Myanmar: Canned Vegetable Market 2024

Canned Vegetable Market Size in Myanmar

In 2022, the Myanmar's canned vegetable market increased by 7.3% to $X, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Canned Vegetable Production in Myanmar

In value terms, canned vegetable production contracted to $X in 2022 estimated in export price. Overall, production, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 641% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Canned Vegetable Exports

Exports from Myanmar

In 2022, shipments abroad of canned vegetables was finally on the rise to reach X tons after three years of decline. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 4,503%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, canned vegetable exports reduced notably to $X in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 4,935%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for canned vegetable exports from Myanmar, accounting for a 49% share of total exports. Moreover, canned vegetable exports to Malaysia exceeded the volume sent to the second major destination, the United States (X tons), twofold. China (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+24.0% per year) and China (+28.5% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for canned vegetables exports from Myanmar, comprising 48% of total exports. The second position in the ranking was taken by the United States ($X), with a 24% share of total exports. It was followed by Thailand, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia stood at +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+38.2% per year) and Thailand (+6.6% per year).

Export Prices by Country

In 2022, the average canned vegetable export price amounted to $X per ton, declining by -43.8% against the previous year. Over the period under review, the export price continues to indicate a pronounced downturn. The growth pace was the most rapid in 2016 when the average export price increased by 606% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then shrank significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to China ($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 Thailand (+44.7%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Vegetable Imports

Imports into Myanmar

In 2022, after five years of decline, there was significant growth in purchases abroad of canned vegetables, when their volume increased by 92% to X tons. Over the period under review, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 117% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, canned vegetable imports expanded rapidly to $X in 2022. Overall, imports continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2014 when imports increased by 78% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest canned vegetable supplier to Myanmar, with a 75% share of total imports. Moreover, canned vegetable imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), ninefold. The United States (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +66.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+8.0% per year) and the United States (+5.4% per year).

In value terms, China ($X) constituted the largest supplier of canned vegetables to Myanmar, comprising 49% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 21% share of total imports. It was followed by Thailand, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +44.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+2.4% per year) and Thailand (+32.3% per year).

Import Prices by Country

In 2022, the average canned vegetable import price amounted to $X per ton, dropping by -41.8% against the previous year. Over the period under review, the import price faced a abrupt decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by 18% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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