Myanmar: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2024

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Myanmar

After three years of decline, the Myanmar's market for sunflower-seed or safflower oil, refined, but not chemically modified decreased by X% to less than $X in 2022. Over the period under review, consumption saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the market value decreased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Myanmar

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified rose to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Exports from Myanmar

Exports of sunflower-seed or safflower oil, refined, but not chemically modified from Myanmar reduced sharply to X tons in 2019, with a decrease of X% against the previous year. Over the period under review, exports continue to indicate a precipitous descent. The exports peaked at X tons in 2018, and then shrank sharply in the following year.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified shrank significantly to $X in 2019. In general, exports recorded a significant decrease. Over the period under review, the exports of reached the maximum at $X in 2018, and then declined markedly in the following year.

Exports by Country

China (X tons) was the main destination for exports of sunflower-seed or safflower oil, refined, but not chemically modified from Myanmar, with a approx. X% share of total exports.

From 2018 to 2019, the average annual rate of growth in terms of volume to China amounted to X%.

In value terms, China ($X) also remains the key foreign market for sunflower-seed or safflower oil, refined, but not chemically modified exports from Myanmar.

From 2018 to 2019, the average annual growth rate of value to China totaled X%.

Export Prices by Country

The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per ton in 2019, falling by X% against the previous year. In general, the export price showed a abrupt shrinkage. Over the period under review, the average export prices reached the maximum at $X per ton in 2018, and then fell in the following year.

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

From 2018 to 2019, the rate of growth in terms of prices for China amounted to X% per year.

Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Imports into Myanmar

In 2022, purchases abroad of sunflower-seed or safflower oil, refined, but not chemically modified decreased by X% to X tons, falling for the second year in a row after five years of growth. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified shrank notably to $X in 2022. Overall, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports of attained the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Thailand (X tons), Turkey (X tons) and Ukraine (X tons) were the main suppliers of imports of sunflower-seed or safflower oil, refined, but not chemically modified to Myanmar, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sunflower-seed or safflower oil, refined, but not chemically modified suppliers to Myanmar were Turkey ($X), Thailand ($X) and Ukraine ($X), together comprising X% of total imports. India, Malaysia and Russia lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2022, the average import price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Thailand ($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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