Myanmar: Groundnuts Market 2025

Groundnuts Market Size in Myanmar

The Myanmar's groundnuts market fell to $X in 2022, which is down by -5.6% against the previous year. Overall, consumption continues to indicate a abrupt curtailment. Groundnuts consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Groundnuts Production in Myanmar

In value terms, groundnuts production dropped to $X in 2022 estimated in export price. In general, production showed a abrupt descent. The growth pace was the most rapid in 2021 when the production volume increased by 25%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

In 2022, the average groundnuts yield in Myanmar reached X tons per ha, therefore, remained relatively stable against the previous year's figure. Over the period under review, the yield, however, showed a mild setback. The growth pace was the most rapid in 2015 when the yield increased by 1% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2016 to 2022, the growth of the average groundnuts 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.

The groundnuts harvested area in Myanmar fell slightly to X ha in 2022, almost unchanged from 2021. The harvested area increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the harvested area increased by 4.8%. Over the period under review, the harvested area dedicated to groundnuts production attained the peak figure at X ha in 2021, and then shrank in the following year.

Groundnuts Exports

Exports from Myanmar

In 2022, shipments abroad of ground-nut (in-shell) decreased by -24.2% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 2,132% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank markedly in the following year.

In value terms, groundnuts exports fell markedly to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 1,415% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Thailand (X tons) was the main destination for groundnuts exports from Myanmar, with a 75% share of total exports. Moreover, groundnuts exports to Thailand exceeded the volume sent to the second major destination, South Korea (X tons), fivefold. China (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand totaled +93.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+217.8% per year) and China (+136.5% per year).

In value terms, Thailand ($X) remains the key foreign market for ground-nut (in-shell) exports from Myanmar, comprising 91% of total exports. The second position in the ranking was held by China ($X), with a 6.3% share of total exports. It was followed by South Korea, with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand totaled +83.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+88.4% per year) and South Korea (+258.9% per year).

Export Prices by Country

In 2022, the average groundnuts export price amounted to $X per ton, waning by -10.2% against the previous year. Overall, the export price showed a abrupt slump. The growth pace was the most rapid in 2021 when the average export price increased by 88%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to South Korea ($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 South Korea (+12.6%), while the prices for the other major destinations experienced a decline.

Groundnuts Imports

Imports into Myanmar

Groundnuts imports into Myanmar soared to X tons in 2022, increasing by 116% against 2021 figures. Over the period under review, imports posted a moderate expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 130% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, groundnuts imports surged to $X in 2022. Overall, imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2020 when imports increased by 56% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X tons) was the main supplier of groundnuts to Myanmar, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand amounted to +90.4%.

In value terms, Thailand ($X) constituted the largest supplier of ground-nut (in-shell) to Myanmar.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand totaled +68.0%.

Import Prices by Country

In 2022, the average groundnuts import price amounted to $X per ton, reducing by -31.8% against the previous year. Over the period under review, the import price faced a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 63%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to -11.7% per year.

Source: IndexBox Platform

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