Myanmar - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVegetable Oils Price in Myanmar - 2022
Contents:
- Vegetable Oils Price in Myanmar (CIF) - 2022
- Vegetable Oils Price in Myanmar (FOB) - 2022
- Vegetable Oils Imports in Myanmar
- Vegetable Oils Exports in Myanmar
Vegetable Oils Price in Myanmar (CIF) - 2022
The average vegetable oils import price stood at $1,757 per ton in 2022, growing by 52% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 74% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($9,303 per ton), while the price for Indonesia ($392 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Vegetable Oils Price in Myanmar (FOB) - 2022
In 2022, the average vegetable oils export price amounted to $1,178 per ton, surging by 4.9% against the previous year. In general, the export price, however, continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2021 when the average export price increased by 51%. The export price peaked at $1,693 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($1,400 per ton), while the average price for exports to China totaled $1,169 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-2.1%), while the prices for the other major destinations experienced a decline.
Vegetable Oils Imports in Myanmar
For the third year in a row, Myanmar recorded decline in supplies from abroad of vegetable fats and oils, which decreased by -49.5% to 2.7K tons in 2022. In general, imports showed a precipitous contraction. The smallest decline of -26.4% was in 2021.
In value terms, vegetable oils imports contracted dramatically to $4.7M in 2022. Over the period under review, imports faced a significant decrease. The smallest decline of -16.4% was in 2021.
| Import of Vegetable Oils in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 3.3 | 2.9 | 3.0 | 2.6 | -7.6% |
| Malaysia | 33.6 | 4.2 | 2.1 | 1.5 | -64.5% |
| India | N/A | N/A | 0.7 | 0.6 | -14.3% |
| Indonesia | 376 | N/A | 0.1 | 0.1 | -93.6% |
| Others | 0.6 | 0.2 | 0.1 | N/A | -59.2% |
| Total | 414 | 7.3 | 6.1 | 4.7 | -77.5% |
Top Suppliers of Vegetable Oils to Myanmar in 2022:
- Thailand (1300.6 tons)
- Malaysia (839.8 tons)
- India (374.4 tons)
- Indonesia (151.5 tons)
Vegetable Oils Exports in Myanmar
Vegetable oils exports from Myanmar skyrocketed to 834 tons in 2022, rising by 619% compared with 2021 figures. Overall, exports, however, recorded a dramatic decrease.
In value terms, vegetable oils exports skyrocketed to $982K in 2022. Over the period under review, exports, however, faced a dramatic curtailment.
| Export of Vegetable Oils in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.4 | 3.7 | 0.1 | 0.9 | -13.7% |
| Thailand | N/A | N/A | N/A | N/A | 0% |
| Switzerland | 0.9 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.2 | 3.8 | 0.1 | 1.0 | -23.1% |
Top Export Markets for Vegetable Oils from Myanmar in 2022:
- China (801.8 tons)
- Thailand (32.0 tons)
This report provides an in-depth analysis of the vegetable oils 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:
- Prodcom 10416050 - Vegetable fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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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 VOLUME AND VALUE
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
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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
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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
- 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
- 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
462
This report provides an in-depth analysis of the vegetable oils market in Myanmar.
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This report provides an in-depth analysis of the global vegetable oils market.
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This report provides an in-depth analysis of the vegetable oils market in Myanmar.
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This report provides an in-depth analysis of the animal fats market in Myanmar.
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This report provides an in-depth analysis of the global vegetable oils market.
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This report provides an in-depth analysis of the global animal fats market.
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This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
278
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
