Price for Flour, Meal, and Flakes of Potatoes in Myanmar - 2023

Contents:

1. Price for Flour, Meal, and Flakes of Potatoes in Myanmar (CIF) - 2022
2. Price for Flour, Meal, and Flakes of Potatoes in Myanmar (FOB) - 2022
3. Imports of Flour, Meal, and Flakes of Potatoes in Myanmar
4. Exports of Flour, Meal, and Flakes of Potatoes in Myanmar

Price for Flour, Meal, and Flakes of Potatoes in Myanmar (CIF) - 2022

In 2022, the average import price for flour, meal, and flakes of potatoeses amounted to $1,220 per ton, waning by -2.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 83%. Over the period under review, average import prices attained the maximum at $1,281 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($1,580 per ton), while the price for Thailand ($768 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Flour, Meal, and Flakes of Potatoes in Myanmar (FOB) - 2022

In 2022, the average export price for flour, meal, and flakes of potatoeses amounted to $1,838 per ton, increasing by 42% against the previous year. Overall, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 66%. The export price peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2014 to 2022, the rate of growth in terms of prices for China amounted to +95.2% per year.

Imports of Flour, Meal, and Flakes of Potatoes in Myanmar

After two years of decline, overseas purchases of flour, meal, and flakes of potatoeses increased by 50% to 296 tons in 2022. In general, imports, however, showed a dramatic decrease.

In value terms, imports of flour, meal, and flakes of potatoeses surged to $361K in 2022. Over the period under review, imports, however, continue to indicate a sharp decline.

Top Suppliers of Flour, Meal, and Flakes of Potatoes to Myanmar in 2022:

1. Netherlands (160.0 tons)
2. Thailand (121.0 tons)
3. Poland (15.0 tons)

Exports of Flour, Meal, and Flakes of Potatoes in Myanmar

In 2022, overseas shipments of flour, meal, and flakes of potatoeses decreased by -99.5% to 136 kg, falling for the second year in a row after two years of growth. In general, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 1,609%. As a result, the exports reached the peak of 1K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of flour, meal, and flakes of potatoeses fell markedly to $250 in 2022. Overall, exports recorded a sharp descent. The pace of growth appeared the most rapid in 2020 with an increase of 2,737%. As a result, the exports attained the peak of $1.5M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Flour, Meal, and Flakes of Potatoes from Myanmar in 2022:

1. United States (136.0 kg)

Source: IndexBox Market Intelligence Platform