Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Myanmar - 2023
Contents:
- Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Myanmar (FOB) - 2022
- Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Myanmar
Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Myanmar (FOB) - 2022
The average export price for oil seeds; cotton seeds, other than seed, whether or not broken stood at $691 per ton in 2022, declining by -44.7% against the previous year. Overall, the export price, however, saw prominent growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 166%. Over the period under review, the average export prices reached the maximum at $1,250 per ton in 2021, and then shrank significantly in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($928 per ton), while the average price for exports to China ($672 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 Italy (+58.3%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Myanmar
In 2022, approx. 759 tons of oil seeds; cotton seeds, other than seed, whether or not broken were exported from Myanmar; growing by 679% compared with 2021. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of oil seeds; cotton seeds, other than seed, whether or not broken skyrocketed to $525K in 2022. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 960% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 31.5 | 4.9 | 54.2 | 356 | 124.4% |
| Thailand | 39.9 | 6.0 | 66.5 | 134 | 49.8% |
| Taiwan (Chinese) | N/A | 0.5 | N/A | 27.9 | 647.0% |
| Italy | 11.1 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.1 | 1.3 | 7.2 | 188.4% |
| Total | 82.8 | 11.5 | 122 | 525 | 85.1% |
Top Export Markets for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken from Myanmar in 2022:
- China (529.9 tons)
- Thailand (191.5 tons)
- Taiwan (Chinese) (30.1 tons)
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