Myanmar: Potato Market Overview 2021

Potato Market Size in Myanmar

The Myanmar's potato market rose markedly to $X in 2020, increasing by X% against the previous year. In general, the total consumption indicated a tangible increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2012 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2013 to 2020, the growth of the market failed to regain the momentum.

Potato Production in Myanmar

In value terms, potato production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, production showed a buoyant increase. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. As a result, production attained the peak level of $X. from 2013 to 2020, production growth remained at a lower figure.

The average yield of potatoes in Myanmar amounted to X tonnes per ha in 2020, therefore, remained relatively stable against the previous year's figure. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the yield increased by X% y-o-y. The potato yield peaked in 2020 and is likely to see steady growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The potato harvested area in Myanmar shrank to X ha in 2020, flattening at the previous year. Over the period under review, the harvested area showed a mild downturn. The growth pace was the most rapid in 2008 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to potato production attained the maximum at X ha in 2010; however, from 2011 to 2020, the harvested area stood at a somewhat lower figure.

Potato Exports

Exports from Myanmar

In 2020, the amount of potatoes exported from Myanmar reduced notably to X tonnes, shrinking by -X% against 2019. Over the period under review, exports, however, recorded strong growth. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at X tonnes in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, potato exports declined markedly to $X in 2020. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. As a result, exports attained the peak of $X. from 2017 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Thailand (X tonnes) was the main destination for potato exports from Myanmar, with a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Thailand stood at +X%.

In value terms, Thailand ($X) also remains the key foreign market for potato exports from Myanmar.

From 2007 to 2020, the average annual growth rate of value to Thailand stood at +X%.

Export Prices by Country

The average potato export price stood at $X per tonne in 2020, dropping by -X% against the previous year. In general, the export price, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2012 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2019, and then dropped sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2007 to 2020, the rate of growth in terms of prices for Thailand amounted to +X% per year.

Potato Imports

Imports into Myanmar

In 2020, the amount of potatoes imported into Myanmar dropped significantly to X tonnes, waning by -X% on the previous year's figure. In general, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes, and then contracted markedly in the following year.

In value terms, potato imports dropped rapidly to $X in 2020. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% year-to-year. As a result, imports attained the peak of $X, and then fell notably in the following year.

Imports by Country

In 2020, the Netherlands (X tonnes) constituted the largest potato supplier to Myanmar, with a X% share of total imports. Moreover, potato imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Thailand (X tonnes), twofold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the Netherlands totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and the U.S. (-X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of potato to Myanmar, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual growth rate of value from the Netherlands totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and the U.S. (-X% per year).

Import Prices by Country

In 2020, the average potato import price amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, the import price posted a buoyant expansion. The growth pace was the most rapid in 2010 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. from 2011 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while the price for India ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potatoes in the world?

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The countries with the highest volumes of potato consumption in 2020 were China (94M tonnes), India (52M tonnes) and Russia (22M tonnes), with a combined 44% share of global consumption. These countries were followed by Ukraine, the U.S., Bangladesh, Germany, the Netherlands, France, Poland, Belgium and Belarus, which together accounted for a further 24%.

What are the largest producers of potatoes in the world?

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The countries with the highest volumes of potato production in 2020 were China (95M tonnes), India (53M tonnes) and Russia (22M tonnes), together accounting for 45% of global production. These countries were followed by Ukraine, the U.S., Germany, Bangladesh, France, the Netherlands, Poland and Belarus, which together accounted for a further 23%.

What are the leading suppliers of potatoes to Myanmar?

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In value terms, the Netherlands ($112K) constituted the largest supplier of potato to Myanmar, comprising 77% of total imports. The second position in the ranking was occupied by Thailand ($29K), with a 20% share of total imports. It was followed by the U.S., with a 1.7% share.

What are the leading importers of potatoes from Myanmar?

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In value terms, Thailand ($259K) remains the key foreign market for potato exports from Myanmar.

What is the average export price for potatoes in Myanmar?

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In 2020, the average potato export price amounted to $561 per tonne, with a decrease of -21.7% against the previous year.

What is the average import price for potatoes in Myanmar?

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The average potato import price stood at $647 per tonne in 2020, with an increase of 27% against the previous year.