Myanmar: Coconut Market 2022

Coconut Market Size in Myanmar

In 2021, the Myanmar's coconut market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2019 when the market value increased by X%. Coconut consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Coconut Production in Myanmar

In value terms, coconut production contracted slightly to $X in 2021 estimated in export price. Overall, production faced a drastic downturn. The growth pace was the most rapid in 2019 when the production volume increased by X%. Coconut production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

The average yield of coconuts in Myanmar shrank modestly to X tons per ha in 2021, stabilizing at 2020. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. The coconut yield peaked at X tons per ha in 2019; however, from 2020 to 2021, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of coconuts production in Myanmar amounted to X ha, remaining constant against the year before. In general, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to coconut production attained the maximum in 2021 and is likely to see gradual growth in the near future.

Coconut Exports

Exports from Myanmar

For the third year in a row, Myanmar recorded growth in overseas shipments of coconuts, which increased by X% to X tons in 2021. In general, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, coconut exports reduced modestly to $X in 2021. Over the period under review, exports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for coconut exports from Myanmar, accounting for a X% share of total exports. Moreover, coconut exports to India exceeded the volume sent to the second major destination, Thailand (X tons), twofold. The third position in this ranking was taken by Singapore (X tons), with an X% share.

From 2012 to 2021, the average annual growth rate of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+X% per year) and Singapore (+X% per year).

In value terms, Thailand ($X), India ($X) and Singapore ($X) constituted the largest markets for coconut exported from Myanmar worldwide, with a combined X% share of total exports. Bangladesh and the United States lagged somewhat behind, together comprising a further X the main countries of destination, the United States, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average coconut export price amounted to $X per ton, waning by -X% against the previous year. Overall, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2018 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced a decline.

Coconut Imports

Imports into Myanmar

In 2021, imports of coconuts into Myanmar dropped notably to X tons, shrinking by -X% compared with 2020. Over the period under review, imports, however, enjoyed a mild expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, coconut imports shrank markedly to $X in 2021. Overall, imports saw a slight setback. The pace of growth was the most pronounced in 2016 when imports increased by X%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth imports failed to regain momentum.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of coconut to Myanmar, with a X% share of total imports. Moreover, coconut imports from Indonesia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from Indonesia totaled +X%.

In value terms, the largest coconut suppliers to Myanmar were Indonesia ($X) and Thailand ($X, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average coconut import price stood at $X per ton in 2021, dropping by -X% against the previous year. Over the period under review, the import price showed a perceptible reduction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per ton), while the price for Indonesia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%).

Source: IndexBox Platform