Myanmar: Frozen Vegetable Market 2024

Frozen Vegetable Market Size in Myanmar

The Myanmar's frozen vegetable market fell modestly to $X in 2022, reducing by X% against the previous year. In general, consumption continues to indicate a pronounced reduction. Frozen vegetable consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Frozen Vegetable Production in Myanmar

In value terms, frozen vegetable production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible curtailment. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Frozen Vegetable Exports

Exports from Myanmar

Frozen vegetable exports from Myanmar soared to X tons in 2022, with an increase of X% on the previous year's figure. In general, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, frozen vegetable exports surged to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for frozen vegetable exports from Myanmar, accounting for a X% share of total exports. Moreover, frozen vegetable exports to Japan exceeded the volume sent to the second major destination, South Korea (X tons), tenfold. The third position in this ranking was taken by Thailand (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Thailand (X% per year).

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

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

Export Prices by Country

In 2022, the average frozen vegetable export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price saw a strong increase. The growth pace was the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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 more modest paces of growth.

Frozen Vegetable Imports

Imports into Myanmar

In 2022, after two years of decline, there was significant growth in supplies from abroad of frozen vegetables, when their volume increased by X% to X tons. In general, imports showed a significant expansion. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, frozen vegetable imports soared to $X in 2022. Overall, imports showed significant growth. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), the Netherlands (X tons) and India (X tons) were the main suppliers of frozen vegetable imports to Myanmar, together accounting for X% 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 vegetable suppliers to Myanmar were the Netherlands ($X), the United States ($X) and India ($X), with a combined X% share of total imports.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to 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 vegetable import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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