Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Myanmar - 2023
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Myanmar (CIF) - 2022
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Myanmar (FOB) - 2022
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Myanmar
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Myanmar
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Myanmar (CIF) - 2022
The average import price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $13,917 per ton in 2022, reducing by -10.4% against the previous year. Overall, the import price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 64%. Over the period under review, average import prices hit record highs at $15,535 per ton in 2021, and then shrank in the following year.
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 Thailand ($14,463 per ton), while the price for China ($2,964 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+14.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Myanmar (FOB) - 2022
The average export price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $317 per ton in 2022, standing approx. at the previous year. In general, the export price recorded a abrupt slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by 431%. Over the period under review, the average export prices hit record highs at $3,806 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($351 per ton), while the average price for exports to the United States ($312 per ton) was amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+69.4%), while the prices for the other major destinations experienced a decline.
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Myanmar
In 2022, purchases abroad of soups and broths and preparations therefor; homogenised composite food preparationses decreased by -35.3% to 409 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of 632 tons, and then contracted remarkably in the following year.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses reduced remarkably to $5.7M in 2022. Over the period under review, imports, however, enjoyed a temperate expansion. The growth pace was the most rapid in 2021 when imports increased by 52%. As a result, imports attained the peak of $9.8M, and then dropped sharply in the following year.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 4.9 | 6.1 | 9.7 | 5.6 | 4.6% |
| Japan | 0.1 | N/A | N/A | N/A | 0% |
| China | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Taiwan (Chinese) | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 5.3 | 6.5 | 9.8 | 5.7 | 2.5% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Myanmar in 2022:
- Thailand (386.7 tons)
- China (10.3 tons)
- Taiwan (Chinese) (5.0 tons)
- Japan (1.3 tons)
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Myanmar
For the third consecutive year, Myanmar recorded decline in overseas shipments of soups and broths and preparations therefor; homogenised composite food preparationses, which decreased by 0% to 18 tons in 2022. Over the period under review, exports saw significant growth. The smallest decline of -79.1% was in 2020. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses totaled $5.6K in 2022. In general, exports recorded a precipitous curtailment. The smallest decline of -73.3% was in 2020.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.5 | 3.4 | N/A | 2.8 | -42.2% |
| Australia | 0.6 | 0.4 | N/A | 2.0 | 49.4% |
| Malaysia | N/A | N/A | N/A | 0.8 | 0% |
| Singapore | 0.9 | 0.5 | N/A | N/A | -44.4% |
| Others | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Total | 16.3 | 4.4 | N/A | 5.6 | -30.0% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Myanmar in 2022:
- United States (9.1 tons)
- Australia (6.3 tons)
- Malaysia (2.2 tons)
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