Myanmar - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Crustaceans Price in Myanmar - 2022
Contents:
- Frozen Crustaceans Price in Myanmar (FOB) - 2022
- Frozen Crustaceans Price in Myanmar (CIF) - 2022
- Frozen Crustaceans Exports in Myanmar
- Frozen Crustaceans Imports in Myanmar
Frozen Crustaceans Price in Myanmar (FOB) - 2022
The average frozen crustaceans export price stood at $3,619 per ton in December 2022, with a decrease of -19.8% against the previous month. In general, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 19% month-to-month. Over the period under review, the average export prices hit record highs at $5,700 per ton in December 2021; however, from January 2022 to December 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was South Korea ($7,142 per ton), while the average price for exports to China ($2,668 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Crustaceans Price in Myanmar (CIF) - 2022
The average frozen crustaceans import price stood at $8,816 per ton in 2022, growing by 40% against the previous year. In general, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen crustaceans import price decreased by -13.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 87% against the previous year. The import price peaked at $10,196 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($9,063 per ton), while the price for Japan totaled $6,427 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Frozen Crustaceans Exports in Myanmar
After two years of decline, overseas shipments of frozen crustaceans increased by 29% to 24K tons in 2022. Overall, exports, however, showed a abrupt decline.
In value terms, frozen crustaceans exports reached $115M in 2022. In general, exports, however, recorded a abrupt decrease.
| Export of Frozen Crustaceans in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 34.7 | 41.1 | 20.5 | 33.3 | -1.4% |
| Japan | 31.3 | 23.0 | 22.0 | 19.6 | -14.4% |
| Thailand | 16.4 | 15.7 | 13.7 | 19.2 | 5.4% |
| United States | 18.7 | 17.2 | 16.9 | 11.4 | -15.2% |
| Hong Kong SAR | 15.1 | 7.4 | 9.3 | 8.9 | -16.2% |
| Taiwan (Chinese) | 4.6 | 4.3 | 2.9 | 4.1 | -3.8% |
| Malaysia | 5.0 | 4.3 | 4.0 | 4.1 | -6.4% |
| Australia | 4.5 | 3.7 | 4.4 | 2.9 | -13.6% |
| Singapore | 3.3 | 1.8 | 2.0 | 2.8 | -5.3% |
| Others | 6.3 | 7.3 | 8.0 | 8.8 | 11.8% |
| Total | 140 | 126 | 103 | 115 | -6.3% |
Top Export Markets for Frozen Crustaceans from Myanmar in 2022:
- China (10.0K tons)
- Japan (3.8K tons)
- Thailand (2.7K tons)
- Hong Kong SAR (1.3K tons)
- United States (1.2K tons)
- Malaysia (1.0K tons)
- Taiwan (Chinese) (0.9K tons)
- Singapore (0.9K tons)
- Australia (0.5K tons)
Frozen Crustaceans Imports in Myanmar
In 2022, the amount of frozen crustaceans imported into Myanmar soared to 83 tons, picking up by 75% against the previous year's figure. Overall, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen crustaceans imports skyrocketed to $728K in 2022. In general, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Crustaceans in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 16.1 | 57.9 | 207 | 678 | 247.9% |
| Japan | 452 | 218 | N/A | 49.8 | -52.1% |
| Malaysia | 33.2 | N/A | N/A | N/A | 0% |
| India | 43.2 | 11.7 | N/A | N/A | -72.9% |
| Iran | N/A | N/A | 91.2 | N/A | 0% |
| Others | 5.7 | 92.3 | N/A | N/A | 1519.3% |
| Total | 550 | 380 | 298 | 728 | 9.8% |
Top Suppliers of Frozen Crustaceans to Myanmar in 2022:
- Thailand (74.8 tons)
- Japan (7.7 tons)
This report provides an in-depth analysis of the frozen crustaceans market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
Country coverage:
- Myanmar
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Myanmar
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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