Myanmar: Root And Tuber Market 2022

Root And Tuber Market Size in Myanmar

In 2021, after four years of decline, there was growth in the Myanmar's root and tuber market, when its value increased by X% to $X. Over the period under review, consumption saw a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Root and tuber consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Root And Tuber Production in Myanmar

In value terms, root and tuber production expanded modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep downturn. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Root and tuber production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

The average yield of roots and tubers in Myanmar dropped modestly to X tons per ha in 2021, flattening at the previous year. Overall, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the yield increased by X% against the previous year. Over the period under review, the average root and tuber yield attained the peak level at X tons per ha in 2015; however, from 2016 to 2021, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of roots and tubers were harvested in Myanmar; flattening at 2020. Over the period under review, the harvested area, however, showed a noticeable setback. Over the period under review, the harvested area dedicated to root and tuber production attained the peak figure at X ha in 2012; however, from 2013 to 2021, the harvested area remained at a lower figure.

Root And Tuber Exports

Exports from Myanmar

For the fourth consecutive year, Myanmar recorded growth in overseas shipments of roots and tubers, which increased by X% to X tons in 2021. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, root and tuber exports soared to $X in 2021. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X tons) was the main destination for root and tuber exports from Myanmar, accounting for a X% share of total exports. Moreover, root and tuber exports to Thailand exceeded the volume sent to the second major destination, China (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Thailand amounted to +X%.

In value terms, Thailand ($X) remains the key foreign market for root and tuber exports from Myanmar, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand amounted to +X%.

Export Prices by Country

The average root and tuber export price stood at $X per ton in 2021, which is down by -X% against the previous year. Over the period under review, the export price showed a abrupt slump. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Thailand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-X%).

Root And Tuber Imports

Imports into Myanmar

Root and tuber imports into Myanmar reduced sharply to X tons in 2021, which is down by -X% on the year before. Over the period under review, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, root and tuber imports shrank remarkably to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X tons) constituted the largest root and tuber supplier to Myanmar, accounting for a X% share of total imports. Moreover, root and tuber imports from Thailand exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. The third position in this ranking was held by Bangladesh (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Bangladesh (-X% per year).

In value terms, Thailand ($X) constituted the largest supplier of root and tuber to Myanmar, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and China (-X% per year).

Import Prices by Country

The average root and tuber import price stood at $X per ton in 2021, waning by -X% against the previous year. In general, the import price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform