Myanmar: Bread And Bakery Market 2024

Bread And Bakery Market Size in Myanmar

The Myanmar's bread and bakery market skyrocketed to $X in 2023, jumping by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. Bread and bakery consumption peaked at $X in 2013; afterwards, it flattened through to 2023.

Bread And Bakery Production in Myanmar

In value terms, bread and bakery production rose rapidly to $X in 2023 estimated in export price. Over the period under review, production, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Bread And Bakery Exports

Exports from Myanmar

In 2023, shipments abroad of bread and bakery decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, bread and bakery exports declined remarkably to $X in 2023. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

India (X tons), China (X tons) and Malaysia (X tons) were the main destinations of bread and bakery exports from Myanmar, together accounting for X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Malaysia ($X) appeared to be the largest markets for bread and bakery exported from Myanmar worldwide, with a combined X% share of total exports.

China, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bread and bakery export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a deep slump. The export price peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.

Bread And Bakery Imports

Imports into Myanmar

For the third consecutive year, Myanmar recorded decline in supplies from abroad of bread and bakery, which decreased by X% to X tons in 2023. Overall, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, bread and bakery imports fell significantly to $X in 2023. Over the period under review, imports, however, posted significant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Thailand (X tons) constituted the largest supplier of bread and bakery to Myanmar, accounting for a X% share of total imports. Moreover, bread and bakery imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Malaysia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Thailand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Malaysia (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of bread and bakery to Myanmar, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2023, the average bread and bakery import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable reduction. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform