Myanmar: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Myanmar

In 2021, the Myanmar's market for protein concentrates and flavoured or coloured sugar syrups was finally on the rise to reach $X after three years of decline. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Myanmar

In value terms, production of protein concentrates and flavoured or coloured sugar syrups totaled $X in 2021 estimated in export price. Overall, the total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.2% 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 -32.1% against 2013 indices. The growth pace was the most rapid in 2013 with an increase of 64%. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Myanmar

In 2021, overseas shipments of protein concentrates and flavoured or coloured sugar syrups decreased by -46.4% to X tons, falling for the third consecutive year after two years of growth. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 4,490% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 3,780%. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for exports of protein concentrates and flavoured or coloured sugar syrups from Myanmar, accounting for a 87% share of total exports. Moreover, exports of protein concentrates and flavoured or coloured sugar syrups to Malaysia exceeded the volume sent to the second major destination, Latvia (X kg), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia stood at +34.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-77.6% per year) and Russia (0.0% per year).

In value terms, the largest markets for protein concentrate and flavoured or coloured sugar syrup exported from Myanmar were Russia ($X), Malaysia ($X) and Latvia ($X), with a combined 100% share of total exports.

In terms of the main countries of destination, Malaysia, with a CAGR of +28.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, jumping by 136% against the previous year. In general, the export price continues to indicate a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+33.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Myanmar

In 2021, the amount of protein concentrates and flavoured or coloured sugar syrups imported into Myanmar skyrocketed to X tons, growing by 73% against the year before. Over the period under review, imports, however, saw a dramatic setback. The most prominent rate of growth was recorded in 2019 with an increase of 352% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021. In general, imports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of 233% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Singapore (X tons) and Thailand (X tons) were the main suppliers of imports of protein concentrates and flavoured or coloured sugar syrups to Myanmar, together comprising 75% of total imports. These countries were followed by Australia, the United States, Ireland, Hungary and Indonesia, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +79.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest protein concentrate and flavoured or coloured sugar syrup suppliers to Myanmar were China ($X), Thailand ($X) and Singapore ($X), with a combined 63% share of total imports. These countries were followed by Ireland, Hungary, Australia, the United States and Indonesia, which together accounted for a further 18%.

In terms of the main suppliers, Ireland, with a CAGR of +112.9%, 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

In 2021, the average import price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, waning by -3.9% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for protein concentrates and flavoured or coloured sugar syrups decreased by -36.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 105%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+28.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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