Myanmar: Chili And Pepper Market 2024

Chili And Pepper Market Size in Myanmar

The Myanmar's chili and pepper market declined rapidly to $X in 2023, dropping by X% against the previous year. In general, consumption showed a abrupt downturn. Chili and pepper consumption peaked at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Chili And Pepper Production in Myanmar

In value terms, chili and pepper production stood at $X in 2023 estimated in export price. Over the period under review, production, however, saw a perceptible expansion. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

In 2023, the average yield of chilies and peppers (green) in Myanmar stood at less than X kg per ha, flattening at the previous year. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The chili and pepper harvested area in Myanmar totaled less than X ha in 2023, therefore, remained relatively stable against 2022 figures. Overall, the harvested area showed a relatively flat trend pattern.

Chili And Pepper Exports

Exports from Myanmar

In 2023, approx. X tons of chilies and peppers (green) were exported from Myanmar; with a decrease of X% on the previous year. Overall, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2022, and then reduced remarkably in the following year.

In value terms, chili and pepper exports contracted dramatically to $X in 2023. Over the period under review, exports, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then contracted remarkably in the following year.

Exports by Country

Thailand (X tons) was the main destination for chili and pepper exports from Myanmar, with a X% share of total exports. Moreover, chili and pepper exports to Thailand exceeded the volume sent to the second major destination, China (X tons), threefold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Thailand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and South Korea (X% per year).

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

From 2012 to 2023, the average annual growth rate of value to Thailand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and South Korea (X% per year).

Export Prices by Country

The average chili and pepper export price stood at $X per ton in 2023, which is down by X% against the previous year. In general, the export price saw a deep contraction. The growth pace was the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Chili And Pepper Imports

Imports into Myanmar

In 2022, after three years of decline, there was significant growth in overseas purchases of chilies and peppers (green), when their volume increased by X% to X tons. Overall, imports, however, faced a sharp contraction. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, chili and pepper imports surged to $X in 2022. Over the period under review, imports, however, showed a precipitous curtailment. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest chili and pepper supplier to Myanmar, accounting for a X% share of total imports. Moreover, chili and pepper imports from Thailand exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fourfold. The third position in this ranking was taken by Singapore (X tons), with a X% share.

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

In value terms, Thailand ($X), Malaysia ($X) and Australia ($X) constituted the largest chili and pepper suppliers to Myanmar, together comprising X% of total imports. Singapore lagged somewhat behind, accounting for a further X%.

Among the main suppliers, Singapore, 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 more modest paces of growth.

Import Prices by Country

The average chili and pepper import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price continues to indicate a mild increase. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Thailand ($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 a decline.

Source: IndexBox Platform