Cereals; Millet, Seed Price in Myanmar - 2022
Contents:
- Cereals; Millet, Seed Price in Myanmar (CIF) - 2022
- Cereals; Millet, Seed Price in Myanmar (FOB) - 2022
- Cereals; Millet, Seed Imports in Myanmar
- Cereals; Millet, Seed Exports in Myanmar
Cereals; Millet, Seed Price in Myanmar (CIF) - 2022
In 2022, the average cereals; millet, seed import price amounted to $80 per ton, dropping by -93.4% against the previous year. Overall, the import price showed a deep setback. The most prominent rate of growth was recorded in 2017 a decrease of -30.1% against the previous year. The import price peaked at $5,320 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to -53.8% per year.
Cereals; Millet, Seed Price in Myanmar (FOB) - 2022
The average cereals; millet, seed export price stood at $312 per ton in 2022, standing approx. at the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; millet, seed export price increased by +23.9% against 2012 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 44% against the previous year. As a result, the export price reached the peak level of $450 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.2% per year.
Cereals; Millet, Seed Imports in Myanmar
In 2022, cereals; millet, seed imports into Myanmar shrank sharply to 25 kg, with a decrease of -99% compared with the previous year. In general, imports showed a dramatic descent.
In value terms, cereals; millet, seed imports contracted significantly to $2 in 2022. Over the period under review, imports saw a dramatic contraction.
| Import of Cereals; Millet, Seed in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| India | 2.9 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 2.9 | N/A | 0% | ||
Top Suppliers of Cereals; Millet, Seed to Myanmar in 2022:
- India (25.0 kg)
Cereals; Millet, Seed Exports in Myanmar
In 2022, the amount of cereals; millet, seeds exported from Myanmar stood at 1.1K tons, stabilizing at the year before. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 902%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, cereals; millet, seed exports amounted to $345K in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 594% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Cereals; Millet, Seed in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 343 | 44.1 | 343 | 345 | 0.2% |
| Others | N/A | 5.4 | N/A | N/A | 0% |
| Total | 343 | 49.5 | 343 | 345 | 0.2% |
Top Export Markets for Cereals; Millet, Seed from Myanmar in 2022:
- China (1.1K tons)
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