Myanmar: Market for Manufactured Tobacco, Extracts And Essences 2024

Market Size for Manufactured Tobacco, Extracts And Essences in Myanmar

The Myanmar's market for manufactured tobacco, extracts and essences dropped to $X in 2023, flattening at the previous year. In general, consumption, however, recorded a abrupt shrinkage. Manufactured tobacco, extracts and essences consumption peaked at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Production of Manufactured Tobacco, Extracts And Essences in Myanmar

In value terms, manufactured tobacco, extracts and essences production declined to $X in 2023 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Manufactured tobacco, extracts and essences production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Exports of Manufactured Tobacco, Extracts And Essences

Exports from Myanmar

In 2016, approx. X tons of manufactured tobacco, extracts and essences were exported from Myanmar; remaining constant against 2015. Over the period under review, exports saw a relatively flat trend pattern. The exports peaked in 2016 and are likely to continue growth in years to come.

In value terms, manufactured tobacco, extracts and essences exports totaled $X in 2016. In general, exports recorded a strong increase. The smallest decline of X% was in 2013. Over the period under review, the exports attained the peak figure in 2016 and are likely to see steady growth in the near future.

Exports by Country

The Philippines (X tons) was the main destination for manufactured tobacco, extracts and essences exports from Myanmar, accounting for a X% share of total exports. Moreover, manufactured tobacco, extracts and essences exports to the Philippines exceeded the volume sent to the second major destination, Thailand (X kg), more than tenfold.

From 2015 to 2016, the average annual growth rate of volume to the Philippines stood at X%.

In value terms, the Philippines ($X) remains the key foreign market for manufactured tobacco, extracts and essences exports from Myanmar, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

From 2015 to 2016, the average annual growth rate of value to the Philippines totaled X%.

Export Prices by Country

In 2016, the average export price for manufactured tobacco, extracts and essences amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure in 2016 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Thailand stood at $X per ton.

From 2015 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%).

Imports of Manufactured Tobacco, Extracts And Essences

Imports into Myanmar

In 2020, approx. X tons of manufactured tobacco, extracts and essences were imported into Myanmar; shrinking by X% against the previous year. Over the period under review, imports faced a sharp slump. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, manufactured tobacco, extracts and essences imports declined significantly to $X in 2020. Overall, imports showed a dramatic decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The Philippines (X kg), India (X kg) and Malaysia (X kg) were the main suppliers of manufactured tobacco, extracts and essences imports to Myanmar, together accounting for X% of total imports.

From 2012 to 2020, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the Philippines ($X) constituted the largest supplier of manufactured tobacco, extracts and essences to Myanmar, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2020, the average annual growth rate of value from the Philippines stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average import price for manufactured tobacco, extracts and essences stood at $X per ton in 2020, with an increase of X% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2020: its price increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, manufactured tobacco, extracts and essences import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2020, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform