Price for Cereals; Maize (Corn), Other than Seed in Myanmar - 2022
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Myanmar (FOB) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in Myanmar (CIF) - 2022
- Exports of Cereals; Maize (Corn), Other than Seed in Myanmar
- Imports of Cereals; Maize (Corn), Other than Seed in Myanmar
Price for Cereals; Maize (Corn), Other than Seed in Myanmar (FOB) - 2022
In December 2022, the average export price for cereals; maize (corn), other than seeds amounted to $296 per ton, growing by 2% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2022 an increase of 68% month-to-month. As a result, the export price attained the peak level of $840 per ton. From June 2022 to December 2022, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In December 2022, the highest price was recorded for prices to Bangladesh ($300 per ton) and China ($298 per ton), while the average price for exports to Vietnam ($292 per ton) and the Philippines ($292 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 (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Other than Seed in Myanmar (CIF) - 2022
In 2022, the average import price for cereals; maize (corn), other than seeds amounted to $1,494 per ton, with an increase of 31% against the previous year. Overall, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of 665%. Over the period under review, average import prices reached the peak figure at $3,278 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Thailand ($2,271 per ton), while the price for South Africa amounted to $400 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereals; Maize (Corn), Other than Seed in Myanmar
For the fourth consecutive year, Myanmar recorded growth in shipments abroad of cereals; maize (corn), other than seeds, which increased by 70% to 1.5M tons in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 181%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of cereals; maize (corn), other than seeds surged to $628M in 2022. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 178% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Cereals; Maize (Corn), Other than Seed in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 85.2 | 223 | 427 | 347 | 59.7% |
| Vietnam | 0.1 | 3.5 | 21.7 | 132 | 997.0% |
| Philippines | 3.2 | 7.8 | 55.3 | 85.1 | 198.5% |
| China | 0.7 | 10.2 | 4.0 | 33.1 | 261.6% |
| Bangladesh | N/A | 0.4 | 4.0 | 28.1 | 738.2% |
| Others | 0.8 | 4.7 | 0.3 | 2.2 | 40.1% |
| Total | 89.9 | 250 | 512 | 628 | 91.2% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Myanmar in 2022:
- Thailand (488.9K tons)
- Vietnam (468.2K tons)
- Philippines (286.9K tons)
- China (115.8K tons)
- Bangladesh (98.4K tons)
Imports of Cereals; Maize (Corn), Other than Seed in Myanmar
In 2022, imports of cereals; maize (corn), other than seeds into Myanmar shrank remarkably to 500 tons, with a decrease of -41.1% against the year before. Overall, imports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year.
In value terms, imports of cereals; maize (corn), other than seeds dropped rapidly to $748K in 2022. In general, imports faced a dramatic decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year.
| Import of Cereals; Maize (Corn), Other than Seed in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 2,891 | 476 | 751 | 664 | -38.8% |
| South Africa | 93.5 | 114 | 156 | 83.1 | -3.9% |
| United States | 94.2 | 95.3 | 65.3 | N/A | -16.7% |
| Others | 10.6 | N/A | N/A | N/A | 0% |
| Total | 3,089 | 686 | 972 | 748 | -37.7% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Myanmar in 2022:
- Thailand (292.6 tons)
- South Africa (207.7 tons)
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