Myanmar: Starch Manufacture Residues Market 2022

Starch Manufacture Residues Market Size in Myanmar

In 2021, the Myanmar's starch manufacture residues market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2018 indices. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Starch Manufacture Residues Production in Myanmar

In value terms, starch manufacture residues production declined modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by +X% against 2019 indices. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Starch Manufacture Residues Exports

Exports from Myanmar

Starch manufacture residues exports from Myanmar was estimated at less than X kg in 2021, remaining stable against the year before. In general, exports recorded a relatively flat trend pattern. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, starch manufacture residues exports totaled less than $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for starch manufacture residues exports from Myanmar, accounting for a approx. X% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to China was relatively modest.

From 2012 to 2019, the average annual rate of growth in terms of value to China was relatively modest.

Export Prices by Country

The average starch manufacture residues export price stood at $X per ton in 2019, approximately mirroring the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum in 2019 and is expected to retain growth in the immediate term.

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

From 2012 to 2019, the rate of growth in terms of prices for China amounted to X% per year.

Starch Manufacture Residues Imports

Imports into Myanmar

In 2021, overseas purchases of residues of starch manufacture increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports saw notable growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, starch manufacture residues imports surged to $X in 2021. Over the period under review, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest starch manufacture residues supplier to Myanmar, accounting for a X% share of total imports. Moreover, starch manufacture residues imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +X%.

In value terms, the largest starch manufacture residues suppliers to Myanmar were the United States ($X) and China ($X United States, 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.

Import Prices by Country

In 2021, the average starch manufacture residues import price amounted to $X per ton, falling by -X% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%).

Source: IndexBox Market Intelligence Platform

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