Political and economic repercussions, such as regional conflicts, inflation, and currency depreciation, resulting from the 2021 coup have cast a shadow on Myanmar's staple foods in 2023. Retail prices have persistently surged across various categories, including baked goods, rice, and noodles, driven by escalating costs of agricultural crops like rice and wheat.
On-trade volume sales of staple foods have found stability since late 2022, with the rebound in foodservice channel sales. This positive trend is anticipated to persist throughout 2023.
Rice remains the most important staple food for virtually all households in Myanmar and it is widely consumed for both lunch and dinner. Moreover, rice is also one of the country’s most important agricultural exports.
Recent years have seen Myanmar’s urban dwellers embrace modern grocery retailers, with shopping centres and hypermarkets increasingly seen as popular places to socialise as well as to go shopping. The availability of modern retailing infrastructure tends to boost demand for staple foods as it makes these products more available to a wider consumer audience.
In the wake of the February 2021 military coup, the civil unrest that swept through Myanmar’s society resulted in disruptions to logistics systems and supply chains, which presented challenges to companies involved in the distribution of staple foods. In addition, numerous incidents interfered with the ability of manufacturers to maintain consistent operations, leading to decreased production volumes and transportation delays across all categories of staple foods.
Over the forecast period, staple foods is projected to experience growth, driven by a steady increase in demand primarily attributed to habitual consumption patterns. However, it is essential to note that despite this positive outlook, macroenvironmental challenges are expected to persist.
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Staple Foods
NOTE: Couscous, polenta and quinoa are excluded from staple foods.
See All of Our DefinitionsThis report originates from Passport, our Staple Foods research and analysis database.
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