Starches; Inulin Price in Myanmar - 2022

Contents:

1. Starches; Inulin Price in Myanmar (CIF) - 2022
2. Starches; Inulin Price in Myanmar (FOB) - 2022
3. Starches; Inulin Imports in Myanmar
4. Starches; Inulin Exports in Myanmar

Starches; Inulin Price in Myanmar (CIF) - 2022

In December 2022, the average starches; inulin import price amounted to $535 per ton, shrinking by -7.4% against the previous month. Overall, the import price saw a mild descent. The growth pace was the most rapid in November 2022 when the average import price increased by 21% against the previous month. The import price peaked at $777 per ton in March 2022; however, from April 2022 to December 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was China ($995 per ton), while the price for Thailand ($415 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 the Netherlands (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Starches; Inulin Price in Myanmar (FOB) - 2022

In 2022, the average starches; inulin export price amounted to $322 per ton, growing by 5% against the previous year. In general, the export price, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2018 an increase of 23% against the previous year. Over the period under review, the average export prices attained the maximum at $532 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($336 per ton), while the average price for exports to China stood at $322 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-1.1%).

Starches; Inulin Imports in Myanmar

In 2022, the amount of starches; inulins imported into Myanmar soared to 14K tons, with an increase of 51% on 2021. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +9.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, starches; inulin imports soared to $9M in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Starches; Inulin to Myanmar in 2022:

1. Germany (undefinedK tons)
2. China (8.3K tons)
3. Thailand (2.9K tons)
4. Netherlands (1.1K tons)
5. India (1.1K tons)

Starches; Inulin Exports in Myanmar

In 2022, approx. 4.1K tons of starches; inulins were exported from Myanmar; increasing by 834% compared with 2021 figures. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, starches; inulin exports surged to $1.3M in 2022. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Starches; Inulin from Myanmar in 2022:

1. China (3.7K tons)
2. Malaysia (0.3K tons)

Source: IndexBox Market Intelligence Platform