Myanmar: Maize Starch Market 2025

Maize Starch Market Size in Myanmar

The Myanmar's maize starch market totaled $X in 2021, with an increase of 6.9% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.4% against 2019 indices. Maize starch consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Maize Starch Production in Myanmar

In value terms, maize starch production totaled $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 27% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Maize Starch Exports

Exports from Myanmar

Maize starch exports from Myanmar amounted to X tons in 2021, flattening at 2020 figures. Over the period under review, exports saw a significant decline. The pace of growth appeared the most rapid in 2013 with an increase of 72%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, maize starch exports amounted to $X in 2021. In general, exports saw a dramatic downturn. The pace of growth was the most pronounced in 2013 with an increase of 72%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Mauritius (X tons) was the main destination for maize starch exports from Myanmar, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Mauritius was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Mauritius was relatively modest.

Export Prices by Country

The average maize starch export price stood at $X per ton in 2021, standing approx. at the previous year. In general, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2013 when the average export price decreased by less than 0.1%. The export price peaked at $X per ton in 2012; however, from 2013 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 Mauritius.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -7.5% per year.

Maize Starch Imports

Imports into Myanmar

In 2021, after three years of growth, there was significant decline in purchases abroad of maize (corn) starch, when their volume decreased by -59.2% to X tons. Overall, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2013 with an increase of 199%. Over the period under review, imports reached the maximum at X tons in 2020, and then plummeted in the following year.

In value terms, maize starch imports dropped markedly to $X in 2021. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 199%. Over the period under review, imports reached the peak figure at $X in 2020, and then plummeted in the following year.

Imports by Country

China (X tons), India (X tons) and the Netherlands (X tons) were the main suppliers of maize starch imports to Myanmar, with a combined 89% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +110.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and the Netherlands ($X) appeared to be the largest maize starch suppliers to Myanmar, with a combined 88% share of total imports.

India, with a CAGR of +83.2%, recorded 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 maize starch import price stood at $X per ton in 2021, with an increase of 23% against the previous year. In general, the import price, however, recorded a perceptible curtailment. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+6.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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