Myanmar: Coconut Market 2025

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

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