Myanmar: Banana And Plantain Market 2025

Banana And Plantain Market Size in Myanmar

For the third consecutive year, the Myanmar's banana and plantain market recorded growth in sales value, which increased by 9.2% to $X in 2022. In general, consumption continues to indicate a prominent increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Banana And Plantain Production in Myanmar

In value terms, banana and plantain production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 174%. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

In 2022, the average banana and plantain yield in Myanmar declined to X tons per ha, which is down by -1.5% on 2021 figures. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the yield increased by 4.8% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the average banana and plantain 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 2022, the total area harvested in terms of bananas and plantains production in Myanmar reduced slightly to X ha, stabilizing at the previous year. Over the period under review, the total harvested area indicated a noticeable increase from 2012 to 2022: its figure increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, banana and plantain harvested area increased by +48.4% against 2012 indices. The pace of growth appeared the most rapid in 2018 with an increase of 13%. The banana and plantain harvested area peaked at X ha in 2021, and then declined slightly in the following year.

Banana And Plantain Exports

Exports from Myanmar

In 2022, shipments abroad of bananas and plantains decreased by -56.1% to X tons, falling for the third year in a row after seven years of growth. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 552%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, banana and plantain exports fell sharply to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 246% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for banana and plantain exports from Myanmar, with a approx. 99% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to China amounted to +47.5%.

In value terms, China ($X) also remains the key foreign market for bananas and plantains exports from Myanmar.

From 2013 to 2022, the average annual rate of growth in terms of value to China amounted to +55.1%.

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, surging by 7.7% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 66% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for China amounted to +5.2% per year.

Banana And Plantain Imports

Imports into Myanmar

After four years of growth, supplies from abroad of bananas and plantains decreased by -71% to X tons in 2022. Overall, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 141% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped remarkably in the following year.

In value terms, banana and plantain imports fell sharply to $X in 2022. In general, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2019 when imports increased by 169%. Imports peaked at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

In 2022, China (X tons) was the main banana and plantain supplier to Myanmar, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of bananas and plantains to Myanmar.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest.

Import Prices by Country

In 2022, the average banana and plantain import price amounted to $X per ton, rising by 120% against the previous year. Over the period under review, the import price, however, saw a slight curtailment. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to -1.4% per year.

Source: IndexBox Platform

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