Myanmar: Frozen Potato Market 2024

Frozen Potato Market Size in Myanmar

After three years of decline, the Myanmar's frozen potato market increased by 7.1% to $X in 2021. Over the period under review, consumption, however, recorded a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Frozen Potato Production in Myanmar

In value terms, frozen potato production stood at $X in 2021 estimated in export price. Overall, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by 12%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Frozen Potato Exports

Exports from Myanmar

After two years of growth, overseas shipments of frozen potatoes decreased by -99.9% to X kg in 2021. Over the period under review, exports faced a dramatic shrinkage. The growth pace was the most rapid in 2017 with an increase of 29,297%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, frozen potato exports declined rapidly to $X in 2021. Overall, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2017 with an increase of 16,688%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia (X kg), Singapore (X kg) and the Netherlands (X kg) were the main destinations of frozen potato exports from Myanmar, together comprising 90% of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for frozen potato exported from Myanmar were Indonesia ($X), Singapore ($X) and the Netherlands ($X), together comprising 90% of total exports.

Indonesia, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average frozen potato export price stood at $X per ton in 2021, increasing by 606% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Indonesia ($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 Singapore (-7.8%).

Frozen Potato Imports

Imports into Myanmar

Frozen potato imports into Myanmar dropped notably to X tons in 2021, declining by -28.3% against 2020 figures. Overall, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 549%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, frozen potato imports declined notably to $X in 2021. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 542%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of frozen potato to Myanmar, with a 27% share of total imports. Moreover, frozen potato imports from the United States exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. The third position in this ranking was held by Denmark (X tons), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +49.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+54.9% per year) and Denmark (+31.1% per year).

In value terms, the United States ($X), Singapore ($X) and Denmark ($X) were the largest frozen potato suppliers to Myanmar, together comprising 42% of total imports. These countries were followed by Malaysia, the Netherlands, Belgium and India, which together accounted for a further 24%.

Malaysia, with a CAGR of +67.1%, saw the highest rates of growth with regard to the value of imports, in terms of 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 potato import price stood at $X per ton in 2021, picking up by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2018 when the average import price increased by 29% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+32.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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