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Myanmar - Extracts, Essences And Concentrates Of Tea Or Mate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExtracts of Tea Price in Myanmar - 2022
Contents:
- Extracts of Tea Price in Myanmar (CIF) - 2022
- Extracts of Tea Price in Myanmar (FOB) - 2022
- Extracts of Tea Imports in Myanmar
- Extracts of Tea Exports in Myanmar
Extracts of Tea Price in Myanmar (CIF) - 2022
In December 2022, the average extracts of tea import price amounted to $7,245 per ton, jumping by 18% against the previous month. In general, the import price, however, recorded a noticeable reduction. The pace of growth appeared the most rapid in July 2022 an increase of 100% m-o-m. Over the period under review, average import prices hit record highs at $9,748 per ton in December 2021; however, from January 2022 to December 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($10,300 per ton), while the price for Malaysia ($1,000 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Thailand (+15.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Extracts of Tea Price in Myanmar (FOB) - 2022
In 2022, the average extracts of tea export price amounted to $2,161 per ton, falling by -37.2% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 69% against the previous year. Over the period under review, the average export prices attained the maximum at $7,489 per ton in 2013; however, from 2014 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 Vanuatu ($3,427 per ton), while the average price for exports to Australia ($659 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Solomon Islands (+3.5%), while the prices for the other major destinations experienced a decline.
Extracts of Tea Imports in Myanmar
In 2022, overseas purchases of extracts, essences and concentrates of tea or mate decreased by -10.4% to 1.4K tons, falling for the second consecutive year after two years of growth. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, imports attained the peak of 2.3K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, extracts of tea imports shrank to $12M in 2022. Over the period under review, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 3.6% against the previous year. As a result, imports reached the peak of $17M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Extracts of Tea in Myanmar (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 14.0 | 14.5 | 13.0 | 10.8 | -8.3% |
India | 1.1 | 1.5 | N/A | 0.6 | -18.3% |
Malaysia | 0.2 | N/A | 0.1 | 0.1 | -20.6% |
Thailand | 0.4 | 0.5 | 0.1 | 0.1 | -37.0% |
Vietnam | 0.3 | 0.1 | 0.1 | N/A | -42.3% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 16.0 | 16.6 | 13.4 | 11.8 | -9.7% |
Top Suppliers of Extracts of Tea to Myanmar in 2022:
- China (1228.9 tons)
- India (106.5 tons)
- Thailand (64.7 tons)
- Malaysia (27.1 tons)
- Vietnam (11.3 tons)
Extracts of Tea Exports in Myanmar
In 2022, exports of extracts, essences and concentrates of tea or mate from Myanmar shrank to 384 tons, with a decrease of -14.2% compared with 2021 figures. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 520%. As a result, the exports attained the peak of 447 tons, and then reduced in the following year.
In value terms, extracts of tea exports contracted dramatically to $830K in 2022. In general, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 296%. As a result, the exports reached the peak of $1.5M, and then reduced notably in the following year.
Export of Extracts of Tea in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 0.3 | N/A | 86.0 | 281 | 878.4% |
Solomon Islands | 215 | 215 | 441 | 233 | 2.7% |
Malaysia | 14.8 | 4.7 | 139 | 89.7 | 82.3% |
Vanuatu | N/A | 24.7 | 440 | 66.6 | 64.2% |
Vietnam | 8.4 | 7.9 | 82.3 | 43.8 | 73.4% |
United States | 202 | 9.8 | 45.6 | 38.7 | -42.4% |
Australia | N/A | 2.9 | 13.8 | 17.4 | 144.9% |
Thailand | N/A | N/A | N/A | 10.5 | 0% |
Singapore | N/A | 75.1 | 217 | 0.5 | -91.8% |
Others | 78.1 | 48.3 | 74.3 | 48.6 | -14.6% |
Total | 519 | 388 | 1,538 | 830 | 16.9% |
Top Export Markets for Extracts of Tea from Myanmar in 2022:
- China (139.7 tons)
- Malaysia (77.7 tons)
- Solomon Islands (71.2 tons)
- Australia (26.3 tons)
- Vanuatu (19.4 tons)
- Vietnam (14.4 tons)
- Thailand (12.0 tons)
- United States (11.5 tons)
- Singapore (0.2 tons)
This report provides an in-depth analysis of the extracts of tea 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 10831400 - Extracts, essences and concentrates of tea or mate, and preparations with a basis of these extracts, essences or concentrates, or with a basis of tea or mate
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
-
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
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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
-
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
-
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
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