Myanmar: Market for Frozen Fruits And Vegetables 2024

Market Size for Frozen Fruits And Vegetables in Myanmar

The Myanmar's frozen fruits and vegetables market reduced modestly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption continues to indicate a perceptible decrease. Frozen fruits and vegetables consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Frozen Fruits And Vegetables in Myanmar

In value terms, frozen fruits and vegetables production declined modestly to $X in 2022 estimated in export price. Overall, production recorded a noticeable decline. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Frozen Fruits And Vegetables

Exports from Myanmar

After three years of decline, shipments abroad of frozen fruits and vegetables increased by X% to X tons in 2022. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, frozen fruits and vegetables exports surged to $X in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Bangladesh (X tons), Japan (X tons) and India (X tons) were the main destinations of frozen fruits and vegetables exports from Myanmar, together comprising X% of total exports.

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

In value terms, Japan ($X) remains the key foreign market for frozen fruits and vegetables exports from Myanmar, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Russia (X% per year).

Export Prices by Country

The average frozen fruits and vegetables export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Thailand ($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 Vietnam (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Frozen Fruits And Vegetables

Imports into Myanmar

In 2022, purchases abroad of frozen fruits and vegetables was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed a significant expansion. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, frozen fruits and vegetables imports surged to $X in 2022. Over the period under review, imports showed a prominent increase. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), the Netherlands (X tons) and India (X tons) were the main suppliers of frozen fruits and vegetables imports to Myanmar, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fruits and vegetables suppliers to Myanmar were the Netherlands ($X), the United States ($X) and Thailand ($X), together comprising X% of total imports.

The United States, with a CAGR of X%, recorded 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 frozen fruits and vegetables import price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price recorded a perceptible slump. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 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 India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :