Myanmar: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Myanmar

After five years of growth, the Myanmar's medicaments containing vitamins market decreased by -31.4% to $X in 2021. In general, consumption recorded a abrupt setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Medicaments Containing Vitamins Production in Myanmar

In value terms, medicaments containing vitamins production shrank to $X in 2021 estimated in export price. Over the period under review, production faced a abrupt setback. The pace of growth appeared the most rapid in 2014 when the production volume increased by 33% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Medicaments Containing Vitamins Exports

Exports from Myanmar

In 2021, overseas shipments of medicaments containing vitamins and provitamins decreased by -98.1% to X kg, falling for the second year in a row after two years of growth. Over the period under review, exports showed a dramatic setback. The most prominent rate of growth was recorded in 2019 with an increase of 84,694% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, medicaments containing vitamins exports dropped rapidly to $X in 2021. In general, exports recorded a sharp reduction. The pace of growth was the most pronounced in 2019 when exports increased by 98%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

South Korea (X kg) was the main destination for medicaments containing vitamins exports from Myanmar, with a approx. 50% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to South Korea totaled -51.2%.

In value terms, South Korea ($X) also remains the key foreign market for medicaments containing vitamins and provitamins exports from Myanmar.

From 2012 to 2021, the average annual growth rate of value to South Korea amounted to -50.5%.

Export Prices by Country

In 2021, the average medicaments containing vitamins export price amounted to $X per ton, jumping by 147% against the previous year. In general, the export price enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 224,389% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the rate of growth in terms of prices for South Korea amounted to +0.6% per year.

Medicaments Containing Vitamins Imports

Imports into Myanmar

In 2021, the amount of medicaments containing vitamins and provitamins imported into Myanmar declined remarkably to X tons, shrinking by -19.4% against the previous year. Overall, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 560% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, medicaments containing vitamins imports reduced rapidly to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 74% against the previous year. Imports peaked at $X in 2020, and then contracted sharply in the following year.

Imports by Country

China (X tons), India (X tons) and Thailand (X tons) were the main suppliers of medicaments containing vitamins imports to Myanmar, with a combined 61% share of total imports. The Philippines, Turkey, Taiwan (Chinese), the United States, Vietnam, Saudi Arabia, Cyprus, the Netherlands and France lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +76.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing vitamins suppliers to Myanmar were India ($X), Thailand ($X) and China ($X), together comprising 61% of total imports. These countries were followed by the Philippines, the United States, Vietnam, Cyprus, Saudi Arabia, the Netherlands, Taiwan (Chinese), Turkey and France, which together accounted for a further 12%.

In terms of the main suppliers, Turkey, with a CAGR of +47.1%, 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

The average medicaments containing vitamins import price stood at $X per ton in 2021, shrinking by -20.9% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 116% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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