Myanmar: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in Myanmar

The Myanmar's market for crispbread, rusks and toasted bread amounted to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, recorded a pronounced curtailment. Crispbread, rusk and toasted bread consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Crispbread, Rusks and Toasted Bread in Myanmar

In value terms, crispbread, rusk and toasted bread production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2018 with an increase of 37% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Crispbread, Rusks and Toasted Bread

Exports from Myanmar

Crispbread, rusk and toasted bread exports from Myanmar declined dramatically to X tons in 2022, dropping by -50.8% compared with the previous year. Over the period under review, exports showed a dramatic descent. The most prominent rate of growth was recorded in 2016 with an increase of 197% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, crispbread, rusk and toasted bread exports declined notably to $X in 2022. Overall, exports saw a dramatic setback. The pace of growth appeared the most rapid in 2016 when exports increased by 280% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X tons) and China (X tons) were the main destinations of crispbread, rusk and toasted bread exports from Myanmar.

From 2013 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +19.1%).

In value terms, Singapore ($X) and China ($X) constituted the largest markets for crispbread, rusk and toasted bread exported from Myanmar worldwide.

In terms of the main countries of destination, Singapore, with a CAGR of +5.5%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average export price for crispbread, rusks and toasted bread stood at $X per ton in 2022, growing by 11% against the previous year. Overall, the export price, however, recorded a abrupt decline. The growth pace was the most rapid in 2021 when the average export price increased by 64% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to China amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-11.5%), while the prices for the other major destinations experienced a decline.

Imports of Crispbread, Rusks and Toasted Bread

Imports into Myanmar

In 2022, crispbread, rusk and toasted bread imports into Myanmar plummeted to X tons, which is down by -47.7% compared with the previous year. In general, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 136%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, crispbread, rusk and toasted bread imports fell markedly to $X in 2022. Overall, imports, however, posted a perceptible increase. The growth pace was the most rapid in 2013 with an increase of 78% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of crispbread, rusk and toasted bread to Myanmar, with a 69% share of total imports. Moreover, crispbread, rusk and toasted bread imports from Thailand exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Thailand totaled +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+39.5% per year) and Malaysia (-17.3% per year).

In value terms, the largest crispbread, rusk and toasted bread suppliers to Myanmar were Vietnam ($X), Thailand ($X) and Malaysia ($X), together comprising 98% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +43.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for crispbread, rusks and toasted bread amounted to $X per ton, declining by -32.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when the average import price increased by 26%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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