Myanmar - Maize - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingMaize Price in Myanmar - 2022
Contents:
- Maize Price in Myanmar (FOB) - 2022
- Maize Price in Myanmar (CIF) - 2022
- Maize Exports in Myanmar
- Maize Imports in Myanmar
Maize Price in Myanmar (FOB) - 2022
The average maize export price stood at $302 per ton in December 2022, with an increase of 3.3% against the previous month. In general, the export price posted a modest expansion. The pace of growth was the most pronounced in May 2022 an increase of 68% against the previous month. As a result, the export price reached the peak level of $837 per ton. From June 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In December 2022, the highest price was recorded for prices to China ($309 per ton) and Bangladesh ($300 per ton), while the average price for exports to Vietnam ($292 per ton) and the Philippines ($292 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Maize Price in Myanmar (CIF) - 2022
The average maize import price stood at $2,077 per ton in December 2022, reducing by -74.6% against the previous month. In general, the import price saw a perceptible slump. The pace of growth was the most pronounced in November 2022 an increase of 214% m-o-m. As a result, import price attained the peak level of $8,175 per ton, and then reduced dramatically in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Thailand ($3,201 per ton), while the price for South Africa totaled $400 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Maize Exports in Myanmar
For the fourth year in a row, Myanmar recorded growth in shipments abroad of maize, which increased by 22% to 1.6M tons in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.3% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 45%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, maize exports expanded markedly to $658M in 2022. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 62%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Maize in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 106 | 264 | 446 | 358 | 50.0% |
| Vietnam | 0.9 | 10.7 | 69.4 | 132 | 427.4% |
| Philippines | 38.0 | 36.8 | 85.3 | 85.1 | 30.8% |
| China | 74.0 | 21.5 | 5.0 | 51.9 | -11.2% |
| Bangladesh | N/A | 2.9 | 9.1 | 28.1 | 211.3% |
| India | 13.8 | 44.6 | 0.5 | N/A | -81.0% |
| Others | 3.7 | 2.0 | 0.9 | 3.2 | -4.7% |
| Total | 237 | 383 | 616 | 658 | 40.5% |
Top Export Markets for Maize from Myanmar in 2022:
- Thailand (508.2K tons)
- Vietnam (468.7K tons)
- Philippines (286.9K tons)
- China (176.7K tons)
- Bangladesh (98.4K tons)
Maize Imports in Myanmar
In 2022, supplies from abroad of maize decreased by -13.8% to 14K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 50% against the previous year. As a result, imports reached the peak of 16K tons, and then reduced in the following year.
In value terms, maize imports expanded remarkably to $43M in 2022. The total import value increased at an average annual rate of +7.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.
| Import of Maize in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 22.6 | 16.8 | 20.3 | 22.0 | -0.9% |
| Thailand | 12.0 | 15.4 | 19.6 | 21.3 | 21.1% |
| South Africa | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Others | 0.2 | 0.2 | 0.1 | N/A | -29.3% |
| Total | 35.0 | 32.5 | 40.1 | 43.4 | 7.4% |
Top Suppliers of Maize to Myanmar in 2022:
- India (7.1K tons)
- Thailand (6.9K tons)
- South Africa (0.2K tons)
This report provides an in-depth analysis of the maize market 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 56 - Maize
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- 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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
1365
This report provides an in-depth analysis of the maize market in Myanmar.
341
This report provides an in-depth analysis of the grain market in Myanmar.
7633
This report provides an in-depth analysis of the global maize market.
3944
This report provides an in-depth analysis of the global grain market.
1365
This report provides an in-depth analysis of the maize market in Myanmar.
7633
This report provides an in-depth analysis of the global maize market.
1642
The global maize market contracted to $404.6B in 2021, declining by -6.1% against the previous year.
1537
The global maize market is expected to reach a production volume of more than 1.2 billion metric tons by the end of 2025.
523
In 2022, corn prices are projected to drop by approximately 10% y/y due to an expected all-time record high global production, which is to reach 1.2B tons. This forecast is subject to a number of risks, such as volatile fertilizer and energy prices, high freight rates, biofuel policies and weather conditions.
1287
Driven by rising demand from the food industry and favourable weather, global corn production increased significantly in 2020. The rise in prices made the raw corn-based production of bioethanol unprofitable amid the low cost of traditional fuels due to the pandemic, resulting in the closure of some distilleries. In the future, the growing demand for alternative fuels is expected to offset this shift and promote the corn market.
1512
Global Maize Market: In 2017, the global maize market amounted to X tons, posting solid average +X% gains over the last decade. Since 2013, consumption growth has accelerated, against rising demand and a long
1010
The U.S. was the key world maize producing country with an output of about X tons in 2016, which accounted for X% of total global output. The other major producers were China (X%), Brazil (X%) and Ukraine (X>
5395
Global maize consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
1365
In 2015, the countries with the highest levels of maize production were the United States (X thousand tons), China (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
1209
Designed to bring an unforgettable experience for children and adults alike, the Amaizing-Acres corn maze is certainly a place to visit this fall, a unique opportunity to enjoy a family get away surrounded by nature.
245
Explore the top import markets for grain, including China, Japan, Mexico, and more. Learn about the key statistics and market trends in the global grain import industry.
