Myanmar - Whisky - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWhisky Price in Myanmar - 2022
Contents:
- Whisky Price in Myanmar (FOB) - 2022
- Whisky Price in Myanmar (CIF) - 2022
- Whisky Exports in Myanmar
- Whisky Imports in Myanmar
Whisky Price in Myanmar (FOB) - 2022
In 2022, the average whisky export price amounted to $3.1 per litre, growing by 163% against the previous year. In general, the export price, however, saw a abrupt decline. The export price peaked at $11 per litre in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($4 per litre), while the average price for exports to South Korea ($0.5 per litre) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+73.0%), while the prices for the other major destinations experienced mixed trend patterns.
Whisky Price in Myanmar (CIF) - 2022
In 2022, the average whisky import price amounted to $5 per litre, surging by 47% against the previous year. In general, the import price, however, showed a noticeable decline. Over the period under review, average import prices hit record highs at $8.8 per litre in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 United Arab Emirates ($15 per litre), while the price for the United States ($2.7 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.2%), while the prices for the other major suppliers experienced a decline.
Whisky Exports in Myanmar
In 2022, overseas shipments of whisky decreased by -89.4% to 632K litres for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 240%. As a result, the exports attained the peak of 5.9M litres, and then declined markedly in the following year.
In value terms, whisky exports dropped remarkably to $2M in 2022. Over the period under review, exports saw a precipitous decrease. The growth pace was the most rapid in 2021 when exports increased by 58%. As a result, the exports reached the peak of $7M, and then shrank notably in the following year.
| Export of Whisky in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 7.9 | 2,148 | 5,510 | 1,878 | 519.5% |
| South Korea | N/A | 25.6 | N/A | 24.0 | -3.2% |
| United Arab Emirates | N/A | N/A | 6.2 | 19.2 | 209.7% |
| Ghana | 26.7 | 12.1 | 7.4 | 15.4 | -16.8% |
| Cote d'Ivoire | 17.9 | N/A | 19.2 | 15.4 | -4.9% |
| Swaziland | 32.3 | 151 | 202 | 10.8 | -30.6% |
| Nigeria | 418 | 839 | 809 | N/A | 39.1% |
| Others | 3,670 | 1,269 | 465 | N/A | -64.4% |
| Total | 4,173 | 4,445 | 7,019 | 1,962 | -22.2% |
Top Export Markets for Whisky from Myanmar in 2022:
- Thailand (472.4K litres)
- South Korea (47.4K litres)
- Ghana (30.3K litres)
- United Arab Emirates (30.3K litres)
- Cote d'Ivoire (30.3K litres)
- Swaziland (21.3K litres)
Whisky Imports in Myanmar
In 2022, imports of whisky into Myanmar contracted notably to 847K litres, shrinking by -40% compared with 2021 figures. Over the period under review, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 1.3%. Imports peaked at 1.5M litres in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, whisky imports declined to $4.2M in 2022. Overall, imports continue to indicate a deep setback. The smallest decline of -2.2% was in 2021. Imports peaked at $6.4M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Whisky in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 3,749 | 1,735 | 1,398 | 3,081 | -6.3% |
| United States | 733 | 498 | N/A | 552 | -9.0% |
| United Arab Emirates | 24.2 | 20.5 | 4.3 | 384 | 151.3% |
| Thailand | N/A | N/A | 46.6 | 103 | 121.0% |
| Singapore | N/A | 1,613 | 2,131 | 72.7 | -78.8% |
| China | 573 | 105 | N/A | 33.3 | -61.3% |
| Somalia | N/A | 349 | N/A | N/A | 0% |
| France | 1,072 | 498 | N/A | N/A | -53.5% |
| Seychelles | 212 | 47.0 | 308 | N/A | 20.5% |
| Sao Tome and Principe | N/A | N/A | 397 | N/A | 0% |
| Ukraine | N/A | N/A | 409 | N/A | 0% |
| Others | 74.2 | 38.7 | 103 | 0.3 | -84.1% |
| Total | 6,437 | 4,905 | 4,797 | 4,227 | -13.1% |
Top Suppliers of Whisky to Myanmar in 2022:
- United Kingdom (557.6K litres)
- United States (207.5K litres)
- Thailand (33.7K litres)
- United Arab Emirates (25.2K litres)
- Singapore (20.1K litres)
- China (2.7K litres)
This report provides an in-depth analysis of the whisky 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 11011030 - Whisky (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
-
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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