Myanmar: Root And Tuber Market 2024

Root And Tuber Market Size in Myanmar

The Myanmar's root and tuber market dropped slightly to $X in 2022, falling by X% against the previous year. Overall, consumption continues to indicate a deep reduction. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Root And Tuber Production in Myanmar

In value terms, root and tuber production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

In 2022, the average yield of roots and tubers in Myanmar contracted modestly to X tons per ha, approximately mirroring 2021 figures. In general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by X%. Over the period under review, the average root and tuber yield attained the peak level at X tons per ha in 2015; however, from 2016 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.

The root and tuber harvested area in Myanmar totaled X ha in 2022, leveling off at 2021. Overall, the harvested area, however, showed a noticeable slump. Over the period under review, the harvested area dedicated to root and tuber production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Root And Tuber Exports

Exports from Myanmar

In 2022, shipments abroad of roots and tubers increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, root and tuber exports amounted to $X in 2022. Over the period under review, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2013; afterwards, it flattened through to 2022.

Exports by Country

Thailand (X tons), China (X tons) and Bangladesh (X tons) were the main destinations of root and tuber exports from Myanmar, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for root and tuber exported from Myanmar were China ($X), Thailand ($X) and Bangladesh ($X), together comprising X% of total exports.

Bangladesh, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average root and tuber export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2014 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 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 South Korea ($X per ton), while the average price for exports to Bangladesh ($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 Indonesia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Root And Tuber Imports

Imports into Myanmar

In 2022, overseas purchases of roots and tubers 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 deep reduction. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, root and tuber imports shrank markedly to $X in 2022. In general, imports faced a sharp setback. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest root and tuber supplier to Myanmar, with a X% share of total imports. Moreover, root and tuber imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and the United States (X% per year).

In value terms, the largest root and tuber suppliers to Myanmar were China ($X), the United States ($X) and Vietnam ($X), with a combined X% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average root and tuber import price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price saw a pronounced reduction. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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