Price for Homogenised Composite Food Preparations in Myanmar - 2022

Contents:

1. Price for Homogenised Composite Food Preparations in Myanmar (CIF) - 2022
2. Imports of Homogenised Composite Food Preparations in Myanmar

Price for Homogenised Composite Food Preparations in Myanmar (CIF) - 2022

In November 2022, the average homogenised composite food preparations import price amounted to $13,382 per ton, increasing by 11% against the previous month. In general, the import price, however, continues to indicate a mild setback. The import price peaked at $16,548 per ton in April 2022; however, from May 2022 to November 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Thailand.

From November 2021 to November 2022, the rate of growth in terms of prices for Thailand amounted to -1.5% per month.

Imports of Homogenised Composite Food Preparations in Myanmar

In 2022, purchases abroad of homogenised composite food preparationses decreased by -38.3% to 374 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. As a result, imports attained the peak of 607 tons, and then declined significantly in the following year.

In value terms, homogenised composite food preparations imports contracted significantly to $5.4M in 2022. Overall, imports, however, recorded a temperate expansion. The pace of growth was the most pronounced in 2021 with an increase of 70% against the previous year. As a result, imports attained the peak of $9.6M, and then reduced sharply in the following year.

Top Suppliers of Homogenised Composite Food Preparations to Myanmar in 2022:

1. Thailand (370.9 tons)