Report Update Nov 1, 2024

Myanmar - Soybean Oilcake - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Soybean Oilcake Market 2024

Soybean Oilcake Market Size in Myanmar

In 2021, the Myanmar's soybean oilcake market decreased by 0% to $X, falling for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a dramatic descent. The pace of growth appeared the most rapid in 2020 when the market value decreased by 99.9% against the previous year. Soybean oilcake consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Soybean Oilcake Production in Myanmar

In value terms, soybean oilcake production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, showed a drastic downturn. The pace of growth was the most pronounced in 2019 when the production volume increased by 46% against the previous year. Soybean oilcake production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Soybean Oilcake Exports

Exports from Myanmar

In 2021, overseas shipments of soybean oilcake decreased by 0% to X tons, falling for the second consecutive year after two years of decline. In general, exports enjoyed a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, soybean oilcake exports stood at $X in 2021. Overall, exports enjoyed temperate growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) was the main destination for soybean oilcake exports from Myanmar, with a approx. 100% share of total exports.

From 2017 to 2021, the average annual growth rate of volume to India amounted to +44.5%.

From 2017 to 2021, the average annual rate of growth in terms of value to India stood at +44.5%.

Export Prices by Country

In 2021, the average soybean oilcake export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price showed a dramatic slump. The pace of growth was the most pronounced in 2020 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2017 to 2021, the rate of growth in terms of prices for Vietnam amounted to 0.0% per year.

Soybean Oilcake Imports

Imports into Myanmar

In 2021, supplies from abroad of soybean oilcake increased by 70% to X tons, rising for the third year in a row after two years of decline. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 190%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, soybean oilcake imports soared to $X in 2021. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 161%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Brazil (X tons) and Argentina (X tons) were the main suppliers of soybean oilcake imports to Myanmar, with a combined 72% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +97.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the United States ($X) and Argentina ($X) were the largest soybean oilcake suppliers to Myanmar, with a combined 76% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +91.7%, saw the highest growth rate of 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

The average soybean oilcake import price stood at $X per ton in 2021, with an increase of 26% against the previous year. In general, the import price, however, showed a slight decline. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Argentina ($X per ton) and Brazil ($X per ton), while the price for Malaysia ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for soybean oilcake in the world?

The country with the largest volume of soybean oilcake consumption was China, comprising approx. 17% of total volume. Moreover, soybean oilcake 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 6.8% share.

What are the largest producers of soybean oilcake in the world?

The countries with the highest volumes of in 2021 were China, the United States and Argentina, together accounting for 39% of global production. Brazil, India, Japan, Russia, Germany, Bangladesh, Nigeria and Pakistan lagged somewhat behind, together accounting for a further 33%.

What are the leading suppliers of soybean oilcake to Myanmar?

In value terms, the United States constituted the largest supplier of soybean oilcake to Myanmar, comprising 53% of total imports. The second position in the ranking was occupied by Brazil, with a 22% share of total imports. It was followed by China, with a 9.5% share.

What is the average export price for soybean oilcake in Myanmar?

In 2020, the average soybean oilcake export price amounted to $510 per ton, remaining constant against the previous year.

What is the average import price for soybean oilcake in Myanmar?

In 2021, the average soybean oilcake import price amounted to $402 per ton, remaining constant against the previous year.

This report provides an in-depth analysis of the soybean oilcake 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 10414130 - Oilcake and other solid residues resulting from the extraction of soya-bean oil

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