Myanmar: Sweet Potato Market 2024

Sweet Potato Market Size in Myanmar

The Myanmar's sweet potato market was estimated at $X in 2021, remaining stable against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 4.5% against the previous year. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Sweet Potato Production in Myanmar

In value terms, sweet potato production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

In 2021, the average sweet potato yield in Myanmar amounted to X tons per ha, approximately mirroring the year before. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 5.8% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2021, the growth of the average sweet potato yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of sweet potatoes production in Myanmar reduced to X ha, remaining constant against the previous year's figure. Over the period under review, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 1.2%. The sweet potato harvested area peaked at X ha in 2016; however, from 2017 to 2021, the harvested area remained at a lower figure.

Sweet Potato Exports

Exports from Myanmar

In 2020, overseas shipments of sweet potatoes decreased by 0% to X tons, falling for the third year in a row after three years of growth. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 186% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2020, the growth of the exports remained at a lower figure.

In value terms, sweet potato exports stood at $X in 2020. Overall, exports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 94% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2020, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X kg) and Thailand (X kg) were the main destinations of sweet potato exports from Myanmar. Moreover, sweet potato exports in China exceeded the figures recorded by the second-largest exporter, Thailand, more than tenfold.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +2.7%).

In value terms, China ($X) and Thailand ($X) constituted the largest markets for sweet potato exported from Myanmar worldwide. Moreover, sweet potato exports in China exceeded the figures recorded by the second-largest exporter, Thailand, fivefold.

China, with a CAGR of -5.5%, saw 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.

Export Prices by Country

In 2021, the average sweet potato export price amounted to less than $X per ton, which is down by 99.9% against the previous year. In general, the export price saw a sharp contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 107%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+4.2%).

Sweet Potato Imports

Imports into Myanmar

In 2020, after two years of growth, there was significant decline in supplies from abroad of sweet potatoes, when their volume decreased by -41.5% to X tons. Over the period under review, imports, however, posted a significant expansion. The growth pace was the most rapid in 2016 with an increase of 3,781%. Imports peaked at X tons in 2019, and then declined rapidly in the following year.

In value terms, sweet potato imports declined to $X in 2020. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 1,753%. Over the period under review, imports reached the maximum at $X in 2019, and then fell in the following year.

Imports by Country

Vietnam (X tons) and Singapore (X tons) were the main suppliers of sweet potato imports to Myanmar.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +55.0%).

In value terms, the largest sweet potato suppliers to Myanmar were Vietnam ($X) and Singapore ($X).

Vietnam, with a CAGR of +43.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average sweet potato import price stood at less than $X per ton in 2021, shrinking by 99.9% against the previous year. Over the period under review, the import price saw a mild shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 61%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, 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 Vietnam ($X per ton), while the price for Singapore stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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