Myanmar: Pasta Products Market 2024

Pasta Products Market Size in Myanmar

After two years of growth, the Myanmar's pasta products market decreased by -35.4% to $X in 2022. Over the period under review, consumption saw a deep setback. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Pasta Products Production in Myanmar

In value terms, pasta products production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 40% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Pasta Products Exports

Exports from Myanmar

In 2022, the amount of dried, undried and frozen pasta and pasta products exported from Myanmar skyrocketed to X tons, with an increase of 46% on the previous year. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 1,491%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, pasta products exports rose slightly to $X in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2017 with an increase of 1,039% against the previous year. The exports peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

The UK (X tons), Malaysia (X tons) and the United States (X tons) were the main destinations of pasta products exports from Myanmar, with a combined 40% share of total exports. Portugal, the Netherlands, Germany, Italy, Hong Kong SAR, India, Spain, the Czech Republic, Ireland and Vietnam lagged somewhat behind, together accounting for a further 51%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +117.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pasta products exported from Myanmar were Malaysia ($X), the UK ($X) and the Netherlands ($X), together comprising 50% of total exports. The United States, Portugal, Germany, Italy, India, Hong Kong SAR, Spain, the Czech Republic, Ireland and Vietnam lagged somewhat behind, together comprising a further 39%.

Germany, with a CAGR of +92.4%, saw the highest rates of growth with regard to the value of exports, in terms of 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 pasta products export price amounted to $X per ton, falling by -28.3% against the previous year. In general, the export price recorded a drastic downturn. The growth pace was the most rapid in 2017 an increase of 114%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Vietnam ($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 Malaysia (-3.4%), while the prices for the other major destinations experienced a decline.

Pasta Products Imports

Imports into Myanmar

After two years of growth, overseas purchases of dried, undried and frozen pasta and pasta products decreased by -50.1% to X tons in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 464% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted notably in the following year.

In value terms, pasta products imports declined sharply to $X in 2022. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 464%. Imports peaked at $X in 2021, and then fell rapidly in the following year.

Imports by Country

Indonesia (X tons), Thailand (X tons) and South Korea (X tons) were the main suppliers of pasta products imports to Myanmar, together accounting for 94% of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +131.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pasta products suppliers to Myanmar were Indonesia ($X), Thailand ($X) and South Korea ($X), together accounting for 96% of total imports.

Indonesia, with a CAGR of +129.7%, saw the highest growth rate of 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

The average pasta products import price stood at $X per ton in 2022, with an increase of 2.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 54% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 South Korea ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :