Myanmar: Spice Market 2025

Spice Market Size in Myanmar

In 2022, the Myanmar's spice market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, saw a pronounced descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Spice Production in Myanmar

In value terms, spice production rose modestly to $X in 2022 estimated in export price. In general, production, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The average yield of spices in Myanmar expanded markedly to X tons per ha in 2022, growing by X% on the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2019 when the yield increased by X%. Over the period under review, the average spice yield hit record highs in 2022 and is likely to continue growth in years to come. 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 spices production in Myanmar totaled X ha, with an increase of X% against the previous year. In general, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2018 to 2022, the growth of the spice harvested area remained at a somewhat lower figure.

Spice Exports

Exports from Myanmar

After two years of growth, overseas shipments of spices decreased by X% to X tons in 2022. Over the period under review, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, spice exports reduced remarkably to $X in 2022. Overall, exports, however, recorded perceptible growth. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at $X in 2021, and then contracted sharply in the following year.

Exports by Country

China (X tons), Thailand (X tons) and India (X tons) were the main destinations of spice exports from Myanmar, with a combined X% share of total exports. Bangladesh, Pakistan, Malaysia and Singapore lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), China ($X) and India ($X) were the largest markets for spice exported from Myanmar worldwide, with a combined X% share of total exports. Bangladesh, Malaysia, Pakistan and Singapore lagged somewhat behind, together accounting for a further X%.

Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spice export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a 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 Thailand ($X per ton), while the average price for exports to Pakistan ($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 Thailand (X%), while the prices for the other major destinations experienced a decline.

Spice Imports

Imports into Myanmar

In 2022, overseas purchases of spices were finally on the rise to reach X tons after two years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, spice imports soared to $X in 2022. Overall, imports, however, faced a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Nepal (X tons), India (X tons) and Vietnam (X tons) were the main suppliers of spice imports to Myanmar, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of X.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Vietnam ($X) and Indonesia ($X) constituted the largest spice suppliers to Myanmar, together comprising X% of total imports. Nepal, China, Nigeria and Pakistan lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Nepal, with a CAGR of X.0%, recorded 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

The average spice import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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