Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Myanmar - 2022

Contents:

  1. Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Myanmar (CIF) - 2022
  2. Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Myanmar (FOB) - 2022
  3. Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in Myanmar
  4. Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in Myanmar

Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Myanmar (CIF) - 2022

In 2022, the average import price for seed; vegetable seed, of a kind used for sowings amounted to $17,773 per ton, shrinking by -7% against the previous year. Overall, the import price continues to indicate a mild downturn. The growth pace was the most rapid in 2016 when the average import price increased by 103% against the previous year. The import price peaked at $25,504 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($207,976 per ton), while the price for China ($10,116 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+130.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Myanmar (FOB) - 2022

The average export price for seed; vegetable seed, of a kind used for sowings stood at $19,410 per ton in 2022, which is down by -18.6% against the previous year. In general, the export price, however, posted a significant expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 245%. The export price peaked at $23,841 per ton in 2021, and then declined notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($33,673 per ton), while the average price for exports to India ($169 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+34.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in Myanmar

In 2022, imports of seed; vegetable seed, of a kind used for sowings into Myanmar fell to 236 tons, declining by -7.8% against the year before. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 23%.

In value terms, imports of seed; vegetable seed, of a kind used for sowings shrank to $4.2M in 2022. Over the period under review, imports saw a abrupt curtailment. The smallest decline of -7.5% was in 2021.

Import of Seed; Vegetable Seed, of A Kind Used for Sowing in Myanmar (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand3.62.82.22.3-13.9%
India1.41.51.71.1-7.7%
Philippines0.50.50.30.3-15.7%
ChinaN/AN/AN/A0.10%
Others0.60.60.70.4-12.6%
Total6.25.34.94.2-12.2%

Top Suppliers of Seed; Vegetable Seed, of A Kind Used for Sowing to Myanmar in 2022:

  1. Thailand (205.6 tons)
  2. India (18.2 tons)
  3. China (6.7 tons)
  4. Philippines (1.7 tons)

Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in Myanmar

In 2022, shipments abroad of seed; vegetable seed, of a kind used for sowings increased by 48% to 166 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt decrease.

In value terms, exports of seed; vegetable seed, of a kind used for sowings soared to $3.2M in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern.

Export of Seed; Vegetable Seed, of A Kind Used for Sowing in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea7646081,3611,15014.6%
Bangladesh69.3N/A2551,014144.6%
Taiwan (Chinese)1,7741,195559635-29.0%
Thailand29438635.1231-7.7%
Vietnam16595.84311884.4%
India60.0N/AN/A0.8-76.3%
Others10829.030.911.4-52.7%
Total3,2342,3142,6723,229-0.1%

Top Export Markets for Seed; Vegetable Seed, of A Kind Used for Sowing from Myanmar in 2022:

  1. Bangladesh (88.0 tons)
  2. South Korea (34.2 tons)
  3. Taiwan (Chinese) (18.9 tons)
  4. Vietnam (10.6 tons)
  5. Thailand (9.3 tons)
  6. India (4.7 tons)

Source: IndexBox Market Intelligence Platform

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