Organo-Sulphur Compounds; Methionine Price in Myanmar - 2022
Contents:
- Organo-Sulphur Compounds; Methionine Price in Myanmar (CIF) - 2022
- Organo-Sulphur Compounds; Methionine Imports in Myanmar
Organo-Sulphur Compounds; Methionine Price in Myanmar (CIF) - 2022
In December 2022, the average organo-sulphur compounds; methionine import price amounted to $2,492 per ton, remaining stable against the previous month. Overall, the import price, however, recorded a mild slump. The growth pace was the most rapid in February 2022 an increase of 13% against the previous month. The import price peaked at $3,078 per ton in July 2022; however, from August 2022 to December 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($2,550 per ton), while the price for Singapore ($2,440 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 Singapore (-1.1%), while the prices for the other major suppliers experienced a decline.
Organo-Sulphur Compounds; Methionine Imports in Myanmar
In 2022, organo-sulphur compounds; methionine imports into Myanmar rose to 2.7K tons, growing by 3.9% on the previous year's figure. The total import volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 12%. As a result, imports reached the peak of 2.8K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, organo-sulphur compounds; methionine imports dropped slightly to $6.2M in 2022. The total import value increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 11%.
| Import of Organo-Sulphur Compounds; Methionine in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 3.8 | 3.9 | 2.9 | 3.1 | -6.6% |
| China | 0.4 | 1.0 | 1.6 | 1.4 | 51.8% |
| Malaysia | 0.4 | 0.3 | 1.0 | 0.8 | 26.0% |
| Japan | 0.5 | 0.4 | 0.8 | 0.7 | 11.9% |
| Thailand | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Total | 5.3 | 5.9 | 6.5 | 6.2 | 5.4% |
Top Suppliers of Organo-Sulphur Compounds; Methionine to Myanmar in 2022:
- Singapore (1438.0 tons)
- China (523.4 tons)
- Malaysia (354.6 tons)
- Japan (292.7 tons)
- Thailand (49.3 tons)
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