Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Myanmar - 2022
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Myanmar (CIF) - 2022
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Myanmar
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Myanmar (CIF) - 2022
The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $925 per ton in December 2022, reducing by -23.3% against the previous month. In general, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 31% against the previous month. Over the period under review, average import prices reached the maximum at $1,599 per ton in April 2022; however, from May 2022 to December 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was Malaysia ($979 per ton), while the price for Singapore ($700 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+0.3%), while the prices for the other major suppliers experienced a decline.
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Myanmar
In 2022, the amount of liquid margarine and edible mixtures of animal or vegetable fats imported into Myanmar reduced to 5.8K tons, waning by -14.3% against 2021. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 8.6% against the previous year.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats dropped to $7.2M in 2022. The total import value increased at an average annual rate of +8.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 33%. As a result, imports reached the peak of $7.3M, and then declined slightly in the following year.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1.6 | 1.2 | 1.9 | 3.9 | 34.6% |
| Indonesia | 3.3 | 3.5 | 5.0 | 3.1 | -2.1% |
| China | 0.3 | 0.3 | 0.2 | N/A | -18.4% |
| Others | 0.5 | 0.4 | 0.2 | 0.2 | -26.3% |
| Total | 5.7 | 5.5 | 7.3 | 7.2 | 8.1% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Myanmar in 2022:
- Indonesia (3.1K tons)
- Malaysia (2.5K tons)
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