Report Update Nov 1, 2024

Myanmar - Sunflower-Seed and Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Market for Sunflower-Seed And Safflower Oil 2024

Market Size for Sunflower-Seed And Safflower Oil in Myanmar

In 2022, the Myanmar's sunflower-seed and safflower oil market decreased by -14.5% to $X, falling for the second year in a row after three years of growth. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Sunflower-Seed And Safflower Oil in Myanmar

In value terms, sunflower-seed and safflower oil production rose sharply to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2020 with an increase of 48% against the previous year. Sunflower-seed and safflower oil production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Sunflower-Seed And Safflower Oil

Exports from Myanmar

In 2019, the amount of sunflower-seed and safflower oil exported from Myanmar shrank dramatically to X tons, declining by -75.6% compared with the year before. Overall, exports faced a sharp curtailment. Over the period under review, the exports reached the maximum at X tons in 2018, and then fell notably in the following year.

In value terms, sunflower-seed and safflower oil exports dropped dramatically to $X in 2019. In general, exports faced a precipitous decline. Over the period under review, the exports hit record highs at $X in 2018, and then declined significantly in the following year.

Exports by Country

China (X tons) was the main destination for sunflower-seed and safflower oil exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2018 to 2019, the average annual rate of growth in terms of volume to China amounted to -75.6%.

In value terms, China ($X) also remains the key foreign market for sunflower-seed and safflower oil exports from Myanmar.

From 2018 to 2019, the average annual growth rate of value to China totaled -78.6%.

Export Prices by Country

In 2019, the average sunflower-seed and safflower oil export price amounted to $X per ton, shrinking by -12.3% against the previous year. In general, the export price faced a abrupt descent. The export price peaked at $X per ton in 2018, and then dropped in the following year.

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

From 2018 to 2019, the rate of growth in terms of prices for China amounted to -12.3% per year.

Imports of Sunflower-Seed And Safflower Oil

Imports into Myanmar

In 2022, purchases abroad of sunflower-seed and safflower oil decreased by -48.9% to X tons, falling for the second year in a row after nine years of growth. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 385% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, sunflower-seed and safflower oil imports shrank rapidly to $X in 2022. Overall, imports, however, saw a significant increase. The growth pace was the most rapid in 2018 when imports increased by 381% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), Turkey (X tons) and Ukraine (X tons) were the main suppliers of sunflower-seed and safflower oil imports to Myanmar, together accounting for 80% of total imports. India, Malaysia and Russia lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +113.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Thailand ($X) and Ukraine ($X) were the largest sunflower-seed and safflower oil suppliers to Myanmar, together comprising 75% of total imports. India, Malaysia and Russia lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, India, with a CAGR of +122.5%, 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

In 2022, the average sunflower-seed and safflower oil import price amounted to $X per ton, jumping by 30% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 35% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sunflower-seed and safflower oil in the world?

The countries with the highest volumes of in 2021 were Russia, India and Ukraine, together comprising 33% of global consumption.

What are the largest producers of sunflower-seed and safflower oil in the world?

The countries with the highest volumes of in 2021 were Ukraine, Russia and Argentina, together comprising 65% of global production. Turkey, Hungary, Bulgaria, Romania, France, Spain and Kazakhstan lagged somewhat behind, together comprising a further 20%.

What are the leading suppliers of sunflower-seed and safflower oil to Myanmar?

In value terms, Ukraine, Turkey and Thailand appeared to be the largest sunflower-seed and safflower oil suppliers to Myanmar, together accounting for 83% of total imports. Malaysia, India and Russia lagged somewhat behind, together comprising a further 15%.

What are the leading importers of sunflower-seed and safflower oil from Myanmar?

In value terms, Singapore remains the key foreign market for sunflower-seed and safflower oil exports from Myanmar.

What is the average export price for sunflower-seed and safflower oil in Myanmar?

The average sunflower-seed and safflower oil export price stood at $615 per ton in 2021, dropping by -2.8% against the previous year.

What is the average import price for sunflower-seed and safflower oil in Myanmar?

The average sunflower-seed and safflower oil import price stood at $1,187 per ton in 2021, increasing by 5.4% against the previous year.

This report provides an in-depth analysis of the market for sunflower-seed and safflower oil 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:

FCL 268 - Oil of Sunflower Seed
FCL 281 - Oil of Safflower Seed

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