Myanmar: Bread And Bakery Market 2024

Bread And Bakery Market Size in Myanmar

In 2022, the Myanmar's bread and bakery market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, continues to indicate a deep contraction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Bread And Bakery Production in Myanmar

In value terms, bread and bakery production soared to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Bread and bakery production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Bread And Bakery Exports

Exports from Myanmar

In 2022, bread and bakery exports from Myanmar skyrocketed to X tons, surging by X% compared with 2021 figures. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, bread and bakery exports shrank significantly to $X in 2022. Over the period under review, exports saw resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for bread and bakery exports from Myanmar, with a X% share of total exports. It was followed by Malaysia (X tons), with a X% share of total exports. China (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and China (X% per year).

In value terms, India ($X) emerged as the key foreign market for bread and bakery exports from Myanmar, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and China (X% per year).

Export Prices by Country

The average bread and bakery export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (X%), while the prices for the other major destinations experienced a decline.

Bread And Bakery Imports

Imports into Myanmar

Bread and bakery imports into Myanmar dropped to X tons in 2022, waning by X% compared with the previous year's figure. In general, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, bread and bakery imports declined to $X in 2022. Overall, imports, however, enjoyed a significant expansion. 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 reached the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest bread and bakery supplier to Myanmar, accounting for a X% share of total imports. Moreover, bread and bakery imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), sixfold. The third position in this ranking was held by Thailand (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Thailand (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of bread and bakery to Myanmar, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average bread and bakery import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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