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Myanmar - Soups And Broths - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoups Price in Myanmar - 2022
Contents:
- Soups Price in Myanmar (CIF) - 2022
- Soups Price in Myanmar (FOB) - 2022
- Soups Imports in Myanmar
- Soups Exports in Myanmar
Soups Price in Myanmar (CIF) - 2022
The average soups import price stood at $3,251 per ton in 2022, reducing by -6.6% against the previous year. Over the period under review, the import price continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2020 when the average import price increased by 17%. The import price peaked at $5,144 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($5,445 per ton), while the price for Japan ($2,576 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced a decline.
Soups Price in Myanmar (FOB) - 2022
In 2022, the average soups export price amounted to $3,221 per ton, approximately mirroring the previous year. Over the period under review, the export price posted a temperate expansion. The most prominent rate of growth was recorded in 2016 an increase of 194% against the previous year. As a result, the export price reached the peak level of $4,525 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($7,055 per ton), while the average price for exports to Singapore ($2,295 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 Australia (+18.2%), while the prices for the other major destinations experienced mixed trend patterns.
Soups Imports in Myanmar
Soups imports into Myanmar soared to 169 tons in 2022, with an increase of 121% on the previous year's figure. In general, imports saw a prominent increase.
In value terms, soups imports surged to $549K in 2022. Over the period under review, imports showed a resilient increase.
Import of Soups in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 224 | 349 | 190 | 300 | 10.2% |
Thailand | 58.5 | 276 | 60.0 | 169 | 42.4% |
China | 24.2 | 37.4 | 1.9 | 28.7 | 5.8% |
Taiwan (Chinese) | 10.1 | 35.1 | 5.0 | 21.5 | 28.6% |
Philippines | 78.7 | 92.4 | N/A | N/A | 17.4% |
Others | 12.0 | 42.0 | 8.2 | 29.2 | 34.5% |
Total | 408 | 832 | 265 | 549 | 10.4% |
Top Suppliers of Soups to Myanmar in 2022:
- Japan (116.5 tons)
- Thailand (31.0 tons)
- China (10.6 tons)
- Taiwan (Chinese) (4.9 tons)
Soups Exports in Myanmar
Soups exports from Myanmar reduced remarkably to 20 tons in 2022, falling by -48.4% against 2021 figures. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,637% against the previous year. As a result, the exports attained the peak of 38 tons, and then declined significantly in the following year.
In value terms, soups exports shrank remarkably to $63K in 2022. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 2,701% against the previous year. As a result, the exports reached the peak of $122K, and then fell remarkably in the following year.
Export of Soups in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 4.6 | 2.0 | 50.4 | 32.8 | 92.5% |
Australia | 3.1 | 1.7 | 57.1 | 20.6 | 88.0% |
United States | 6.7 | 0.2 | 4.9 | 3.1 | -22.7% |
Taiwan (Chinese) | 0.8 | 0.1 | 2.9 | 1.9 | 33.4% |
Others | 1.1 | 0.4 | 6.6 | 4.7 | 62.3% |
Total | 16.3 | 4.4 | 122 | 63.2 | 57.1% |
Top Export Markets for Soups from Myanmar in 2022:
- Singapore (14.3 tons)
- Australia (4.0 tons)
- United States (0.4 tons)
- Taiwan (Chinese) (0.3 tons)
This report provides an in-depth analysis of the soups 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 10891100 - Soups and broths and preparations therefor
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
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