Honey market in Myanmar

Earlier Report Observations

The domestic market volume for honey in Myanmar fluctuated between 2018 and 2023. Starting at 2 838 tonnes in 2018, it fell to 2 332 tonnes in 2020 before rising sharply to 3 036 tonnes in 2021. The following years saw a retreat, with the market shrinking to 2 398 tonnes by 2023. In value terms, the market mirrored this volatility, declining from USD 3.8 million in 2018 to USD 2.5 million in 2020, then jumping to USD 3.9 million in 2021 and reaching USD 4.2 million in 2022, before contracting to USD 3.5 million in 2023.

Production of honey increased from 4 783 tonnes in 2018 to a peak of 5 315 tonnes in 2020, then entered a downward trend, falling to 4 352 tonnes in 2023. Meanwhile, exports played a significant role in market dynamics, with shipments abroad rising to nearly 3 000 tonnes in 2020 before decreasing in subsequent years. The near disappearance of imports after 2018 meant that domestic production and export levels became the primary determinants of market size.

The period was marked by a notable expansion in 2021, when both production and market volume reached high points, followed by a contraction in 2022 and 2023. The value of production showed similar swings, indicating changes in either prices or product mix alongside the physical volume movements.

Production honey in Myanmar

In kind, 2017-2020, t

Top producers of honey, 2017-2020

World map of production of honey, 2017-2020

Honey production in Myanmar has increased for the third consecutive year. In 2020, Myanmar produced 5 315 tons of honey, marking a slight increase of 2.9% compared to 2019. Over the period from 2017 to 2020, production grew by 23.6%, with an average annual growth rate of 7.3%.

Annual dynamics of production in Myanmar in kind, 2017-2020, t

In value, 2017-2020, K $ US

Myanmar's honey production value has declined for the second consecutive year. In 2020, honey output was valued at 5 599 thousand US dollars, representing a modest decrease of 7.2% compared to 2019. Between 2017 and 2020, production value increased by 2.3%, equating to an annualized growth rate of 0.8%. The highest value was recorded in 2018 at 6 597 thousand US dollars, with the largest increase of 20.5% occurring that year. The most significant decline of 8.5% was observed in 2019.

Annual dynamics of production in Myanmar in value, 2017-2020, K $ US

Exports honey from Myanmar

Exports in kind, t

Honey exports from Myanmar have increased for the second consecutive year. In 2020, Myanmar exported 2 985 tons of honey, corresponding to a gain of 16.2% compared to the previous year. Over the period from 2017 to 2020, exports grew by 2.5%, with an average annual growth rate of 0.8%. The lowest export volume was recorded in 2018 at 2 209 tons, which saw the largest decline of 24.2%. The most significant increase of 16.3% occurred in 2019.

Annual dynamics of product's exports from Myanmar in kind, 2017-2020, t

From 2017 to 2020, China, Japan, and Thailand were the main destinations for Myanmar's honey exports in volume terms. China accounted for 31.7% of exports, Japan for 29.9%, and Thailand for 24.3%. Together, these three countries represented 86.0% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Myanmar in kind, 2017-2020

Exports in value, K $ US

After a two-year decline, Myanmar's honey exports in value terms have increased. In 2020, Myanmar exported honey worth 3 145 thousand US dollars, marking an advance of 4.8% compared to the previous year. Over the period from 2017 to 2020, exports decreased by 15.2%, with an average annual decline of 5.4%. The lowest value was recorded in 2019 at 3 001 thousand US dollars, while the largest decline of 17.9% occurred in 2018.

Annual dynamics of product's exports from Myanmar in value, 2017-2020, K $ US

From 2017 to 2020, Japan, Thailand, and China were the primary destinations for Myanmar's honey exports in value terms. Japan accounted for 32.8% of exports, Thailand for 29.1%, and China for 22.9%. Collectively, these three markets represented 84.8% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Myanmar in value, 2017-2020

Imports honey to Myanmar

Imports in kind, t

Honey imports into Myanmar showed noticeable fluctuations during the period. Imports reached their lowest point in 2020 at 3 tons, which is 95.5% less compared to 2019. The highest volume was recorded in 2018 at 264 tons, with the largest increase of 5,945.1% occurring that year. Overall, imports varied by 98 times between the high in 2018 and the low in 2020.

Annual dynamics of product's imports to Myanmar in kind, 2017-2020, t

Throughout 2017 to 2020, China dominated the geographical structure of honey imports into Myanmar in volume terms, accounting for 97.4% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Myanmar in kind, 2017-2020

Imports in value, K $ US

Honey imports into Myanmar exhibited an unstable trend during the timeframe. Imports reached their lowest point in 2020 at 23 thousand US dollars, down by 75.6% year-on-year. The peak was recorded in 2018 at 277 thousand US dollars, with the largest increase of 914.4% occurring that year. Overall, imports showed a 12.3-fold difference between the peak in 2018 and the trough in 2020.

Annual dynamics of product's imports to Myanmar in value, 2017-2020, K $ US

From 2017 to 2020, China remained the main market for honey imports into Myanmar in value terms, with a share of 82.2% of total flows. The remaining volume was fragmented across numerous other destinations.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Myanmar in value, 2017-2020