Myanmar The Golden Land Land Area : 676,577 Sq.Km. Capital : Nay Pyi Taw Population : 58.38 Million Language : Myanmar, English widely used Currency : Kyats Principal Exports : Rice, Pulses & Beans, Marine Products, Minerals, Gems and Natural Gas. Major Trading Partners : India, Singapore, Thailand, China, Hong Kong, Malaysia, Japan, Indonesia
Emerging Economy • Myanmar is the hottest emerging economy for resources. It's been a previously ultra-closed society that's now starting to open up. • Myanmar's economy is on track to grow by 6.5% in FY 2013-14 and the govt aims to increase the GDP by 9.1 % in FY 2014-15. • Foreign exchange reserves rose to an estimated $4.6 billion at March 2013.
GDP Myanmar 2009/10 2010/11 2011/12 2012/13 2013/14 Projected GDP (USD Bn) 38.1 49.6 56.2 55.3 59.4 GDP Per Capita 587 742 900 868 915 Source:http://www.adb.org/countries/myanmar/economy
Myanmar Today • A New Foreign Investment Law passed on November 2012 . • Huge opportunities for Foreign Investment in many sectors including farming and food processing. • Foreign Banks have opened Representative Offices. • Business Visa on Arrival . • World Bank pledges USD$2 Bn towards development of Health ,Energy and Agriculture. • The Govt. issued operating licenes to two Telecom giants (Ooredoo and Telenor)
Pulses Trade from Myanmar • The main exports of Beans and Pulses from Myanmar includes : • Black Matpe • Toor Whole • Green Mung Beans • Chick Peas • Gram Whole • Black Eye Beans • Red Kidney Beans • Butter Beans • Lab Lab Beans • Bamboo Beans
Black Matpe • For Black Matpe two main qualities are exported : – FAQ - Fair Average Quality – SQ - Special quality • The Crop harvest time is February and March. • The average crop size is about 6 lac MT. • The Major Markets for Black Matpe are : – India, Pakistan, U.A.E, Malaysia, Japan and Srilanka .
Last 5 Years Export of Black Matpe from Myanmar Qty MT 700,000 628,123 621,273 616,125 594,813 600,000 491,632 500,000 400,000 Qty MT 300,000 200,000 100,000 - 2009 2010 2011 2012 2013
Monthly Price Trend for BM(FAQ) for 2013 FOB Yangon Price in USD 700 639 595 584 584 600 531 500 400 300 FOB Yangon Price in USD 200 100 0 January February March April May June July August September October November December
Toor Whole • There are various qualities and varieties of Toor Whole available in Myanmar. • The varieties are distinguished on the basis of colour and size. • The majorly exported varieties are : – Lemon, Linkhey shefla, Malai Shefla, Shwebo, Red and White (Bold, Medium and small), Sagaing, etc. • The crop harvest time is December, January, February • The Average crop size is 2.5 ~3 lac MT. • The Major Market for Toor Whole is India.
Last 5 years Export of Toor Whole from Myanmar Qty Mt 450,000 412,089 400,000 370,318 350,000 300,000 262,968 250,000 191,673 Qty Mt 200,000 142,376 150,000 100,000 50,000 - 2009 2010 2011 2012 2013
Monthly price trend of Toor Whole for 2013 FOB Yangon Price in USD 800 730 709 700 623 571 571 558 600 500 400 300 FOB Yangon Price in USD 200 100 0 January February March Aril May June July August September October November December
Green Mung Beans • The various qualities of Green Mung Beans exported are : – Pedi shwewar, Anya Shwewar, Pakokku, Taungoo Shwewar, etc. • The crop harvest time for the various varieties are: ‒ Pedi Shwewar :January ~ February ‒ Anya Shwewar :May ~ October ‒ Taungoo Shwewar :October ~ November ‒ Pakokku :October ~ December • The Average crop size is about 3.5 lac MT . • The Major Markets are : – India, China, Vietnam, Malaysia, Japan, Thailand, Indonesia, Pakistan, U.A.E , etc.
Last 5 Years Export of Green Mung Beans from Myanmar Qty MT 350,000 286,169 300,000 275,753 250,000 215,862 213,238 192,740 200,000 Qty MT 150,000 100,000 50,000 - 2009 2010 2011 2012 2013
Monthly Price Trend for Green Mung Beans in 2013 940 929 920 919 905 900 880 877 860 858 840 839 FOB Yangon Price in USD 820 800 780 January February March April May June July August September October November December
Last 5 years Export of other four items Qty in MT 80,000 70,000 60,000 50,000 Chick Peas Black Eye Beans 40,000 Red Kidney Beans 30,000 Butter Beans 20,000 10,000 - 2009 2010 2011 2012 2013
Export from Myanmar in 2013 (country wise) Export % 1.5% 1.4% 1.6% 0.8% 1.4% 3.7% India 2.4% Vietnam 2.5% China 3.0% Indonesia Malaysia 6.0% UAE Thailand India Japan 75.7% Philippines Pakistan Others
Factors Affecting the Myanmar Market
Impact of Rupee fluctuation (Monthly Average Rates) 919 1000 877 839 900 800 623 700 584 600 571 500 584 571 531 400 300 200 100 0 BM TW GMB USD v/s INR
Trading Constraints • Only advance TT payment is prevalent • Non acceptance of Myanmar Documents by many • International Banks. • Non availability of Weighbridge. • Absence of foreign banks.
Export Trend of Beans and pulses from Myanmar in Qty for last 5 Yrs Qty MT 1,600,000 1,465,979 1,393,793 1,400,000 1,200,701 1,200,000 1,087,776 918,619 1,000,000 800,000 Qty MT 600,000 400,000 200,000 - 2009 2010 2011 2012 2013
Export Value of Beans and Pulses from Myanmar in USD million for last 5 yrs. Value in USD(million) 1,200 1,009 1,000 891 887 872 800 704 600 400 200 Value in USD(million) - 2009 2010 2011 2012 2013
Export of value-added product of pulses 2013 Export Value (Tonnes) (USD Million) 14,644 1 11.28 Black Matpe 25,912 26.17 2 Green mung beans 3 6,450 5.99 Toor Whole 47,006 43.44 Total
Expected crop for year 2014 Qty MT 700,000 575,000 600,000 500,000 450,000 400,000 Qty MT 300,000 175,000 200,000 125,000 100,000 30,000 15,000 - BM TW GMB CP BEB RKB
The Way Forward • Value added /Processed pulses will be exported more • Myanmar will reach the potential market very soon with better and improved quality.
2014 Export Outlook • The average export from Myanmar is 1.2million MT for the past 5 years. • In 2014 the export is expected to be above average i.e., almost 1.3million MT .
Thank you ! Shyam Narsaria Arvee International Pte Ltd.
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