Myanmar: Confectionery Market 2024

Confectionery Market Size in Myanmar

The Myanmar's confectionery market fell slightly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, showed a abrupt slump. Confectionery consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Confectionery Production in Myanmar

In value terms, confectionery production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Confectionery production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Confectionery Exports

Exports from Myanmar

In 2022, confectionery exports from Myanmar surged to X tons, jumping by X% on the year before. Overall, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, confectionery exports contracted markedly to $X in 2022. In general, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for confectionery exports from Myanmar, with a X% share of total exports. Moreover, confectionery exports to China exceeded the volume sent to the second major destination, Guatemala (X tons), sevenfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Germany (X% per year).

In value terms, Germany ($X), China ($X) and Guatemala ($X) appeared to be the largest markets for confectionery exported from Myanmar worldwide, with a combined X% share of total exports.

China, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average confectionery export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. 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 dropped dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Malaysia ($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 Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Confectionery Imports

Imports into Myanmar

In 2022, overseas purchases of confectionery decreased by X% to X tons, falling for the third consecutive year after eight years of growth. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, confectionery imports fell to $X in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), Malaysia (X tons) and Indonesia (X tons) were the main suppliers of confectionery imports to Myanmar, together accounting for X% of total imports. Vietnam, India, Singapore and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) were the largest confectionery suppliers to Myanmar, together comprising X% of total imports. Indonesia, India, Singapore and China lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average confectionery import price amounted to $X per ton, approximately reflecting the previous year. Overall, the import price, however, showed a pronounced slump. The pace of growth was the most pronounced in 2018 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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