Non-Liquid Margarine Price in Myanmar - 2022
Contents:
Non-Liquid Margarine Price in Myanmar (CIF) - 2022
In December 2022, the average non-liquid margarine import price amounted to $878 per ton, waning by -43.9% against the previous month. Over the period under review, the import price recorded a abrupt downturn. The pace of growth was the most pronounced in July 2022 when the average import price increased by 135% against the previous month. As a result, import price reached the peak level of $1,902 per ton. From August 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Indonesia ($902 per ton), while the price for China stood at $800 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Imports in Myanmar
After three years of growth, purchases abroad of non-liquid margarine decreased by -14.7% to 2.3K tons in 2022. The total import volume increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 15%. As a result, imports attained the peak of 2.7K tons, and then declined in the following year.
In value terms, non-liquid margarine imports declined to $2.7M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 50%. As a result, imports reached the peak of $2.9M, and then declined in the following year.
| Import of Non-Liquid Margarine in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1,051 | 1,387 | 1,938 | 1,697 | 17.3% |
| Singapore | 121 | 115 | 405 | 387 | 47.3% |
| Malaysia | 352 | 379 | 342 | 347 | -0.5% |
| China | 55.1 | N/A | 176 | 282 | 72.3% |
| Thailand | 99.2 | 43.7 | 33.6 | 16.5 | -45.0% |
| Others | 6.0 | 0.1 | N/A | N/A | -98.3% |
| Total | 1,684 | 1,924 | 2,895 | 2,729 | 17.5% |
Top Suppliers of Non-Liquid Margarine to Myanmar in 2022:
- Indonesia (1646.2 tons)
- China (349.6 tons)
- Malaysia (170.6 tons)
- Singapore (145.9 tons)
- Thailand (11.0 tons)
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