Myanmar: Sesame Seed Market 2024

Sesame Seed Market Size in Myanmar

In 2022, the Myanmar's sesame seed market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Sesame Seed Production in Myanmar

In value terms, sesame seed production contracted to $X in 2022 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -14.7% against 2019 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 68% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

The average yield of sesame seed in Myanmar contracted slightly to X kg per ha in 2022, remaining constant against 2021. Overall, the yield continues to indicate a slight setback. The growth pace was the most rapid in 2019 when the yield increased by 3.1%. Over the period under review, the average sesame seed yield reached the maximum level at X kg per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure. 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 sesame seed production in Myanmar reached X ha, remaining constant against the previous year. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 3.2% against the previous year. Over the period under review, the harvested area dedicated to sesame seed production reached the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Sesame Seed Exports

Exports from Myanmar

In 2022, after three years of growth, there was significant decline in shipments abroad of sesame seed, when their volume decreased by -40.9% to X tons. In general, exports continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2013 when exports increased by 91% 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 lower figure.

In value terms, sesame seed exports reduced remarkably to $X in 2022. Overall, exports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2013 with an increase of 90% 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 somewhat lower figure.

Exports by Country

China (X tons) was the main destination for sesame seed exports from Myanmar, with a 79% share of total exports. Moreover, sesame seed exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), more than tenfold. Thailand (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-4.4% per year) and Thailand (+13.8% per year).

In value terms, China ($X) remains the key foreign market for sesame seed exports from Myanmar, comprising 79% of total exports. The second position in the ranking was held by Thailand ($X), with a 6.1% share of total exports. It was followed by Taiwan (Chinese), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+16.1% per year) and Taiwan (Chinese) (-2.6% per year).

Export Prices by Country

In 2022, the average sesame seed export price amounted to $X per ton, reducing by -28.5% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 73%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Thailand ($X per ton) and Japan ($X per ton), while the average price for exports to Singapore ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sesame Seed Imports

Imports into Myanmar

In 2022, approx. X tons of sesame seed were imported into Myanmar; reducing by -67.1% against the previous year. Over the period under review, imports, however, showed a tangible increase. The pace of growth was the most pronounced in 2019 when imports increased by 216% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, sesame seed imports reduced notably to $X in 2022. Overall, imports, however, saw a modest expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 220% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Paraguay (X tons) was the main supplier of sesame seed to Myanmar, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Paraguay stood at +42.5%.

In value terms, Paraguay ($X) constituted the largest supplier of sesame seed to Myanmar.

From 2012 to 2022, the average annual growth rate of value from Paraguay amounted to +51.9%.

Import Prices by Country

The average sesame seed import price stood at $X per ton in 2022, growing by 25% against the previous year. Overall, the import price, however, recorded a mild curtailment. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Paraguay.

From 2012 to 2022, the rate of growth in terms of prices for Paraguay amounted to +6.6% per year.

Source: IndexBox Platform

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