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Myanmar - Canned Vegetables - Market Analysis, Forecast, Size, Trends and Insights
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Canned Vegetable Market Size in Myanmar
In 2022, the Myanmar's canned vegetable market increased by 7.3% to $X, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.
Canned Vegetable Production in Myanmar
In value terms, canned vegetable production contracted to $X in 2022 estimated in export price. Overall, production, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 641% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.
Canned Vegetable Exports
Exports from Myanmar
In 2022, shipments abroad of canned vegetables was finally on the rise to reach X tons after three years of decline. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 4,503%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.
In value terms, canned vegetable exports reduced notably to $X in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 4,935%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.
Exports by Country
Malaysia (X tons) was the main destination for canned vegetable exports from Myanmar, accounting for a 49% share of total exports. Moreover, canned vegetable exports to Malaysia exceeded the volume sent to the second major destination, the United States (X tons), twofold. China (X tons) ranked third in terms of total exports with a 10% share.
From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+24.0% per year) and China (+28.5% per year).
In value terms, Malaysia ($X) emerged as the key foreign market for canned vegetables exports from Myanmar, comprising 48% of total exports. The second position in the ranking was taken by the United States ($X), with a 24% share of total exports. It was followed by Thailand, with a 13% share.
From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia stood at +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+38.2% per year) and Thailand (+6.6% per year).
Export Prices by Country
In 2022, the average canned vegetable export price amounted to $X per ton, declining by -43.8% against the previous year. Over the period under review, the export price continues to indicate a pronounced downturn. The growth pace was the most rapid in 2016 when the average export price increased by 606% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then shrank significantly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to China ($X 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 Thailand (+44.7%), while the prices for the other major destinations experienced more modest paces of growth.
Canned Vegetable Imports
Imports into Myanmar
In 2022, after five years of decline, there was significant growth in purchases abroad of canned vegetables, when their volume increased by 92% to X tons. Over the period under review, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 117% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.
In value terms, canned vegetable imports expanded rapidly to $X in 2022. Overall, imports continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2014 when imports increased by 78% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.
Imports by Country
In 2022, China (X tons) constituted the largest canned vegetable supplier to Myanmar, with a 75% share of total imports. Moreover, canned vegetable imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), ninefold. The United States (X tons) ranked third in terms of total imports with a 7.2% share.
From 2012 to 2022, the average annual growth rate of volume from China amounted to +66.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+8.0% per year) and the United States (+5.4% per year).
In value terms, China ($X) constituted the largest supplier of canned vegetables to Myanmar, comprising 49% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 21% share of total imports. It was followed by Thailand, with an 11% share.
From 2012 to 2022, the average annual growth rate of value from China stood at +44.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+2.4% per year) and Thailand (+32.3% per year).
Import Prices by Country
In 2022, the average canned vegetable import price amounted to $X per ton, dropping by -41.8% against the previous year. Over the period under review, the import price faced a abrupt decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by 18% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the canned vegetable 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 472 - Vegetables, Preserved nes (O/T vinegar)
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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