Myanmar - Rum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRum Price in Myanmar - 2022
Contents:
- Rum Price in Myanmar (FOB) - 2022
- Rum Price in Myanmar (CIF) - 2022
- Rum Exports in Myanmar
- Rum Imports in Myanmar
Rum Price in Myanmar (FOB) - 2022
In 2022, the average rum export price amounted to $1.7 per litre, with a decrease of -37.4% against the previous year. Overall, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 113% against the previous year. The export price peaked at $5.3 per litre in 2013; however, from 2014 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 India.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +4.8% per year.
Rum Price in Myanmar (CIF) - 2022
The average rum import price stood at $4.1 per litre in 2022, reducing by -3.1% against the previous year. Over the period under review, the import price continues to indicate a slight decline. The pace of growth appeared the most rapid in 2013 an increase of 84%. The import price peaked at $11 per litre in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to -1.8% per year.
Rum Exports in Myanmar
For the third year in a row, Myanmar recorded decline in shipments abroad of rum, which decreased by -76.1% to 7.6K litres in 2022. In general, exports faced a significant decrease. The smallest decline of -23.6% was in 2021. Over the period under review, the exports reached the maximum at 330K litres in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, rum exports contracted dramatically to $13K in 2022. Overall, exports showed a dramatic decline. The smallest decline of -40.6% was in 2021. The exports peaked at $555K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Rum in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 123 | 108 | 59.4 | 13.2 | -52.5% |
| China | 427 | 20.0 | 19.3 | N/A | -78.7% |
| Others | 5.6 | 21.9 | 9.9 | N/A | 33.0% |
| Total | 555 | 149 | 88.7 | 13.2 | -71.2% |
Top Export Markets for Rum from Myanmar in 2022:
- India (7.6K litres)
Rum Imports in Myanmar
In 2022, overseas purchases of rum decreased by -98.8% to 1.7K litres, falling for the second consecutive year after two years of growth. Overall, imports saw a sharp decline. The growth pace was the most rapid in 2020 when imports increased by 1.2% against the previous year. As a result, imports attained the peak of 154K litres. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, rum imports reduced dramatically to $6.9K in 2022. In general, imports continue to indicate a precipitous contraction. The smallest decline of -20.4% was in 2020. Imports peaked at $924K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Rum in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 68.0 | 9.7 | 14.1 | 6.9 | -53.4% |
| Thailand | 854 | 724 | 551 | N/A | -19.7% |
| Others | 2.1 | 2.0 | 2.7 | N/A | 13.4% |
| Total | 924 | 736 | 568 | 6.9 | -80.5% |
Top Suppliers of Rum to Myanmar in 2022:
- Singapore (1.7K litres)
This report provides an in-depth analysis of the rum market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 11011040 - Rum and other spirits obtained by distilling fermented sugarcane products (important: excluding alcohol duty)
Country coverage:
- Myanmar
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Myanmar
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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