Myanmar: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Myanmar

The Myanmar's spirits and liqueurs market expanded notably to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Spirits And Liqueurs Production in Myanmar

In value terms, spirits and liqueurs production rose markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Spirits And Liqueurs Exports

Exports from Myanmar

In 2022, after three years of growth, there was significant decline in shipments abroad of spirits, liqueurs and other spirituous beverages, when their volume decreased by X% to X litres. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at X litres in 2021, and then dropped markedly in the following year.

In value terms, spirits and liqueurs exports dropped notably to $X in 2022. Overall, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2021, and then fell markedly in the following year.

Exports by Country

Thailand (X litres) was the main destination for spirits and liqueurs exports from Myanmar, with a X% share of total exports. Moreover, spirits and liqueurs exports to Thailand exceeded the volume sent to the second major destination, South Korea (X litres), tenfold. India (X litres) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and India (X% per year).

In value terms, Thailand ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Myanmar, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average spirits and liqueurs export price stood at $X per litre in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. The export price peaked at $X per litre in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

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 mixed trend patterns.

Spirits And Liqueurs Imports

Imports into Myanmar

In 2022, the amount of spirits, liqueurs and other spirituous beverages imported into Myanmar fell markedly to X litres, declining by X% on the previous year. In general, imports, however, saw significant growth. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked at X litres in 2021, and then plummeted in the following year.

In value terms, spirits and liqueurs imports stood at $X in 2022. Overall, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the UK (X litres) constituted the largest supplier of spirits and liqueurs to Myanmar, with a X% share of total imports. Moreover, spirits and liqueurs imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X litres), threefold. The third position in this ranking was taken by Singapore (X litres), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Singapore (X% per year).

In value terms, the UK ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Myanmar, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports. It was followed by Singapore, with a X% share.

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

Import Prices by Country

The average spirits and liqueurs import price stood at $X per litre in 2022, jumping by X% against the previous year. In general, the import price, however, saw a abrupt downturn. The import price peaked at $X per litre in 2015; however, from 2016 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 the United Arab Emirates ($X per litre), while the price for the United States ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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