Myanmar: Green Peas Market 2024

Green Peas Market Size in Myanmar

In 2023, the Myanmar's green peas market decreased by X% to less than $X, falling for the second consecutive year after four years of growth. In general, consumption, however, saw a perceptible decline. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the market remained at a somewhat lower figure.

Green Peas Production in Myanmar

In value terms, green peas production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Green peas production peaked at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

In 2023, the average green peas yield in Myanmar stood at less than X kg per ha, leveling off at the previous year. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of peas (green) production in Myanmar totaled less than X ha, approximately mirroring the previous year. Overall, the harvested area saw a relatively flat trend pattern.

Green Peas Exports

Exports from Myanmar

In 2022, overseas shipments of peas (green) were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, green peas exports skyrocketed to $X in 2022. Overall, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Bangladesh (X tons) was the main destination for green peas exports from Myanmar, with a X% share of total exports. Moreover, green peas exports to Bangladesh exceeded the volume sent to the second major destination, Singapore (X tons), sevenfold. The United States (X tons) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual growth rate of volume to Bangladesh was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and the United States (X% per year).

In value terms, Bangladesh ($X) emerged as the key foreign market for peas (green) exports from Myanmar, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with an X% share of total exports. It was followed by Singapore, with a X% share.

From 2013 to 2022, the average annual growth rate of value to Bangladesh was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Singapore (X% per year).

Export Prices by Country

The average green peas export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Green Peas Imports

Imports into Myanmar

After two years of decline, purchases abroad of peas (green) decreased by X% to X tons in 2022. Overall, imports saw a sharp slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, green peas imports totaled $X in 2022. Over the period under review, imports recorded a dramatic decrease. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) was the main green peas supplier to Myanmar, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Thailand amounted to X%.

In value terms, Thailand ($X) constituted the largest supplier of peas (green) to Myanmar.

From 2012 to 2022, the average annual growth rate of value from Thailand stood at X%.

Import Prices by Country

In 2022, the average green peas import price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to X% per year.

Source: IndexBox Platform