Liqueurs and Cordials Price in Myanmar - 2022
Contents:
Liqueurs and Cordials Price in Myanmar (CIF) - 2022
The average liqueurs and cordials import price stood at $3.4 per litre in 2022, declining by -59.8% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2015 an increase of 54% against the previous year. The import price peaked at $9.9 per litre in 2018; however, from 2019 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 Singapore ($4.7 per litre), while the price for Vietnam ($2.2 per litre) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Imports in Myanmar
In 2022, supplies from abroad of liqueurs and cordialses was finally on the rise to reach 17K litres for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a sharp curtailment. Imports peaked at 61K litres in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, liqueurs and cordials imports surged to $57K in 2022. Over the period under review, imports, however, faced a precipitous slump. Over the period under review, imports hit record highs at $438K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Liqueurs and Cordials in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 0.2 | 2.2 | 0.8 | 46.6 | 515.3% |
Vietnam | 0.6 | 0.1 | 0.2 | 10.2 | 157.1% |
Singapore | 8.2 | 0.5 | 0.1 | 0.1 | -77.0% |
Thailand | 341 | 35.2 | 18.5 | N/A | -76.7% |
United Kingdom | 76.4 | 0.4 | 0.1 | N/A | -96.4% |
Others | 12.3 | 0.3 | 0.1 | N/A | -91.0% |
Total | 438 | 38.6 | 19.8 | 56.9 | -49.4% |
Top Suppliers of Liqueurs and Cordials to Myanmar in 2022:
- Singapore (undefinedK litres)
- South Korea (12.1K litres)
- Vietnam (4.7K litres)
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In 2016, the amount of spirit and liqueur imported worldwide stood at X tons, coming up by X% against the previous year level. The total import volume increased at an average annual rate of +X% o...
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