Myanmar: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Myanmar

The Myanmar's breakfast cereal market stood at $X in 2021, growing by 13% against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.4% against 2019 indices. Breakfast cereal consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Breakfast Cereal Production in Myanmar

In value terms, breakfast cereal production rose remarkably to $X in 2021 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 61%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Breakfast Cereal Exports

Exports from Myanmar

In 2021, the amount of breakfast cereals exported from Myanmar skyrocketed to X tons, surging by 613% on 2020. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, breakfast cereal exports surged to $X in 2021. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) was the main destination for breakfast cereal exports from Myanmar, accounting for a 72% share of total exports. Moreover, breakfast cereal exports to India exceeded the volume sent to the second major destination, China (X tons), sixfold. The third position in this ranking was held by Malaysia (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to India amounted to +65.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+55.7% per year) and Malaysia (+27.5% per year).

In value terms, India ($X), Malaysia ($X) and China ($X) constituted the largest markets for breakfast cereal exported from Myanmar worldwide, together comprising 82% of total exports. Singapore and Australia lagged somewhat behind, together comprising a further 12%.

Among the main countries of destination, Singapore, with a CAGR of +51.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average breakfast cereal export price stood at $X per ton in 2021, dropping by -70.1% against the previous year. In general, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2013 an increase of 42% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.4%), while the prices for the other major destinations experienced a decline.

Breakfast Cereal Imports

Imports into Myanmar

Breakfast cereal imports into Myanmar skyrocketed to X tons in 2021, increasing by 15% compared with the previous year. In general, imports, however, showed a abrupt slump. The growth pace was the most rapid in 2015 with an increase of 98% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, breakfast cereal imports surged to $X in 2021. Over the period under review, imports, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2015 with an increase of 64% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Thailand (X tons), Vietnam (X tons) and China (X tons) were the main suppliers of breakfast cereal imports to Myanmar, with a combined 98% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +5.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X) constituted the largest supplier of breakfast cereal to Myanmar, comprising 73% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 17% share of total imports. It was followed by China, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from Thailand stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+2.0% per year) and China (-14.4% per year).

Import Prices by Country

The average breakfast cereal import price stood at $X per ton in 2021, flattening at the previous year. Over the last nine years, it increased at an average annual rate of +4.6%. The pace of growth was the most pronounced in 2014 when the average import price increased by 19% against the previous year. The import price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Malaysia ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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