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Myanmar - Condensed or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMyanmar: Market for Condensed Or Evaporated Milk (Sweetened) 2024
Market Size for Condensed Or Evaporated Milk (Sweetened) in Myanmar
In 2022, the Myanmar's market for condensed or evaporated milk (sweetened) decreased by -8.1% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, recorded a precipitous curtailment. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.
Production of Condensed Or Evaporated Milk (Sweetened) in Myanmar
In value terms, sweetened condensed and evaporated milk production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume decreased by 99.9%. Sweetened condensed and evaporated milk production peaked in 2022 and is expected to retain growth in the near future.
Exports of Condensed Or Evaporated Milk (Sweetened)
Exports from Myanmar
In 2022, the amount of condensed or evaporated milk (sweetened) exported from Myanmar reduced remarkably to X kg, falling by -96.2% on 2021. Over the period under review, exports faced a sharp reduction. The growth pace was the most rapid in 2019 with an increase of 1,052%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.
In value terms, sweetened condensed and evaporated milk exports fell dramatically to $X in 2022. Overall, exports saw a dramatic decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 933%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.
Exports by Country
Singapore (X kg) was the main destination for sweetened condensed and evaporated milk exports from Myanmar, with a approx. 100% share of total exports.
From 2012 to 2022, the average annual growth rate of volume to Singapore stood at -22.7%.
In value terms, Singapore ($X) emerged as the key foreign market for condensed or evaporated milk (sweetened) exports from Myanmar.
From 2012 to 2022, the average annual rate of growth in terms of value to Singapore totaled -25.8%.
Export Prices by Country
The average export price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, with a decrease of -24.7% against the previous year. In general, the export price showed a deep setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +17.9% per year.
Imports of Condensed Or Evaporated Milk (Sweetened)
Imports into Myanmar
Sweetened condensed and evaporated milk imports into Myanmar totaled X tons in 2022, with an increase of 1.8% on 2021. In general, imports, however, saw a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 33%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.
In value terms, sweetened condensed and evaporated milk imports reduced to $X in 2022. Overall, imports, however, recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 58%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.
Imports by Country
In 2022, Australia (X tons) was the main supplier of sweetened condensed and evaporated milk to Myanmar, accounting for a 97% share of total imports. It was followed by China (X tons), with a 2.3% share of total imports.
From 2012 to 2022, the average annual rate of growth in terms of volume from Australia amounted to +37.2%.
In value terms, Australia ($X) constituted the largest supplier of condensed or evaporated milk (sweetened) to Myanmar, comprising 96% of total imports. The second position in the ranking was taken by China ($X), with a 2.4% share of total imports.
From 2012 to 2022, the average annual growth rate of value from Australia stood at +26.4%.
Import Prices by Country
The average import price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, which is down by -9.7% against the previous year. In general, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 an increase of 21% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Australia amounted to $X per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-7.2%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk 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 889 - Whole Milk, Condensed
- FCL 896 - Skim Milk, Condensed
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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