Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Myanmar - 2023
Contents:
- Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Myanmar (CIF) - 2023
- Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Myanmar (FOB) - 2022
- Imports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Myanmar
- Exports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Myanmar
Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Myanmar (CIF) - 2023
The average import price for oil seeds; cotton seeds, seed, whether or not broken stood at $22,050 per ton in September 2023, remaining relatively unchanged against the previous month. In general, the import price posted a moderate expansion. The pace of growth appeared the most rapid in March 2023 an increase of 27% month-to-month. As a result, import price attained the peak level of $28,000 per ton. From April 2023 to September 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for India.
From November 2022 to September 2023, the rate of growth in terms of prices for India amounted to +4.6% per month.
Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Myanmar (FOB) - 2022
In 2022, the average export price for oil seeds; cotton seeds, seed, whether or not broken amounted to $350 per ton, surging by 3.7% against the previous year. In general, the export price, however, continues to indicate a deep contraction. The pace of growth was the most pronounced in 2013 an increase of 12% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,117 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +95.4% per year.
Imports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Myanmar
In 2022, approx. 52 tons of oil seeds; cotton seeds, seed, whether or not broken were imported into Myanmar; with an increase of 349% on the previous year. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 6,690%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of oil seeds; cotton seeds, seed, whether or not broken skyrocketed to $597K in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 9,765% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.7 | 241 | 99.9 | 597 | 504.7% |
| Thailand | 1.8 | 198 | 152 | N/A | 818.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.5 | 439 | 252 | 597 | 410.0% |
Top Suppliers of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken to Myanmar in 2022:
- India (51.9 tons)
Exports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Myanmar
In 2022, overseas shipments of oil seeds; cotton seeds, seed, whether or not broken decreased by -83.5% to 106 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a notable expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,084%. As a result, the exports attained the peak of 1.2K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of oil seeds; cotton seeds, seed, whether or not broken fell sharply to $37K in 2022. In general, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 586% against the previous year. As a result, the exports attained the peak of $398K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 47.9 | 398 | 217 | 37.1 | -8.2% |
| Others | 10.1 | N/A | N/A | N/A | 0% |
| Total | 58.0 | 398 | 217 | 37.1 | -13.8% |
Top Export Markets for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken from Myanmar in 2022:
- China (106.0 tons)
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