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Myanmar - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSoya Bean Price in Myanmar - 2022
Contents:
- Soya Bean Price in Myanmar (CIF) - 2022
- Soya Bean Price in Myanmar (FOB) - 2022
- Soya Bean Imports in Myanmar
- Soya Bean Exports in Myanmar
Soya Bean Price in Myanmar (CIF) - 2022
In 2022, the average soya bean import price amounted to $820 per ton, increasing by 37% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, soya bean import price increased by +105.2% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of 38% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($999 per ton), while the price for the United States stood at $781 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Soya Bean Price in Myanmar (FOB) - 2022
The average soya bean export price stood at $730 per ton in 2022, growing by 21% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2013 when the average export price increased by 37% against the previous year. As a result, the export price reached the peak level of $774 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Nepal.
From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +4.9% per year.
Soya Bean Imports in Myanmar
In 2022, overseas purchases of soya beans decreased by -55.5% to 7.3K tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2020 when imports increased by 39% against the previous year. As a result, imports reached the peak of 22K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, soya bean imports declined rapidly to $6M in 2022. Over the period under review, imports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2020 with an increase of 43% against the previous year.
Import of Soya Bean in Myanmar (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1.6 | 8.8 | 8.5 | 4.7 | 43.2% |
Canada | 0.6 | 0.5 | 1.0 | 1.3 | 29.4% |
Brazil | 4.2 | N/A | N/A | N/A | 0% |
Others | 0.2 | N/A | 0.3 | N/A | 22.5% |
Total | 6.5 | 9.3 | 9.8 | 6.0 | -2.6% |
Top Suppliers of Soya Bean to Myanmar in 2022:
- United States (6.0K tons)
- Canada (1.3K tons)
Soya Bean Exports in Myanmar
In 2022, exports of soya beans from Myanmar shrank dramatically to 230 tons, dropping by -92.1% on 2021 figures. Overall, exports recorded a sharp decline. The growth pace was the most rapid in 2021 when exports increased by 0.9%.
In value terms, soya bean exports dropped markedly to $168K in 2022. Over the period under review, exports showed a dramatic contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 9.9% against the previous year.
Export of Soya Bean in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Nepal | N/A | N/A | N/A | 168 | 0% |
Thailand | 11.0 | 285 | 161 | N/A | 282.6% |
China | 588 | 336 | 766 | N/A | 14.1% |
Vietnam | 69.9 | 28.0 | 63.7 | N/A | -4.5% |
India | 694 | 926 | 729 | N/A | 2.5% |
Taiwan (Chinese) | 88.3 | 11.6 | 21.8 | N/A | -50.3% |
Others | 18.9 | 28.5 | 18.3 | 0.1 | -82.6% |
Total | 1,470 | 1,616 | 1,761 | 168 | -51.5% |
Top Export Markets for Soya Bean from Myanmar in 2022:
- Nepal (230.0 tons)
This report provides an in-depth analysis of the soya bean 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:
- FCL 236 - Soybeans
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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
This report provides an in-depth analysis of the soya bean market in Myanmar.
This report provides an in-depth analysis of the global soya bean market.
This report provides an in-depth analysis of the soya bean market in Myanmar.
This report provides an in-depth analysis of the global soya bean market.
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