Myanmar: Cereal Market 2024

Cereal Market Size in Myanmar

The Myanmar's cereal market amounted to $X in 2022, almost unchanged from the previous year. Overall, consumption continues to indicate a slight slump. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Cereal Production in Myanmar

In value terms, cereal production rose to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of cereals in Myanmar stood at X tons per ha, remaining stable against 2021. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the average cereal yield remained at a lower figure. 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 cereals production in Myanmar amounted to X ha, approximately mirroring the previous year. In general, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to cereal production reached the peak figure at X ha in 2018; however, from 2019 to 2022, the harvested area remained at a lower figure.

Cereal Exports

Exports from Myanmar

In 2022, overseas shipments of cereals increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, exports posted a resilient increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at X tons in 2017; afterwards, it flattened through to 2022.

In value terms, cereal exports rose significantly to $X in 2022. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Thailand (X tons), Vietnam (X tons) and the Philippines (X tons) were the main destinations of cereal exports from Myanmar, with a combined X% share of total exports. China and Bangladesh lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the key foreign market for cereals exports from Myanmar, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2022, the average cereal export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major export markets. In 2022, 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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cereal Imports

Imports into Myanmar

In 2022, supplies from abroad of cereals decreased by X% to X tons, falling for the second year in a row after five years of growth. Over the period under review, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, cereal imports shrank markedly to $X in 2022. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of cereal to Myanmar, accounting for a X% share of total imports. Moreover, cereal imports from Australia exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. Singapore (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Australia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Singapore (X% per year).

In value terms, Australia ($X) constituted the largest supplier of cereals to Myanmar, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Thailand (X% per year).

Import Prices by Country

The average cereal import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price continues to indicate measured growth. The growth pace was the most rapid in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Moldova ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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