Price for Pectic Substances; Pectinates and Pectates in Myanmar - 2022

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Myanmar (CIF) - 2022
2. Imports of Pectic Substances; Pectinates and Pectates in Myanmar

Price for Pectic Substances; Pectinates and Pectates in Myanmar (CIF) - 2022

The average import price for pectic substances; pectinates and pectateses stood at $13,521 per ton in 2022, falling by -15.5% against the previous year. Over the period under review, the import price, however, continues to indicate a mild increase. The most prominent rate of growth was recorded in 2016 an increase of 379%. Over the period under review, average import prices hit record highs at $16,072 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($17,001 per ton) and Thailand ($15,600 per ton), while the price for Spain ($11,393 per ton) and Mexico ($12,506 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Pectic Substances; Pectinates and Pectates in Myanmar

Pectic substances; pectinates and pectates imports into Myanmar surged to 25 tons in 2022, increasing by 74% against the previous year. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pectic substances; pectinates and pectates imports soared to $336K in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Myanmar in 2022:

1. Mexico (17.5 tons)
2. Germany (3.2 tons)
3. Brazil (2.0 tons)
4. Thailand (1.8 tons)
5. Spain (0.3 tons)

Source: IndexBox Market Intelligence Platform