Market Analysis Unit: Rapid Market Assessment - Rakhine State (Mar. 4, 2024)

Description: 

"This Rapid Market Assessment (RMA) is a suppliment to the MAU Market Price Report in Rakhine State. It provides township-level data on market functionality, activity, supply, and logistics. Data were collected through observation and KIIs with retailers during Feb. 10-13, 2024. Reports available at www.themimu.info/market-analysis-unit. KEY FINDINGS Village markets swelled with activity as most town markets remained closed; Busy markets still lacked many foods and NFIs but all markets had at least some critical goods; Fuel and medicines were scarce, and cooking oil and hygiene products were often unavailable; Retailers sourced goods from other townships, but transport costs continued to drive prices up; Retailers' largest challenge was transportation and its impact on price and supply; Customers may lack cash to buy available goods, as retailers cited weak demand in busy markets. Regional Overview Market Functionality - Village markets remained open even as town markets closed. Town markets in Sittwe and Maungdaw continued operating, and village markets remained open in other townships. Open markets followed regular hours. Market Activity - Village market activity increased as they absorbed volume from closed town markets. Town markets shrank and village markets grew as displaced households filled rural areas and retail followed. Prominant village markets in Ponnagyun and Rathedaung swelled with activity, although this did not always result increased availability of goods. Availability of Goods - Fuel and medicines were scarce, and many foods and NFIs were unavailable. Markets offered a variety of local winter vegetables, but some other goods were hard to find. Low-quality rice was available in village markets (near mills), but regional imports (e.g., NFIs) were more often unavailable. Transport & Logistics - Retailers still sourced goods from neighboring townships, although transport costs continued rising. Some retailers still sourced goods from neighboring townships, while others were deterred and made do with dwindling inventories. Retailer Challenges - Retailers struggled with high transport costs and a resulting drought in supply. Retailers reported weak demand even in village markets with increasing customers, possibly pointing to cashpoor households with little money to spend. Cash access (among retailers) was most challenging for Sittwe retailers but less so among those in villages. Possible Interventions - Retailers felt they could increase local supply with added support. Retailers expressed a willingness and ability to increase supply under more favorable circumstances. Freedom of movement for traders and fuel subsidies or other support for transportation costs were most likely to spur supply, while low-interest loans were less likely. Village retailers appeared more likely than those in towns increase supply, possibly because village markets have grown..."

Source/publisher: 

Myanmar Information Management Unit (Myanmar) via "Reliefweb" (New York)

Date of Publication: 

2024-03-05

Date of entry: 

2024-03-06

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar

Language: 

English

Local URL: 

Format: 

pdf

Size: 

3.74 MB

Resource Type: 

text

Text quality: 

    • Good