Report Update Nov 1, 2024

Myanmar - Animal and Pet Feed - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Animal Feed Market 2024

Animal Feed Market Size in Myanmar

The Myanmar's animal feed market was estimated at $X in 2022, remaining constant against the previous year. In general, consumption enjoyed measured growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Animal Feed Production in Myanmar

In value terms, animal feed production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 45%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Animal Feed Exports

Exports from Myanmar

In 2022, after three years of decline, there was significant decline in shipments abroad of animal and pet feed, when their volume decreased by -50% to X tons. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 1,083% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then contracted rapidly in the following year.

In value terms, animal feed exports reduced notably to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2018 when exports increased by 946% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Malaysia (X tons) was the main destination for animal feed exports from Myanmar, with a 85% share of total exports. Moreover, animal feed exports to Malaysia exceeded the volume sent to the second major destination, Vietnam (X tons), sixfold.

From 2017 to 2022, the average annual growth rate of volume to Malaysia totaled +112.1%.

In value terms, Malaysia ($X) remains the key foreign market for animal and pet feed exports from Myanmar, comprising 81% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 15% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of value to Malaysia totaled +163.5%.

Export Prices by Country

The average animal feed export price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 18%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Malaysia totaled $X per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+24.3%), while the prices for the other major destinations experienced a decline.

Animal Feed Imports

Imports into Myanmar

In 2022, the amount of animal and pet feed imported into Myanmar contracted remarkably to X tons, dropping by -34.4% compared with the year before. Over the period under review, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 709%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, animal feed imports reduced rapidly to $X in 2022. In general, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2015 when imports increased by 337%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X tons), Thailand (X tons) and China (X tons) were the main suppliers of animal feed imports to Myanmar, together accounting for 68% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +91.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), China ($X) and Italy ($X) constituted the largest animal feed suppliers to Myanmar, with a combined 68% share of total imports.

China, with a CAGR of +65.3%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average animal feed import price amounted to $X per ton, picking up by 19% against the previous year. In general, the import price, however, saw a noticeable curtailment. The growth pace was the most rapid in 2021 an increase of 80%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-5.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for animal and pet feed in the world?

China remains the largest animal feed consuming country worldwide, comprising approx. 15% of total volume. Moreover, animal feed consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. Japan ranked third in terms of total consumption with a 4.5% share.

What are the largest producers of animal and pet feed in the world?

The country with the largest volume of animal feed production was China, accounting for 16% of total volume. Moreover, animal feed production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Japan, with a 4.5% share.

What are the leading suppliers of animal and pet feed to Myanmar?

In value terms, Thailand, Vietnam and China constituted the largest animal feed suppliers to Myanmar, together accounting for 55% of total imports. These countries were followed by Brazil, Ukraine, the Netherlands, India, Taiwan Chinese), Bolivia, Romania, Argentina and Italy, which together accounted for a further 26%.

What are the leading importers of animal and pet feed from Myanmar?

In value terms, the largest markets for animal feed exported from Myanmar were South Korea, Malaysia and Vietnam, with a combined 99% share of total exports.

What is the average export price for animal and pet feed in Myanmar?

The average animal feed export price stood at $386 per ton in 2021, growing by 8.8% against the previous year.

What is the average import price for animal and pet feed in Myanmar?

The average animal feed import price stood at $550 per ton in 2021, rising by 6.7% against the previous year.

This report provides an in-depth analysis of the animal feed 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 10911010 - Premixtures for farm animal feeds
Prodcom 10911033 - Preparations used for farm animal feeding (excluding premixtures): pigs
Prodcom 10911035 - Preparations used for farm animal feeding (excluding premixtures): cattle
Prodcom 10911037 - Preparations used for farm animal feeding (excluding premixtures): poultry
Prodcom 10921060 - Preparations used for feeding pets (excluding preparations for cats or dogs, p.r.s.)

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