Myanmar: Vegetable Market 2024

Vegetable Market Size in Myanmar

In 2022, the Myanmar's vegetable market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption showed a slight downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Vegetable Production in Myanmar

In value terms, vegetable production reduced modestly to $X in 2022 estimated in export price. In general, production saw a perceptible descent. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of vegetables in Myanmar contracted slightly to X tons per ha, stabilizing at 2021 figures. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the yield increased by X% against the previous year. Over the period under review, the average vegetable yield reached the peak level at X tons per ha in 2015; however, from 2016 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of vegetables in Myanmar contracted modestly to X ha, approximately mirroring the year before. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2016 to 2022, the growth of the vegetable harvested area failed to regain momentum.

Vegetable Exports

Exports from Myanmar

In 2022, the amount of vegetables exported from Myanmar rose markedly to X tons, growing by X% against the year before. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, vegetable exports fell modestly to $X in 2022. Over the period under review, exports saw buoyant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) and China (X tons) were the main destinations of vegetable exports from Myanmar.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of X%).

In value terms, the largest markets for vegetable exported from Myanmar were Thailand ($X) and China ($X).

Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average vegetable export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Thailand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%).

Vegetable Imports

Imports into Myanmar

Vegetable imports into Myanmar fell to X tons in 2022, waning by X% on 2021. Over the period under review, imports saw a sharp descent. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, vegetable imports fell notably to $X in 2022. In general, imports showed a abrupt contraction. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X tons) constituted the largest vegetable supplier to Myanmar, with a X% share of total imports. Moreover, vegetable imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of vegetables to Myanmar, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average vegetable import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price, however, enjoyed a mild increase. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 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 Thailand ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :