Report Update Nov 1, 2024

Myanmar - Insecticides - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Insecticide Market 2024

Insecticide Market Size in Myanmar

After three years of growth, the Myanmar's insecticide market decreased by -15.7% to $X in 2021. Overall, consumption faced a abrupt slump. Insecticide consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Insecticide Exports

Exports from Myanmar

After three years of growth, overseas shipments of insecticides decreased by -42.7% to X tons in 2021. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 1,503%. Over the period under review, the exports attained the maximum at X tons in 2020, and then fell significantly in the following year.

In value terms, insecticide exports declined notably to $X in 2021. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 1,284% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then reduced markedly in the following year.

Exports by Country

India (X tons) was the main destination for insecticide exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled +52.7%.

In value terms, India ($X) also remains the key foreign market for insecticides exports from Myanmar.

From 2012 to 2021, the average annual growth rate of value to India amounted to +24.0%.

Export Prices by Country

In 2021, the average insecticide export price amounted to $X per ton, waning by -26.6% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -18.8% per year.

Insecticide Imports

Imports into Myanmar

After four years of growth, overseas purchases of insecticides decreased by -4.8% to X tons in 2021. Over the period under review, imports, however, posted significant growth. The growth pace was the most rapid in 2013 with an increase of 160% against the previous year. Imports peaked at X tons in 2020, and then dropped slightly in the following year.

In value terms, insecticide imports fell remarkably to $X in 2021. Overall, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 83% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then declined sharply in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest insecticide supplier to Myanmar, with a 75% share of total imports. Moreover, insecticide imports from China exceeded the figures recorded by the second-largest supplier, Cambodia (X tons), sixfold. The third position in this ranking was held by Vietnam (X tons), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +37.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Cambodia (+60.2% per year) and Vietnam (+12.9% per year).

In value terms, the largest insecticide suppliers to Myanmar were China ($X), Vietnam ($X) and Thailand ($X), together comprising 91% of total imports. Cambodia lagged somewhat behind, comprising a further 5.9%.

In terms of the main suppliers, Cambodia, with a CAGR of +46.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average insecticide import price amounted to $X per ton, shrinking by -12.1% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 8% 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 2021, 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 Vietnam ($X per ton), while the price for Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for insecticides in the world?

The countries with the highest volumes of in 2021 were China, the United States and Brazil, with a combined 32% share of global consumption. These countries were followed by India, Japan, Indonesia, Germany, France, Turkey, Nigeria, Russia, South Korea and the UK, which together accounted for a further 31%.

What are the largest producers of insecticides in the world?

China remains the largest insecticide producing country worldwide, accounting for 37% of total volume. Moreover, insecticide production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. The third position in this ranking was occupied by India, with a 9.4% share.

What are the leading suppliers of insecticides to Myanmar?

In value terms, China, Vietnam and India constituted the largest insecticide suppliers to Myanmar, with a combined 72% share of total imports.

What are the leading importers of insecticides from Myanmar?

In value terms, India remains the key foreign market for insecticide exports from Myanmar.

What is the average export price for insecticides in Myanmar?

The average insecticide export price stood at $1,989 per ton in 2021, remaining constant against the previous year.

What is the average import price for insecticides in Myanmar?

In 2021, the average insecticide import price amounted to $3,348 per ton, increasing by 58% against the previous year.

This report provides an in-depth analysis of the insecticide 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:

Prodcom 20201130 - Insecticides based on chlorinated hydrocarbons, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201140 - Insecticides based on carbamates, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201150 - Insecticides based on organophosphorus products, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201160 - Insecticides based on pyrethroids, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201190 - Other insecticides
Prodcom 20201100 -

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023