Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Myanmar - 2022
Contents:
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Myanmar (FOB) - 2022
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Myanmar (CIF) - 2022
- Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Myanmar
- Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Myanmar
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Myanmar (FOB) - 2022
In 2022, the average export price for vegetables; potatoes (other than seed), fresh or chilleds amounted to $900 per ton, rising by 33% against the previous year. Over the period under review, the export price showed a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +25.9% per year.
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Myanmar (CIF) - 2022
The average import price for vegetables; potatoes (other than seed), fresh or chilleds stood at $532 per ton in 2022, picking up by 8.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2018 when the average import price increased by 29% against the previous year. As a result, import price reached the peak level of $616 per ton. From 2019 to 2022, the average 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 Netherlands ($2,106 per ton), while the price for China ($493 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Myanmar
In 2022, exports of vegetables; potatoes (other than seed), fresh or chilleds from Myanmar contracted sharply to 1.8 tons, waning by -99.6% against the year before. In general, exports faced a sharp slump. The smallest decline of -0.7% was in 2021.
In value terms, exports of vegetables; potatoes (other than seed), fresh or chilleds reduced markedly to $1.6K in 2022. Overall, exports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year.
| Export of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | N/A | 1.6 | 0% |
| China | 12.2 | 5.0 | 0.3 | N/A | -84.3% |
| Thailand | 480 | 206 | 283 | N/A | -23.2% |
| Others | 0.9 | 25.5 | N/A | N/A | 2733.3% |
| Total | 493 | 236 | 284 | 1.6 | -85.2% |
Top Export Markets for Vegetables; Potatoes (Other than Seed), Fresh or Chilled from Myanmar in 2022:
- Australia (1.8 tons)
Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Myanmar
After three years of growth, supplies from abroad of vegetables; potatoes (other than seed), fresh or chilleds decreased by -3.9% to 59 tons in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 94% against the previous year.
In value terms, imports of vegetables; potatoes (other than seed), fresh or chilleds expanded modestly to $31K in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +19.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 55% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.3 | 11.4 | 26.6 | 27.4 | 102.5% |
| Thailand | 0.1 | 3.7 | 1.2 | 1.7 | 157.1% |
| Netherlands | 7.9 | 7.5 | 1.4 | 1.2 | -46.6% |
| United States | 2.3 | 2.2 | 0.4 | 0.4 | -44.2% |
| Malaysia | 2.1 | 2.0 | 0.4 | 0.3 | -47.7% |
| Others | 2.8 | 2.1 | N/A | 0.3 | -52.5% |
| Total | 18.6 | 28.8 | 30.0 | 31.3 | 18.9% |
Top Suppliers of Vegetables; Potatoes (Other than Seed), Fresh or Chilled to Myanmar in 2022:
- China (55.5 tons)
- Thailand (1.7 tons)
- Netherlands (0.6 tons)
- Malaysia (0.5 tons)
- United States (0.3 tons)
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