Myanmar: Root And Tuber Market 2024

Root And Tuber Market Size in Myanmar

The Myanmar's root and tuber market reduced slightly to $X in 2022, almost unchanged from the previous year. In general, consumption recorded a perceptible decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Root and tuber consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Root And Tuber Production in Myanmar

In value terms, root and tuber production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Root and tuber production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The average yield of roots and tubers in Myanmar dropped to X tons per ha in 2022, almost unchanged from the previous year's figure. In general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by X%. The root and tuber yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of roots and tubers were harvested in Myanmar; approximately equating 2021 figures. Overall, the harvested area, however, continues to indicate a pronounced downturn. Over the period under review, the harvested area dedicated to root and tuber production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

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Root And Tuber Exports

Exports from Myanmar

In 2022, overseas shipments of roots and tubers increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, root and tuber exports reached $X in 2022. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2013; afterwards, it flattened through to 2022.

Exports by Country

Thailand (X tons), China (X tons) and Bangladesh (X tons) were the main destinations of root and tuber exports from Myanmar, with a combined X% share of total exports.

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

In value terms, China ($X), Thailand ($X) and Bangladesh ($X) were the largest markets for root and tuber exported from Myanmar worldwide, together accounting for X% of total exports.

Among the main countries of destination, Bangladesh, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average root and tuber export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 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 South Korea ($X per ton), while the average price for exports to Bangladesh ($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 Indonesia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Root And Tuber Imports

Imports into Myanmar

In 2022, approx. X tons of roots and tubers were imported into Myanmar; declining by X% on 2021. Overall, imports saw a abrupt decrease. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, root and tuber imports shrank notably to $X in 2022. Over the period under review, imports showed a dramatic contraction. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped significantly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of root and tuber to Myanmar, with a X% share of total imports. Moreover, root and tuber imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fivefold. The United States (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 China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and the United States (X% per year).

In value terms, China ($X), the United States ($X) and Vietnam ($X) appeared to be the largest root and tuber suppliers to Myanmar, with a combined X% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average root and tuber import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price recorded a noticeable descent. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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