Myanmar: Grain Market 2024

Grain Market Size in Myanmar

The Myanmar's grain market totaled $X in 2022, approximately reflecting the previous year. In general, consumption showed a slight setback. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Grain Production in Myanmar

In value terms, grain production expanded to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

The average yield of grain in Myanmar totaled X tons per ha in 2022, leveling off at the previous year. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the average grain yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of grain were harvested in Myanmar; stabilizing at the previous year. In general, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to grain production reached the maximum at X ha in 2018; however, from 2019 to 2022, the harvested area remained at a lower figure.

Grain Exports

Exports from Myanmar

In 2022, overseas shipments of grain increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; afterwards, it flattened through to 2022.

In value terms, grain exports expanded sharply to $X in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Thailand (X tons), Vietnam (X tons) and the Philippines (X tons) were the main destinations of grain exports from Myanmar, together accounting for X% of total exports. China and Bangladesh lagged somewhat behind, together comprising a further X%.

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

In value terms, Thailand ($X) remains the key foreign market for grain exports from Myanmar, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and the Philippines (X% per year).

Export Prices by Country

The average grain export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, saw tangible growth. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

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

Grain Imports

Imports into Myanmar

In 2022, supplies from abroad of grain decreased by X% to X tons, falling for the second year in a row after five years of growth. In general, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, grain imports declined rapidly to $X in 2022. Over the period under review, imports, however, saw strong growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped sharply in the following year.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of grain to Myanmar, with a X% share of total imports. Moreover, grain imports from Australia exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was taken by Singapore (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Australia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Singapore (X% per year).

In value terms, Australia ($X) constituted the largest supplier of grain to Myanmar, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average grain import price amounted to $X per ton, surging by X% against the previous year. In general, the import price posted a tangible increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :