Price for Flour and Meal; of Potatoes in Myanmar - 2022

Contents:

1. Price for Flour and Meal; of Potatoes in Myanmar (CIF) - 2022
2. Price for Flour and Meal; of Potatoes in Myanmar (FOB) - 2022
3. Imports of Flour and Meal; of Potatoes in Myanmar
4. Exports of Flour and Meal; of Potatoes in Myanmar

Price for Flour and Meal; of Potatoes in Myanmar (CIF) - 2022

In 2022, the average import price for flour and meal; of potatoeses amounted to $1,220 per ton, with an increase of 5.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 142% against the previous year. As a result, import price attained the peak level of $1,486 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($1,580 per ton), while the price for Thailand ($768 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.9%), while the prices for the other major suppliers experienced a decline.

Price for Flour and Meal; of Potatoes in Myanmar (FOB) - 2022

The average export price for flour and meal; of potatoeses stood at $765 per ton in 2022, with an increase of 40% against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 71%. The export price peaked at $1,316 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($2,593 per ton), while the average price for exports to Singapore amounted to $340 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+13.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flour and Meal; of Potatoes in Myanmar

After two years of decline, overseas purchases of flour and meal; of potatoeses increased by 39% to 296 tons in 2022. Overall, imports, however, saw a dramatic contraction.

In value terms, flour and meal; of potatoes imports soared to $361K in 2022. Over the period under review, imports, however, saw a abrupt contraction.

Top Suppliers of Flour and Meal; of Potatoes to Myanmar in 2022:

1. Netherlands (160.0 tons)
2. Thailand (121.0 tons)
3. Poland (15.0 tons)

Exports of Flour and Meal; of Potatoes in Myanmar

In 2022, overseas shipments of flour and meal; of potatoeses decreased by -14.4% to 57 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, posted a pronounced expansion. The most prominent rate of growth was recorded in 2020 with an increase of 3,033%. As a result, the exports reached the peak of 1.5K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, flour and meal; of potatoes exports skyrocketed to $44K in 2022. In general, exports, however, saw measured growth. The most prominent rate of growth was recorded in 2020 with an increase of 3,161%. As a result, the exports reached the peak of $1.2M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Flour and Meal; of Potatoes from Myanmar in 2022:

1. Singapore (46.3 tons)
2. Malaysia (10.2 tons)

Source: IndexBox Market Intelligence Platform