Myanmar: Dried Vegetables Market 2024

Dried Vegetables Market Size in Myanmar

The Myanmar's dried vegetables market surged to $X in 2022, jumping by X% against the previous year. Overall, consumption, however, saw a deep contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Dried Vegetables Production in Myanmar

In value terms, dried vegetables production rose rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Dried vegetables production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Dried Vegetables Exports

Exports from Myanmar

In 2022, overseas shipments of dried vegetables and mixtures of vegetables increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, dried vegetables exports surged to $X in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

China (X tons), South Korea (X tons) and Japan (X tons) were the main destinations of dried vegetables exports from Myanmar, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dried vegetables exported from Myanmar were South Korea ($X), China ($X) and Japan ($X), with a combined X% share of total exports.

In terms of the main countries of destination, China, 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

The average dried vegetables export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Dried Vegetables Imports

Imports into Myanmar

In 2022, after four years of growth, there was significant decline in overseas purchases of dried vegetables and mixtures of vegetables, when their volume decreased by X% to X tons. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then plummeted in the following year.

In value terms, dried vegetables imports shrank remarkably to $X in 2022. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then fell markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of dried vegetables to Myanmar, accounting for a X% share of total imports. Moreover, dried vegetables imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X tons), sevenfold. The third position in this ranking was held by Thailand (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of dried vegetables and mixtures of vegetables to Myanmar, comprising X% of total imports. The second position in the ranking was held by the Philippines ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Thailand (X% per year).

Import Prices by Country

The average dried vegetables import price stood at $X per ton in 2022, approximately equating the previous year. Overall, the import price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 China ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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