Myanmar: Oil Crops Market 2025

Oil Crops Market Size in Myanmar

In 2022, the Myanmar's oil crops market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a noticeable curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Oil Crops Production in Myanmar

In value terms, oil crops production fell modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

In 2022, the average yield of oil crops (primary) in Myanmar reduced slightly to X tons per ha, approximately equating 2021. Overall, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the average oil crops yield reached the maximum level at X tons per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the oil crops harvested area in Myanmar amounted to X ha, therefore, remained relatively stable against 2021 figures. In general, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to oil crops production attained the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Oil Crops Exports

Exports from Myanmar

In 2022, after three years of growth, there was significant decline in overseas shipments of oil crops (primary), when their volume decreased by X% to X tons. In general, exports showed a mild decrease. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, oil crops exports declined significantly to $X in 2022. Over the period under review, exports recorded a mild downturn. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for oil crops exports from Myanmar, accounting for a X% share of total exports. Moreover, oil crops exports to China exceeded the volume sent to the second major destination, Thailand (X tons), sixfold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Taiwan (Chinese) (X% per year).

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

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

Export Prices by Country

The average oil crops 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 relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to India ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Crops Imports

Imports into Myanmar

In 2022, overseas purchases of oil crops (primary) decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, oil crops imports fell to $X in 2022. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), China (X tons) and Canada (X tons) were the main suppliers of oil crops imports to Myanmar, together accounting for X% of total imports. Paraguay, Australia and Thailand lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oil crops suppliers to Myanmar were the United States ($X), China ($X) and Canada ($X), with a combined X% share of total imports. Paraguay, Thailand and Australia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Australia, with a CAGR of X%, 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 oil crops import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, continues to indicate a perceptible contraction. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Paraguay ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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