Price for Protein; Concentrates and Textured Protein Substances in Myanmar - 2023

Contents:

1. Price for Protein; Concentrates and Textured Protein Substances in Myanmar (CIF) - 2022
2. Price for Protein; Concentrates and Textured Protein Substances in Myanmar (FOB) - 2022
3. Imports of Protein; Concentrates and Textured Protein Substances in Myanmar
4. Exports of Protein; Concentrates and Textured Protein Substances in Myanmar

Price for Protein; Concentrates and Textured Protein Substances in Myanmar (CIF) - 2022

In 2022, the average import price for protein; concentrates and textured protein substanceses amounted to $4,225 per ton, jumping by 27% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 89% against the previous year. The import price peaked at $8,586 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($16,924 per ton), while the price for China ($3,165 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+38.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Protein; Concentrates and Textured Protein Substances in Myanmar (FOB) - 2022

The average export price for protein; concentrates and textured protein substanceses stood at $500 per ton in 2022, which is down by -77.3% against the previous year. In general, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 99% against the previous year. Over the period under review, the average export prices attained the maximum at $2,285 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +9.1% per year.

Imports of Protein; Concentrates and Textured Protein Substances in Myanmar

In 2022, imports of protein; concentrates and textured protein substanceses into Myanmar expanded sharply to 86 tons, growing by 14% on the previous year's figure. Overall, imports, however, continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2021 when imports increased by 56% against the previous year.

In value terms, imports of protein; concentrates and textured protein substanceses skyrocketed to $362K in 2022. Over the period under review, imports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 66%.

Top Suppliers of Protein; Concentrates and Textured Protein Substances to Myanmar in 2022:

1. China (67.0 tons)
2. Thailand (9.6 tons)
3. Ireland (5.2 tons)
4. United States (3.3 tons)

Exports of Protein; Concentrates and Textured Protein Substances in Myanmar

In 2022, exports of protein; concentrates and textured protein substanceses from Myanmar skyrocketed to 7.2 tons, increasing by 12,314% against the previous year. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of protein; concentrates and textured protein substanceses skyrocketed to $3.6K in 2022. In general, exports continue to indicate significant growth.

Top Export Markets for Protein; Concentrates and Textured Protein Substances from Myanmar in 2022:

1. Malaysia (7.2 tons)

Source: IndexBox Market Intelligence Platform