Myanmar: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Myanmar

The Myanmar's prepared dish and meal market skyrocketed to $X in 2021, jumping by 27% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +10.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +150.0% against 2012 indices. Prepared dish and meal consumption peaked in 2021 and is likely to see gradual growth in the near future.

Exports of Prepared Dishes And Meals

Exports from Myanmar

After three years of growth, shipments abroad of prepared dishes and meals decreased by -10.2% to X tons in 2021. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2018 when exports increased by 604%. Over the period under review, the exports hit record highs at X tons in 2020, and then shrank in the following year.

In value terms, prepared dish and meal exports reduced modestly to $X in 2021. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 568%. Over the period under review, the exports reached the maximum at $X in 2020, and then shrank slightly in the following year.

Exports by Country

India (X tons) was the main destination for prepared dish and meal exports from Myanmar, with a 99% share of total exports. It was followed by South Korea (X tons), with a 0.2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to India amounted to +177.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-21.4% per year) and Thailand (-59.2% per year).

In value terms, India ($X) remains the key foreign market for prepared dishes and meals exports from Myanmar, comprising 97% of total exports. The second position in the ranking was held by South Korea ($X), with a 0.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +227.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-12.5% per year) and Thailand (-58.6% per year).

Export Prices by Country

In 2021, the average prepared dish and meal export price amounted to $X per ton, growing by 9.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 109% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to India ($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 India (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into Myanmar

In 2021, approx. X tons of prepared dishes and meals were imported into Myanmar; jumping by 31% compared with the year before. In general, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +19.9% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 41%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal imports soared to $X in 2021. Over the period under review, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2014 with an increase of 31%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest prepared dish and meal supplier to Myanmar, with a 59% share of total imports. Moreover, prepared dish and meal imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. Singapore (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-3.1% per year) and Singapore (-1.5% per year).

In value terms, the largest prepared dish and meal suppliers to Myanmar were Thailand ($X), China ($X) and Singapore ($X), together comprising 81% of total imports.

Among the main suppliers, China, with a CAGR of +21.5%, saw the highest growth rate of 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

In 2021, the average prepared dish and meal import price amounted to $X per ton, with a decrease of -4.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2019 an increase of 20% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :