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Myanmar - Pimenta Pepper - Market Analysis, Forecast, Size, Trends and Insights
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Pimenta Pepper Market Size in Myanmar
In 2022, the Myanmar's pimenta pepper market was finally on the rise to reach $X after two years of decline. In general, consumption, however, recorded a noticeable reduction. Pimenta pepper consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.
Pimenta Pepper Production in Myanmar
In value terms, pimenta pepper production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2016 with an increase of 33% against the previous year. Pimenta pepper production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.
In 2022, the average yield of pimenta pepper in Myanmar contracted slightly to X tons per ha, remaining stable against the previous year. The yield figure increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the yield increased by 5.9%. The pimenta pepper yield peaked at X tons per ha in 2021, and then dropped slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2022, the total area harvested in terms of pimenta pepper production in Myanmar stood at X ha, surging by 1.8% against the previous year's figure. Overall, the harvested area, however, saw a slight decline. Over the period under review, the harvested area dedicated to pimenta pepper production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.
Pimenta Pepper Exports
Exports from Myanmar
In 2022, after two years of growth, there was significant decline in shipments abroad of pimenta pepper, when their volume decreased by -61.5% to X tons. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of 462% against the previous year. The exports peaked at X tons in 2021, and then contracted rapidly in the following year.
In value terms, pimenta pepper exports declined dramatically to $X in 2022. Over the period under review, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 462% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped markedly in the following year.
Exports by Country
Thailand (X tons) was the main destination for pimenta pepper exports from Myanmar, accounting for a 89% share of total exports. Moreover, pimenta pepper exports to Thailand exceeded the volume sent to the second major destination, China (X tons), ninefold.
From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand stood at +54.2%.
In value terms, Thailand ($X) emerged as the key foreign market for pimenta pepper exports from Myanmar, comprising 88% of total exports. The second position in the ranking was taken by China ($X), with an 11% share of total exports.
From 2012 to 2022, the average annual rate of growth in terms of value to Thailand totaled +46.6%.
Export Prices by Country
The average pimenta pepper export price stood at $X per ton in 2022, shrinking by -7.2% against the previous year. Overall, the export price showed a noticeable setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Thailand stood at $X per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-3.6%).
Pimenta Pepper Imports
Imports into Myanmar
For the third consecutive year, Myanmar recorded decline in purchases abroad of pimenta pepper, which decreased by -91.6% to X tons in 2022. Over the period under review, imports saw a precipitous setback. The pace of growth appeared the most rapid in 2017 when imports increased by 2,542%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, pimenta pepper imports dropped notably to $X in 2022. In general, imports saw a precipitous curtailment. The pace of growth was the most pronounced in 2017 with an increase of 1,788%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Imports by Country
In 2022, India (X tons) constituted the largest supplier of pimenta pepper to Myanmar, accounting for a 81% share of total imports. Moreover, pimenta pepper imports from India exceeded the figures recorded by the second-largest supplier, Thailand (X kg), eightfold.
From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to -18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-19.6% per year) and Malaysia (-23.9% per year).
In value terms, India ($X), Malaysia ($X) and Thailand ($X) appeared to be the largest pimenta pepper suppliers to Myanmar.
In terms of the main suppliers, Malaysia, with a CAGR of -21.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.
Import Prices by Country
The average pimenta pepper import price stood at $X per ton in 2022, jumping by 17% against the previous year. In general, the import price, however, showed a abrupt decline. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($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 Malaysia (+3.1%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the pimenta pepper market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 689 - Pimento
Country coverage:
- Myanmar
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Myanmar
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Area Harvested, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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