Myanmar: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Myanmar

The Myanmar's pasta and couscous market reached $X in 2022, surging by 9.1% against the previous year. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -11.9% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Pasta And Couscous Production in Myanmar

In value terms, pasta and couscous production expanded rapidly to $X in 2022 estimated in export price. Overall, production saw a strong expansion. The growth pace was the most rapid in 2020 with an increase of 77%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Pasta And Couscous Exports

Exports from Myanmar

In 2022, approx. X tons of stuffed pasta and couscous were exported from Myanmar; surging by 46% compared with the previous year. Overall, exports saw significant growth. The growth pace was the most rapid in 2019 with an increase of 1,039% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, pasta and couscous exports soared to $X in 2022. In general, exports saw significant growth. The growth pace was the most rapid in 2017 with an increase of 1,035% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

The UK (X tons), Malaysia (X tons) and Japan (X tons) were the main destinations of pasta and couscous exports from Myanmar, together accounting for 37% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +242.4%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for stuffed pasta and couscous exports from Myanmar, comprising 49% of total exports. The second position in the ranking was held by Malaysia ($X), with a 13% share of total exports. It was followed by the UK, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to +276.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+58.2% per year) and the UK (+6.5% per year).

Export Prices by Country

In 2022, the average pasta and couscous export price amounted to $X per ton, waning by -18.7% against the previous year. In general, the export price saw a drastic downturn. The growth pace was the most rapid in 2018 when the average export price increased by 137%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the United States ($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 Japan (+10.0%), while the prices for the other major destinations experienced a decline.

Pasta And Couscous Imports

Imports into Myanmar

After two years of growth, overseas purchases of stuffed pasta and couscous decreased by -47.9% to X tons in 2022. Over the period under review, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 432%. Over the period under review, imports reached the maximum at X tons in 2021, and then dropped notably in the following year.

In value terms, pasta and couscous imports dropped remarkably to $X in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 432%. Over the period under review, imports hit record highs at $X in 2021, and then reduced notably in the following year.

Imports by Country

Indonesia (X tons), Thailand (X tons) and South Korea (X tons) were the main suppliers of pasta and couscous imports to Myanmar, together accounting for 90% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +105.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pasta and couscous suppliers to Myanmar were Indonesia ($X), Thailand ($X) and South Korea ($X), together comprising 94% of total imports.

Indonesia, with a CAGR of +95.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pasta and couscous import price amounted to $X per ton, surging by 1.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 57% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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