Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Myanmar - 2022

Contents:

1. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Myanmar (FOB) - 2022
2. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Myanmar (CIF) - 2022
3. Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Myanmar
4. Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Myanmar

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Myanmar (FOB) - 2022

In 2022, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $3,272 per ton, with an increase of 383% against the previous year. In general, the export price continues to indicate significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +7.5% per year.

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Myanmar (CIF) - 2022

The average import price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $1,000 per ton in 2022, remaining constant against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 57%. The import price peaked at $1,337 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($1,000 per ton) and China ($1,000 per ton), while the price for Singapore ($1,000 per ton) and Thailand ($1,000 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+0.9%), while the prices for the other major suppliers experienced a decline.

Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Myanmar

For the third consecutive year, Myanmar recorded decline in overseas shipments of flour and meal; of sago, roots or tubers of heading no. 0714, which decreased by -66.5% to 106 tons in 2022. Over the period under review, exports recorded a sharp setback. The smallest decline of -30.8% was in 2020.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 surged to $346K in 2022. Overall, exports recorded a dramatic descent.

Top Export Markets for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 from Myanmar in 2022:

1. Japan (105.7 tons)

Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Myanmar

In 2022, imports of flour and meal; of sago, roots or tubers of heading no. 0714 into Myanmar totaled 6 kg, flattening at the year before. In general, imports showed a precipitous descent. The smallest decline of -99.7% was in 2020.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 stood at $6 in 2022. Overall, imports recorded a sharp descent. The smallest decline of -99.8% was in 2020.

Top Suppliers of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 to Myanmar in 2022:

1. Singapore (1.0 kg)
2. Indonesia (1.0 kg)
3. Malaysia (1.0 kg)
4. China (1.0 kg)
5. Japan (1.0 kg)
6. Thailand (1.0 kg)

Source: IndexBox Market Intelligence Platform