Price for Vegetables; Seed Potatoes, Fresh or Chilled in Myanmar - 2023

Contents:

  1. Price for Vegetables; Seed Potatoes, Fresh or Chilled in Myanmar (CIF) - 2022
  2. Price for Vegetables; Seed Potatoes, Fresh or Chilled in Myanmar (FOB) - 2022
  3. Imports of Vegetables; Seed Potatoes, Fresh or Chilled in Myanmar
  4. Exports of Vegetables; Seed Potatoes, Fresh or Chilled in Myanmar

Price for Vegetables; Seed Potatoes, Fresh or Chilled in Myanmar (CIF) - 2022

In 2022, the average import price for vegetables; seed potatoes, fresh or chilleds amounted to $316 per ton, with a decrease of -59.8% against the previous year. Overall, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by 62%. The import price peaked at $831 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, 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 +6.9% per year.

Price for Vegetables; Seed Potatoes, Fresh or Chilled in Myanmar (FOB) - 2022

In 2022, the average export price for vegetables; seed potatoes, fresh or chilleds amounted to $1,125 per ton, picking up by 63% against the previous year. In general, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained 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 Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +6.0% per year.

Imports of Vegetables; Seed Potatoes, Fresh or Chilled in Myanmar

In 2022, purchases abroad of vegetables; seed potatoes, fresh or chilleds was finally on the rise to reach 115 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a dramatic shrinkage.

In value terms, imports of vegetables; seed potatoes, fresh or chilleds fell to $36K in 2022. In general, imports, however, faced a dramatic curtailment.

Import of Vegetables; Seed Potatoes, Fresh or Chilled in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China232N/AN/A36.3-46.1%
Thailand10548.720.6N/A-55.7%
United States15.61.11.9N/A-65.1%
India29.516.09.7N/A-42.7%
Netherlands21649.97.1N/A-81.9%
Others58.2N/AN/AN/A0%
Total65611639.236.3-61.9%

Top Suppliers of Vegetables; Seed Potatoes, Fresh or Chilled to Myanmar in 2022:

  1. China (115.0 tons)

Exports of Vegetables; Seed Potatoes, Fresh or Chilled in Myanmar

In 2022, exports of vegetables; seed potatoes, fresh or chilleds from Myanmar dropped remarkably to 144 kg, declining by -93% compared with the previous year. In general, exports faced a dramatic decrease. The smallest decline of -64.4% was in 2020.

In value terms, exports of vegetables; seed potatoes, fresh or chilleds fell dramatically to $162 in 2022. Overall, exports saw a dramatic shrinkage. The smallest decline of -66.2% was in 2020.

Export of Vegetables; Seed Potatoes, Fresh or Chilled in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand1.60.2N/A0.2-50.0%
China10.94.01.4N/A-64.2%
OthersN/AN/AN/AN/A0%
Total12.54.21.40.2-74.8%

Top Export Markets for Vegetables; Seed Potatoes, Fresh or Chilled from Myanmar in 2022:

  1. Thailand (144.0 kg)

Source: IndexBox Market Intelligence Platform

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