Myanmar: Dairy Produce Market 2024

Dairy Produce Market Size in Myanmar

The Myanmar's dairy produce market contracted to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Dairy Produce Production in Myanmar

In value terms, dairy produce production declined to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Dairy Produce Exports

Exports from Myanmar

In 2022, shipments abroad of dairy produce decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, exports faced a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, dairy produce exports contracted dramatically to $X in 2022. Overall, exports saw a sharp setback. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for dairy produce exports from Myanmar, accounting for a X% share of total exports. It was followed by Thailand (X kg), with less than X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to India stood at X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to India stood at X%.

Export Prices by Country

The average dairy produce export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price saw a deep reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 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 Thailand ($X per ton), while the average price for exports to India stood at $X per ton.

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.

Dairy Produce Imports

Imports into Myanmar

In 2022, purchases abroad of dairy produce decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, imports showed a perceptible setback. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, dairy produce imports fell significantly to $X in 2022. Over the period under review, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

New Zealand (X tons), Thailand (X tons) and Australia (X tons) were the main suppliers of dairy produce imports to Myanmar, together accounting for X% of total imports. Germany, Poland, Swaziland, Lithuania, China, Ireland and Belgium lagged somewhat behind, together comprising a further X%.

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

In value terms, New Zealand ($X) constituted the largest supplier of dairy produce to Myanmar, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Australia, with an X% share.

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

Import Prices by Country

In 2022, the average dairy produce import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

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 New Zealand ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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