Myanmar: Vegetable Oils Market 2025

Vegetable Oils Market Size in Myanmar

In 2022, the Myanmar's vegetable oils market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption saw strong growth. Vegetable oils consumption peaked in 2022 and is expected to retain growth in years to come.

Vegetable Oils Production in Myanmar

In value terms, vegetable oils production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep setback. Vegetable oils production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Vegetable Oils Exports

Exports from Myanmar

In 2022, vegetable oils exports from Myanmar soared to X tons, increasing by X% on the previous year's figure. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, vegetable oils exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for vegetable oils exports from Myanmar, accounting for a X% share of total exports. Moreover, vegetable oils exports to China exceeded the volume sent to the second major destination, Thailand (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%.

In value terms, China ($X) remains the key foreign market for vegetable fats and oils exports from Myanmar, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China totaled X%.

Export Prices by Country

The average vegetable oils export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign 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 China stood at $X per ton.

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.

Vegetable Oils Imports

Imports into Myanmar

In 2022, overseas purchases of vegetable fats and oils decreased by X% to X tons, falling for the fourth consecutive year after seven years of growth. Over the period under review, imports saw a sharp downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable oils imports fell rapidly to $X in 2022. Overall, imports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), Malaysia (X tons) and India (X tons) were the main suppliers of vegetable oils imports to Myanmar, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X), Malaysia ($X) and India ($X) were the largest vegetable oils suppliers to Myanmar, together accounting for X% of total imports.

Among the main suppliers, India, with a CAGR of X%, 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 mixed trend patterns.

Import Prices by Country

The average vegetable oils import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

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

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

Source: IndexBox Platform

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