Price for Flours and Meals; of Soya Beans in Myanmar - 2022

Contents:

1. Price for Flours and Meals; of Soya Beans in Myanmar (FOB) - 2022
2. Exports of Flours and Meals; of Soya Beans in Myanmar

Price for Flours and Meals; of Soya Beans in Myanmar (FOB) - 2022

In 2022, the average export price for flours and meals; of soya beanses amounted to $2,365 per ton, remaining relatively unchanged against the previous year. Overall, the export price recorded a strong increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 15% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($2,937 per ton), while the average price for exports to Singapore ($556 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Exports of Flours and Meals; of Soya Beans in Myanmar

In 2022, the amount of flours and meals; of soya beanses exported from Myanmar amounted to 576 kg, remaining constant against the previous year's figure. In general, exports showed a dramatic downturn. The smallest decline of 99.9% was in 2021.

In value terms, exports of flours and meals; of soya beanses amounted to $1.4K in 2022. Over the period under review, exports continue to indicate a dramatic contraction. The smallest decline of 99.9% was in 2021.

Top Export Markets for Flours and Meals; of Soya Beans from Myanmar in 2022:

1. South Korea (318.0 kg)
2. Malaysia (177.0 kg)
3. Singapore (81.0 kg)

Source: IndexBox Market Intelligence Platform