Myanmar: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Myanmar

The Myanmar's market for candies, sweets, and nonchocolate confectionery was estimated at $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, saw a drastic downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Candies, Sweets, and Nonchocolate Confectionery in Myanmar

In value terms, candy, sweets, and nonchocolate confectionery production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Candy, sweets, and nonchocolate confectionery production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Myanmar

In 2022, shipments abroad of candies, sweets, and nonchocolate confectionery decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a dramatic contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, candy, sweets, and nonchocolate confectionery exports dropped sharply to $X in 2022. Overall, exports faced a sharp decrease. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for candy, sweets, and nonchocolate confectionery exports from Myanmar, with a X% share of total exports. Moreover, candy, sweets, and nonchocolate confectionery exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Thailand (X% per year).

In value terms, the largest markets for candy, sweets, and nonchocolate confectionery exported from Myanmar were China ($X), Thailand ($X) and Malaysia ($X).

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

Export Prices by Country

In 2022, the average export price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a drastic downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to China ($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 Bangladesh (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Myanmar

In 2022, purchases abroad of candies, sweets, and nonchocolate confectionery decreased by X% to X tons, falling for the third year in a row after eight years of growth. In general, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, candy, sweets, and nonchocolate confectionery imports fell to $X in 2022. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of candy, sweets, and nonchocolate confectionery to Myanmar, accounting for a X% share of total imports. Moreover, candy, sweets, and nonchocolate confectionery imports from Thailand exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Thailand ($X), Vietnam ($X) and Indonesia ($X) were the largest candy, sweets, and nonchocolate confectionery suppliers to Myanmar, together comprising X% of total imports. Malaysia, India, China and the Philippines lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 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 ($X per ton), while the price for India ($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 more modest paces of growth.

Source: IndexBox Platform

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