Report Update Apr 1, 2024

Myanmar - Sunflower Oilcake - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Sunflower Oilcake Market 2024

Sunflower Oilcake Market Size in Myanmar

The Myanmar's sunflower oilcake market declined to $X in 2022, reducing by X% against the previous year. Overall, consumption, however, saw tangible growth. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Sunflower Oilcake Production in Myanmar

In value terms, sunflower oilcake production contracted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a tangible expansion. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Sunflower oilcake production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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Sunflower Oilcake Exports

Exports from Myanmar

In 2022, shipments abroad of sunflower oilcake increased by X% to X tons, rising for the seventh year in a row after two years of decline. Over the period under review, exports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, sunflower oilcake exports skyrocketed to $X in 2022. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X tons) and Portugal (X tons) were the main destinations of sunflower oilcake exports from Myanmar. Moreover, sunflower oilcake exports in Spain exceeded the figures recorded by the second-largest exporter, Portugal, twofold.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of X%).

In value terms, Spain ($X) and Portugal ($X) appeared to be the largest markets for sunflower oilcake exported from Myanmar worldwide. Moreover, sunflower oilcake exports in Spain exceeded the figures recorded by the second-largest exporter, Portugal, twofold.

Among the main countries of destination, Portugal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average sunflower oilcake export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sunflower oilcake export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Spain stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sunflower Oilcake Imports

Imports into Myanmar

In 2022, purchases abroad of sunflower oilcake decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, sunflower oilcake imports dropped notably to $X in 2022. Overall, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Ukraine (X tons) was the main supplier of sunflower oilcake to Myanmar, with a approx. X% share of total imports.

From 2013 to 2022, the average annual rate of growth in terms of volume from Ukraine totaled X%.

In value terms, Ukraine ($X) constituted the largest supplier of sunflower oilcake to Myanmar.

From 2013 to 2022, the average annual growth rate of value from Ukraine stood at X%.

Import Prices by Country

In 2022, the average sunflower oilcake import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, import price indicated perceptible growth from 2013 to 2022: its price 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 2022 figures, sunflower oilcake import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Ukraine.

From 2013 to 2022, the rate of growth in terms of prices for Ukraine amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sunflower oilcake in the world?

China constituted the country with the largest volume of sunflower oilcake consumption, accounting for 21% of total volume. Moreover, sunflower oilcake consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of sunflower oilcake in the world?

China remains the largest sunflower oilcake producing country worldwide, accounting for 19% of total volume. Moreover, sunflower oilcake production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was taken by Russia, with a 6.3% share.

What are the leading suppliers of sunflower oilcake to Myanmar?

In value terms, Ukraine constituted the largest supplier of sunflower oilcake to Myanmar.

What are the leading importers of sunflower oilcake from Myanmar?

In value terms, the largest markets for sunflower oilcake exported from Myanmar were Spain and Portugal. Moreover, sunflower oilcake exports in Spain exceeded the figures recorded by the second-largest exporter, Portugal, twofold.

What is the average export price for sunflower oilcake in Myanmar?

In 2022, the average sunflower oilcake export price amounted to $500 per ton, increasing by 24% against the previous year.

What is the average import price for sunflower oilcake in Myanmar?

In 2022, the average sunflower oilcake import price amounted to $384 per ton, surging by 5% against the previous year.

This report provides an in-depth analysis of the sunflower oilcake market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10414150 - Oilcake and other solid residues resulting from the extraction of sunflower seed fats or oils

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023