Myanmar: Meat Market 2024

Meat Market Size in Myanmar

The Myanmar's meat market amounted to $X in 2022, rising by X% against the previous year. Overall, consumption showed a abrupt slump. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Meat Production in Myanmar

In value terms, meat production rose sharply to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

In 2022, the average meat yield in Myanmar reduced notably to X kg per head, dropping by X% against the previous year. In general, the yield continues to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when the yield increased by X% against the previous year. The meat yield peaked at X kg per head in 2014; however, from 2015 to 2022, the yield remained at a lower figure.

In 2022, the number of animals slaughtered for meat production in Myanmar skyrocketed to X heads, increasing by X% compared with 2021. Over the period under review, the number of producing animals, however, showed a noticeable contraction. Over the period under review, this number hit record highs at X heads in 2017; however, from 2018 to 2022, producing animals stood at a somewhat lower figure.

Meat Exports

Exports from Myanmar

In 2022, approx. X tons of meat were exported from Myanmar; picking up by X% on the previous year. Over the period under review, exports, however, continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat exports surged to $X in 2022. In general, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Qatar (X tons), China (X tons) and Hong Kong SAR (X tons) were the main destinations of meat exports from Myanmar, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Thailand (X% per year).

Export Prices by Country

The average meat export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price recorded a noticeable descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

Meat Imports

Imports into Myanmar

In 2022, overseas purchases of meat decreased by X% to X tons, falling for the third consecutive year after six years of growth. Over the period under review, imports recorded a significant decline. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, meat imports declined markedly to $X in 2022. Overall, imports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) constituted the largest meat supplier to Myanmar, with a X% share of total imports. Moreover, meat imports from Australia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. India (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Australia ($X) constituted the largest supplier of meat to Myanmar, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an 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 amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average meat import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price enjoyed a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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