Price for Cereal Grains; Rolled or Flaked, of Oats in Myanmar - 2023

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Oats in Myanmar (CIF) - 2022
2. Price for Cereal Grains; Rolled or Flaked, of Oats in Myanmar (FOB) - 2022
3. Imports of Cereal Grains; Rolled or Flaked, of Oats in Myanmar
4. Exports of Cereal Grains; Rolled or Flaked, of Oats in Myanmar

Price for Cereal Grains; Rolled or Flaked, of Oats in Myanmar (CIF) - 2022

In 2022, the average import price for cereal grains; rolled or flaked, of oatses amounted to $1,506 per ton, waning by -7.1% against the previous year. Overall, the import price, however, showed a tangible increase. The growth pace was the most rapid in 2017 an increase of 225%. Over the period under review, average import prices reached the peak figure at $2,840 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($3,297 per ton), while the price for Malaysia ($1,345 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Grains; Rolled or Flaked, of Oats in Myanmar (FOB) - 2022

The average export price for cereal grains; rolled or flaked, of oatses stood at $1,048 per ton in 2021, increasing by 68% against the previous year. Over the period under review, the export price posted significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($1,075 per ton), while the average price for exports to the United States amounted to $975 per ton.

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+59.7%).

Imports of Cereal Grains; Rolled or Flaked, of Oats in Myanmar

After three years of growth, purchases abroad of cereal grains; rolled or flaked, of oatses decreased by -13.2% to 227 tons in 2022. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 101%. As a result, imports attained the peak of 262 tons, and then shrank in the following year.

In value terms, imports of cereal grains; rolled or flaked, of oatses fell dramatically to $342K in 2022. Over the period under review, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 169%. As a result, imports attained the peak of $424K, and then reduced rapidly in the following year.

Top Suppliers of Cereal Grains; Rolled or Flaked, of Oats to Myanmar in 2022:

1. Malaysia (181.7 tons)
2. Thailand (33.2 tons)
3. Netherlands (5.8 tons)
4. United Kingdom (4.2 tons)
5. Singapore (1.8 tons)

Exports of Cereal Grains; Rolled or Flaked, of Oats in Myanmar

Exports of cereal grains; rolled or flaked, of oatses from Myanmar fell dramatically to 292 kg in 2021, waning by -99.1% against 2020 figures. In general, exports showed a dramatic slump.

In value terms, exports of cereal grains; rolled or flaked, of oatses contracted sharply to $306 in 2021. Over the period under review, exports recorded a precipitous contraction.

Top Export Markets for Cereal Grains; Rolled or Flaked, of Oats from Myanmar in 2022:

1. Singapore (213.0 kg)
2. United States (79.0 kg)

Source: IndexBox Market Intelligence Platform