Myanmar - Mixed Condiments, Sauses and Seasonings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Mixed Condiment, Sause and Seasoning in Myanmar - 2022
Contents:
- Price for Mixed Condiment, Sause and Seasoning in Myanmar (CIF) - 2022
- Price for Mixed Condiment, Sause and Seasoning in Myanmar (FOB) - 2022
- Imports of Mixed Condiment, Sause and Seasoning in Myanmar
- Exports of Mixed Condiment, Sause and Seasoning in Myanmar
Price for Mixed Condiment, Sause and Seasoning in Myanmar (CIF) - 2022
The average import price for mixed condiments, sauses and seasonings stood at $1,540 per ton in December 2022, increasing by 24% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was the Netherlands ($1,865 per ton), while the price for Thailand stood at $1,461 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.9%).
Price for Mixed Condiment, Sause and Seasoning in Myanmar (FOB) - 2022
The average export price for mixed condiments, sauses and seasonings stood at $2,794 per ton in December 2022, dropping by -51.6% against the previous month. Overall, the export price, however, recorded mild growth. The growth pace was the most rapid in October 2022 an increase of 246% m-o-m. As a result, the export price attained the peak level of $7,912 per ton. From November 2022 to December 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($3,403 per ton), while the average price for exports to Malaysia totaled $895 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+96.0%).
Imports of Mixed Condiment, Sause and Seasoning in Myanmar
In 2022, the amount of mixed condiments, sauses and seasonings imported into Myanmar fell to 16K tons, declining by -2.1% compared with 2021. Over the period under review, imports saw a noticeable decline. The smallest decline of -0.9% was in 2020.
In value terms, mixed condiment, sause and seasoning imports shrank notably to $20M in 2022. Overall, imports saw a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 3.5%.
| Import of Mixed Condiment, Sause and Seasoning in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 21.1 | 21.7 | 22.7 | 19.0 | -3.4% |
| South Korea | 0.7 | 0.7 | 0.7 | 0.6 | -5.0% |
| Others | 2.3 | 2.5 | 1.8 | 0.7 | -32.7% |
| Total | 24.1 | 24.9 | 25.1 | 20.3 | -5.6% |
Top Suppliers of Mixed Condiment, Sause and Seasoning to Myanmar in 2022:
- Thailand (15.1K tons)
- South Korea (0.3K tons)
Exports of Mixed Condiment, Sause and Seasoning in Myanmar
In 2022, exports of mixed condiments, sauses and seasonings from Myanmar soared to 4K tons, jumping by 48% compared with 2021. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 106% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, mixed condiment, sause and seasoning exports skyrocketed to $8.2M in 2022. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 130% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Mixed Condiment, Sause and Seasoning in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1.2 | 2.5 | 4.1 | 7.8 | 86.6% |
| Malaysia | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Others | 0.2 | 0.7 | 1.0 | 0.2 | 0.0% |
| Total | 1.4 | 3.3 | 5.3 | 8.2 | 80.3% |
Top Export Markets for Mixed Condiment, Sause and Seasoning from Myanmar in 2022:
- Thailand (3.7K tons)
- Malaysia (0.2K tons)
This report provides an in-depth analysis of the market for mixed condiment, sause and seasoning in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10841270 - Sauces and preparations therefor, mixed condiments and mixed seasonings (excluding soya sauce, tomato ketchup, o ther tomato sauces, mustard flour or meal and prepared mustard)
Country coverage:
- Myanmar
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Myanmar
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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