Myanmar: Frozen Fruit Market 2022

Frozen Fruit Market Size in Myanmar

The Myanmar's frozen fruit market reduced modestly to $X in 2021, dropping by -X% against the previous year. In general, consumption, however, showed a pronounced slump. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Frozen Fruit Production in Myanmar

In value terms, frozen fruit production fell to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Frozen Fruit Exports

Exports from Myanmar

In 2021, overseas shipments of frozen fruits increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, frozen fruit exports surged to $X in 2021. Over the period under review, exports showed prominent growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Bangladesh (X tons) was the main destination for frozen fruit exports from Myanmar, accounting for a X% share of total exports. Moreover, frozen fruit exports to Bangladesh exceeded the volume sent to the second major destination, Russia (X tons), fourfold. India (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bangladesh amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+X% per year) and India (+X% per year).

In value terms, Bangladesh ($X), Russia ($X) and India ($X) appeared to be the largest markets for frozen fruit exported from Myanmar worldwide, together accounting for X% of total exports.

India, with a CAGR of +X%, saw 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

The average frozen fruit export price stood at $X per ton in 2021, increasing by X% against the previous year. In general, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen fruit export price increased by +X% against 2019 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Russia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Fruit Imports

Imports into Myanmar

In 2021, overseas purchases of frozen fruits decreased by -X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, frozen fruit imports fell notably to $X in 2021. Overall, imports, however, posted pronounced growth. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest frozen fruit supplier to Myanmar, with a X% share of total imports. Moreover, frozen fruit imports from China exceeded the figures recorded by the second-largest supplier, Serbia (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+X% per year) and the Netherlands (+X% per year).

In value terms, Serbia ($X), China ($X) and the Netherlands ($X) were the largest frozen fruit suppliers to Myanmar, together comprising X% of total imports.

In terms of the main suppliers, Serbia, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen fruit import price stood at $X per ton in 2021, declining by -X% against the previous year. In general, the import price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2020, and then declined sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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