Report Update: May 5, 2024

Myanmar - Frozen Fish Meat - Market Analysis, Forecast, Size, Trends and Insights

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Frozen Fish Meat Price in Myanmar - 2022

Frozen Fish Meat Price in Myanmar (FOB) - 2022

The average frozen fish meat export price stood at $2,179 per ton in December 2022, growing by 7% against the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in July 2022 when the average export price increased by 212% m-o-m. As a result, the export price attained the peak level of $5,700 per ton. From August 2022 to December 2022, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Japan ($4,600 per ton), while the average price for exports to Vietnam ($1,500 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 Japan (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Meat Price in Myanmar (CIF) - 2022

The average frozen fish meat import price stood at $989 per ton in 2022, dropping by -61.7% against the previous year. Overall, the import price recorded a abrupt decline. The growth pace was the most rapid in 2021 when the average import price increased by 2%. Over the period under review, average import prices hit record highs at $3,347 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,000 per ton), while the price for Japan amounted to $600 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+898.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Frozen Fish Meat Exports in Myanmar

In 2022, the amount of frozen fish meat exported from Myanmar soared to 2.6K tons, rising by 114% compared with 2021. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen fish meat exports soared to $5.4M in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Frozen Fish Meat in Myanmar (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Vietnam	N/A	N/A	165	1,226	643.0%
Japan	767	1,047	139	1,216	16.6%
Taiwan (Chinese)	254	529	1,209	1,030	59.5%
Thailand	421	502	686	650	15.6%
Singapore	197	50.8	96.7	559	41.6%
South Korea	521	788	515	304	-16.4%
Hong Kong SAR	N/A	N/A	63.8	157	146.1%
United Arab Emirates	297	298	100	N/A	-42.0%
Others	31.0	48.7	119	228	94.5%
Total	2,488	3,264	3,095	5,370	29.2%

Top Export Markets for Frozen Fish Meat from Myanmar in 2022:

Vietnam (817.0 tons)
Japan (585.0 tons)
Taiwan (Chinese) (397.0 tons)
Singapore (329.0 tons)
Thailand (159.8 tons)
South Korea (134.6 tons)
Hong Kong SAR (57.0 tons)

Frozen Fish Meat Imports in Myanmar

In 2022, the amount of frozen fish meat imported into Myanmar soared to 66 tons, with an increase of 15% on the year before. In general, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year.

In value terms, frozen fish meat imports declined remarkably to $65K in 2022. Over the period under review, imports, however, showed a dramatic descent. The pace of growth appeared the most rapid in 2021 when imports increased by 26%.

Import of Frozen Fish Meat in Myanmar (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	N/A	N/A	N/A	34.8	0%
Japan	N/A	N/A	N/A	28.8	0%
Norway	N/A	67.0	79.5	N/A	18.7%
Thailand	251	2.4	68.5	N/A	-47.8%
Chile	N/A	48.3	N/A	N/A	0%
Others	N/A	N/A	N/A	1.5	0%
Total	251	118	148	65.2	-36.2%

Top Suppliers of Frozen Fish Meat to Myanmar in 2022:

Japan (48.0 tons)
United States (17.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the frozen fish meat 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 10201500 - Frozen fish meat without bones (excluding fillets)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023