Report Update Nov 1, 2024

Myanmar - Coconut - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Coconut Market 2024

Coconut Market Size in Myanmar

The Myanmar's coconut market stood at $X in 2022, growing by 1.8% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Coconut Production in Myanmar

In value terms, coconut production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by 523%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of coconuts in Myanmar shrank to X tons per ha, falling by -2% against 2021. Over the period under review, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the yield increased by 15%. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the average coconut yield failed to regain momentum. 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 coconuts production in Myanmar reached X ha, increasing by 2.6% on 2021. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The coconut harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Coconut Exports

Exports from Myanmar

In 2022, shipments abroad of coconuts increased by 332% to X tons, rising for the third consecutive year after two years of decline. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 8,726% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, coconut exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 9,929% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Bangladesh (X tons) was the main destination for coconut exports from Myanmar, accounting for a 93% share of total exports. Moreover, coconut exports to Bangladesh exceeded the volume sent to the second major destination, India (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bangladesh amounted to +117.9%.

In value terms, Bangladesh ($X) emerged as the key foreign market for coconuts exports from Myanmar, comprising 98% of total exports. The second position in the ranking was held by India ($X), with a 1.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bangladesh totaled +110.9%.

Export Prices by Country

The average coconut export price stood at $X per ton in 2022, surging by 106% against the previous year. Over the period under review, the export price, however, saw a slight decrease. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to India totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+11.1%), while the prices for the other major destinations experienced mixed trend patterns.

Coconut Imports

Imports into Myanmar

In 2022, overseas purchases of coconuts increased by 9.1% to X tons, rising for the fourth consecutive year after two years of decline. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 367% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, coconut imports amounted to $X in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 455% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Singapore (X tons) was the main supplier of coconut to Myanmar, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore totaled +105.2%.

In value terms, Singapore ($X) constituted the largest supplier of coconuts to Myanmar.

From 2012 to 2022, the average annual growth rate of value from Singapore amounted to +127.6%.

Import Prices by Country

In 2022, the average coconut import price amounted to $X per ton, declining by -6.3% against the previous year. Overall, the import price saw a perceptible slump. The most prominent rate of growth was recorded in 2017 an increase of 35% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +10.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for coconuts in the world?

The countries with the highest volumes of in 2020 were Indonesia, India and the Philippines, together comprising 73% of global consumption. These countries were followed by Brazil, Sri Lanka, Vietnam, Papua New Guinea and China, which together accounted for a further 14%.

What are the largest producers of coconuts in the world?

The countries with the highest volumes of in 2020 were Indonesia, India and the Philippines, together accounting for 74% of global production. These countries were followed by Brazil, Sri Lanka, Vietnam and Papua New Guinea, which together accounted for a further 12%.

What are the leading suppliers of coconuts to Myanmar?

In value terms, Indonesia constituted the largest supplier of coconut to Myanmar, comprising 88% of total imports. The second position in the ranking was occupied by India, with a 12% share of total imports.

What are the leading importers of coconuts from Myanmar?

In value terms, Thailand remains the key foreign market for coconut exports from Myanmar, comprising 68% of total exports. The second position in the ranking was occupied by Singapore, with a 14% share of total exports. It was followed by India, with a 12% share.

What is the average export price for coconuts in Myanmar?

In 2020, the average coconut export price amounted to $347 per ton, surging by 29% against the previous year.

What is the average import price for coconuts in Myanmar?

The average coconut import price stood at $837 per ton in 2020, waning by -17.2% against the previous year.

This report provides an in-depth analysis of the coconut market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 249 - Coconuts

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023