China (303.3K tons)
- Spain (33.8K tons)
- Poland (25.1K tons)
- Netherlands (23.0K tons)
- Thailand (12.5K tons)
- United Kingdom (5.2K tons)
Broken Rice Imports in Myanmar
In 2022, the amount of broken rice imported into Myanmar fell rapidly to 1 kg, waning by 99.9% against the previous year's figure. Overall, imports continue to indicate a significant curtailment. The smallest decline of -14.7% was in 2021.
In value terms, broken rice imports reduced dramatically to $10 in 2022. Over the period under review, imports saw a sharp slump. The smallest decline of -20% was in 2021.
| Import of Broken Rice in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 98.1 | 3.8 | 2.3 | N/A | -84.7% |
| Switzerland | N/A | N/A | N/A | N/A | 0% |
| China | 429 | 3.2 | 2.7 | N/A | -92.1% |
| Germany | 101 | N/A | N/A | N/A | 0% |
| Vietnam | 333 | 6.8 | 4.6 | N/A | -88.2% |
| United States | 82.4 | 0.5 | 1.9 | N/A | -84.8% |
| Others | 31.1 | N/A | N/A | N/A | 0% |
| Total | 1,074 | 14.3 | 11.5 | N/A | -89.7% |
Top Suppliers of Broken Rice to Myanmar in 2022:
- Switzerland (1.0 kg)
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