Report Update Nov 1, 2024

Myanmar - Prepared Mustard - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Prepared Mustard Market 2024

Prepared Mustard Market Size in Myanmar

The Myanmar's prepared mustard market dropped sharply to less than $X in 2021, with a decrease of 99.9% against the previous year. In general, consumption, however, faced a sharp setback. The pace of growth was the most pronounced in 2020 with a decrease of -68.8% against the previous year. Prepared mustard consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Prepared Mustard Production in Myanmar

In value terms, prepared mustard production reached $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.1% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 59% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Prepared Mustard Exports

Exports from Myanmar

In 2020, approx. X tons of prepared mustard were exported from Myanmar; with a decrease of -50.5% against the previous year's figure. Overall, exports recorded a precipitous shrinkage. Over the period under review, the exports attained the maximum at X tons in 2019, and then reduced markedly in the following year.

In value terms, prepared mustard exports reduced sharply to $X in 2020. Over the period under review, exports saw a precipitous decrease. The exports peaked at $X in 2019, and then reduced markedly in the following year.

Exports by Country

South Korea (X tons) was the main destination for prepared mustard exports from Myanmar, accounting for a 95% share of total exports. Moreover, prepared mustard exports to South Korea exceeded the volume sent to the second major destination, Malaysia (X tons), more than tenfold.

From 2019 to 2020, the average annual rate of growth in terms of volume to South Korea totaled -52.7%.

In value terms, South Korea ($X) remains the key foreign market for prepared mustard exports from Myanmar, comprising 95% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 4.5% share of total exports.

From 2019 to 2020, the average annual growth rate of value to South Korea amounted to -85.0%.

Export Prices by Country

The average prepared mustard export price stood at $X per ton in 2020, declining by -68.3% against the previous year. In general, the export price recorded a sharp shrinkage. The export price peaked at $X per ton in 2019, and then contracted markedly in the following year.

Average prices varied noticeably for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Malaysia totaled $X per ton.

From 2019 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-68.3%).

Prepared Mustard Imports

Imports into Myanmar

In 2021, purchases abroad of prepared mustard decreased by -39.4% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by 21,754% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, prepared mustard imports reduced notably to $X in 2021. Over the period under review, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2014 when imports increased by 23,693%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), France (X tons) and Thailand (X tons) were the main suppliers of prepared mustard imports to Myanmar, with a combined 64% share of total imports. These countries were followed by South Korea and Japan, which together accounted for a further 3.7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +63.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared mustard suppliers to Myanmar were France ($X), the Netherlands ($X) and Thailand ($X), with a combined 60% share of total imports.

France, with a CAGR of +61.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average prepared mustard import price amounted to $X per ton, increasing by 4.8% against the previous year. Overall, the import price posted a strong increase. The growth pace was the most rapid in 2018 when the average import price increased by 194%. The import price peaked in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+32.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for prepared mustard in the world?

The country with the largest volume of prepared mustard consumption was China, accounting for 14% of total volume. Moreover, prepared mustard consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of prepared mustard in the world?

The countries with the highest volumes of prepared mustard production in 2021 were China, the United States and India, together accounting for 27% of global production. These countries were followed by Pakistan, Japan, Nigeria, Bangladesh, Brazil, Indonesia, Russia, France, Ethiopia and Germany, which together accounted for a further 29%.

What are the leading suppliers of prepared mustard to Myanmar?

In value terms, Thailand constituted the largest supplier of prepared mustard to Myanmar, comprising 51% of total imports. The second position in the ranking was occupied by France, with a 22% share of total imports. It was followed by the Netherlands, with an 8.7% share.

What are the leading importers of prepared mustard from Myanmar?

In value terms, Singapore remains the key foreign market for prepared mustard exports from Myanmar.

What is the average export price for prepared mustard in Myanmar?

The average prepared mustard export price stood at $475 per ton in 2021, rising by 11% against the previous year.

What is the average import price for prepared mustard in Myanmar?

The average prepared mustard import price stood at $2,217 per ton in 2021, dropping by -22.4% against the previous year.

This report provides an in-depth analysis of the prepared mustard 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:

Prodcom 10841253 - Mustard flour and meal
Prodcom 10841255 - Prepared mustard

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023