Report Update Jan 1, 2025

Myanmar - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Groundnut Oil Market 2025

Groundnut Oil Market Size in Myanmar

In 2021, after two years of decline, there was growth in the Myanmar's groundnut oil market, when its value increased by 3% to $X. Over the period under review, consumption recorded a pronounced downturn. Groundnut oil consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Groundnut Oil Production in Myanmar

In value terms, groundnut oil production expanded significantly to $X in 2021 estimated in export price. Overall, production showed a noticeable downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by 28%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Groundnut Oil Exports

Exports from Myanmar

In 2021, the amount of groundnut oil exported from Myanmar fell sharply to X tons, declining by -22.2% compared with the year before. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 47% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, groundnut oil exports fell significantly to $X in 2021. Overall, exports showed a perceptible decrease. The growth pace was the most rapid in 2015 with an increase of 67%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for groundnut oil exports from Myanmar, with a 85% share of total exports. Moreover, groundnut oil exports to Singapore exceeded the volume sent to the second major destination, Australia (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-3.2% per year) and Ireland (+35.2% per year).

In value terms, Singapore ($X) remains the key foreign market for groundnut oil exports from Myanmar, comprising 64% of total exports. The second position in the ranking was taken by Ireland ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Singapore amounted to -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+28.9% per year) and Australia (-8.9% per year).

Export Prices by Country

The average groundnut oil export price stood at $X per ton in 2021, reducing by -3.3% against the previous year. Overall, the export price saw a noticeable slump. The growth pace was the most rapid in 2017 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Singapore ($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 Malaysia (+2.1%), while the prices for the other major destinations experienced a decline.

Groundnut Oil Imports

Imports into Myanmar

In 2021, supplies from abroad of groundnut oil increased by 11% to X kg, rising for the second year in a row after four years of decline. In general, imports, however, continue to indicate a precipitous setback. The growth pace was the most rapid in 2020 with an increase of 233% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, groundnut oil imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2020 with an increase of 387%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X kg) was the main groundnut oil supplier to Myanmar, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from India amounted to -6.8%.

In value terms, India ($X) constituted the largest supplier of groundnut oil to Myanmar.

From 2012 to 2021, the average annual growth rate of value from India totaled -1.2%.

Import Prices by Country

The average groundnut oil import price stood at $X per ton in 2021, rising by 62% against the previous year. In general, the import price posted a tangible expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 95% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to +95.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for groundnut oil in the world?

China remains the largest groundnut oil consuming country worldwide, accounting for 47% of total volume. Moreover, groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, Nigeria, sixfold. Sudan ranked third in terms of total consumption with a 4.5% share.

What are the largest producers of groundnut oil in the world?

The country with the largest volume of groundnut oil production was China, comprising approx. 41% of total volume. Moreover, groundnut oil production in China exceeded the figures recorded by the second-largest producer, Nigeria, fivefold. The third position in this ranking was occupied by India, with a 6.9% share.

What are the leading suppliers of groundnut oil to Myanmar?

In value terms, Belgium constituted the largest supplier of groundnut oil to Myanmar.

What are the leading importers of groundnut oil from Myanmar?

In value terms, Singapore remains the key foreign market for groundnut oil exports from Myanmar, comprising 70% of total exports. The second position in the ranking was occupied by Australia, with a 30% share of total exports.

What is the average export price for groundnut oil in Myanmar?

In 2020, the average groundnut oil export price amounted to $1,142 per ton, reducing by -19.2% against the previous year.

What is the average import price for groundnut oil in Myanmar?

In 2019, the average groundnut oil import price amounted to $731 per ton, increasing by 2.3% against the previous year.

This report provides an in-depth analysis of the groundnut oil market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 244 - Oil of Groundnuts

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024