Myanmar: Biological Product Market 2025

Biological Product Market Size in Myanmar

The Myanmar's biological product market contracted rapidly to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a pronounced setback. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Biological Product Production in Myanmar

In value terms, biological product production fell to $X in 2022 estimated in export price. In general, production saw a noticeable decrease. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Biological Product Exports

Exports from Myanmar

In 2022, the amount of biological products exported from Myanmar dropped markedly to X kg, shrinking by X% compared with the previous year. Overall, exports saw a deep downturn. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X kg. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, biological product exports dropped significantly to $X in 2022. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand (X kg) was the main destination for biological product exports from Myanmar, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand amounted to X%.

In value terms, Thailand ($X) also remains the key foreign market for biological products exports from Myanmar.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand totaled X%.

Export Prices by Country

The average biological product export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price saw a deep slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Biological Product Imports

Imports into Myanmar

In 2022, biological product imports into Myanmar contracted rapidly to X tons, reducing by X% on 2021. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then plummeted in the following year.

In value terms, biological product imports declined remarkably to $X in 2022. In general, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

Thailand (X tons), South Korea (X tons) and China (X tons) were the main suppliers of biological product imports to Myanmar, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest biological product suppliers to Myanmar were Belgium ($X), South Korea ($X) and China ($X), together comprising X% of total imports.

China, with a CAGR of X%, recorded the highest growth rate of 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

The average biological product import price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X,017 per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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