Myanmar: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Myanmar

The Myanmar's market for candies, sweets, and nonchocolate confectionery amounted to $X in 2022, surging by 2.3% against the previous year. Overall, consumption, however, showed a abrupt curtailment. Candy, sweets, and nonchocolate confectionery consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Candies, Sweets, and Nonchocolate Confectionery in Myanmar

In value terms, candy, sweets, and nonchocolate confectionery production dropped slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 78% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Myanmar

In 2022, shipments abroad of candies, sweets, and nonchocolate confectionery decreased by -5.7% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a precipitous curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by 5,072%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, candy, sweets, and nonchocolate confectionery exports dropped dramatically to $X in 2022. Overall, exports showed a precipitous slump. The pace of growth appeared the most rapid in 2016 when exports increased by 4,347% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for candy, sweets, and nonchocolate confectionery exports from Myanmar, with a 76% share of total exports. Moreover, candy, sweets, and nonchocolate confectionery exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-32.2% per year) and Thailand (-28.2% per year).

In value terms, the largest markets for candy, sweets, and nonchocolate confectionery exported from Myanmar were China ($X), Thailand ($X) and Malaysia ($X).

China, with a CAGR of -16.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, falling by -23% against the previous year. Over the period under review, the export price showed a deep reduction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 54%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to China ($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 Bangladesh (+26.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Myanmar

In 2022, purchases abroad of candies, sweets, and nonchocolate confectionery decreased by -13.2% to X tons, falling for the third consecutive year after eight years of growth. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 307% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, candy, sweets, and nonchocolate confectionery imports contracted to $X in 2022. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2013 with an increase of 272% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest candy, sweets, and nonchocolate confectionery supplier to Myanmar, with a 47% share of total imports. Moreover, candy, sweets, and nonchocolate confectionery imports from Thailand exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Vietnam (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand totaled +84.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+109.7% per year) and Vietnam (+37.0% per year).

In value terms, Thailand ($X), Vietnam ($X) and Indonesia ($X) appeared to be the largest candy, sweets, and nonchocolate confectionery suppliers to Myanmar, together comprising 77% of total imports. Malaysia, India, China and the Philippines lagged somewhat behind, together accounting for a further 22%.

In terms of the main suppliers, India, with a CAGR of +128.8%, 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 import price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, rising by 2.1% against the previous year. In general, the import price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 35% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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