Myanmar: Potato Market Overview 2021

Potato Market Size in Myanmar

The Myanmar's potato market fell rapidly to $X in 2019, declining by -X% against the previous year. Over the period under review, the total consumption indicated perceptible growth from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2016 indices. The growth pace was 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 2019, the growth of the market failed to regain the momentum.

Potato Production in Myanmar

In value terms, potato production reduced sharply to $X in 2019 estimated in export prices. Over the period under review, production enjoyed prominent growth. The pace of growth appeared the most rapid in 2012 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2013 to 2019, production growth remained at a somewhat lower figure.

In 2019, the average yield of potatoes in Myanmar amounted to X tonnes per ha, approximately equating the previous year. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the yield increased by X% against the previous year. Over the period under review, the average potato yield attained the peak level in 2019 and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of potatoes were harvested in Myanmar; approximately reflecting 2018. Over the period under review, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to potato production attained the peak figure at X ha in 2010; however, from 2011 to 2019, the harvested area remained at a lower figure.

Potato Exports

Exports from Myanmar

In 2019, approx. X tonnes of potatoes were exported from Myanmar; which is down by -X% against the previous year's figure. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

In value terms, potato exports dropped markedly to $X in 2019. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. As a result, exports reached the peak of $X. From 2017 to 2019, the growth exports remained at a lower figure.

Exports by Country

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

From 2007 to 2019, 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 2019, the average annual growth rate of value to Thailand amounted to +X%.

Export Prices by Country

The average potato export price stood at $X per tonne in 2019, which is down by -X% against the previous year. In general, the export price, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2009 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

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

From 2007 to 2019, the rate of growth in terms of prices for Thailand amounted to +X% per year.

Potato Imports

Imports into Myanmar

In 2019, overseas purchases of potatoes were finally on the rise to reach X tonnes after three years of decline. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Imports peaked in 2019 and are likely to continue growth in the near future.

In value terms, potato imports surged to $X in 2019. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Imports peaked in 2019 and are likely to continue growth in the immediate term.

Imports by Country

In 2019, India (X tonnes) constituted the largest supplier of potato to Myanmar, with a X% share of total imports. Moreover, potato imports from India exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), threefold.

From 2007 to 2019, the average annual growth rate of volume from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and the U.S. (+X% per year).

In value terms, India ($X), the Netherlands ($X) and the U.S. ($X) constituted the largest potato suppliers to Myanmar, with a combined X% share of total imports.

India (+X% per year) recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average potato import price amounted to $X per tonne, falling by -X% against the previous year. In general, the import price, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2009 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2011; however, from 2012 to 2019, import prices stood 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 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI 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 2019 were China (93M tonnes), India (51M tonnes) and Ukraine (23M tonnes), together accounting for 44% of global consumption. These countries were followed by Russia, the U.S., Bangladesh, Germany, Poland and Canada, which together accounted for a further 20%.

What are the largest producers of potatoes in the world?

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The countries with the highest volumes of potato production in 2019 were China (93M tonnes), India (51M tonnes) and Ukraine (23M tonnes), with a combined 44% share of global production. These countries were followed by Russia, the U.S., Bangladesh, Germany, France, Poland, the Netherlands, Canada and Belarus, which together accounted for a further 25%.

What are the leading suppliers of potatoes to Myanmar?

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In value terms, India ($346K), the Netherlands ($183K) and the U.S. ($137K) were the largest potato suppliers to Myanmar, with a combined 99% share of total imports.

What are the leading importers of potatoes from Myanmar?

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In value terms, Thailand ($493K) remains the key foreign market for potato exports from Myanmar.

What is the average export price for potatoes in Myanmar?

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The average potato export price stood at $393 per tonne in 2019, dropping by -26.6% against the previous year.

What is the average import price for potatoes in Myanmar?

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In 2019, the average potato import price amounted to $463 per tonne, falling by -37.2% against the previous year.