Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Myanmar - 2023

Contents:

  1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Myanmar (FOB) - 2022
  2. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Myanmar (CIF) - 2022
  3. Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Myanmar
  4. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Myanmar

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Myanmar (FOB) - 2022

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $2,634 per ton in 2022, jumping by 41% against the previous year. Overall, the export price enjoyed resilient growth. The pace of growth appeared the most rapid in 2020 an increase of 53% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($6,028 per ton), while the average price for exports to France ($2,081 per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+86.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Myanmar (CIF) - 2022

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $2,356 per ton in 2022, declining by -58.4% against the previous year. Over the period under review, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 83% against the previous year. As a result, import price attained the peak level of $12,280 per ton. From 2019 to 2022, the average import prices remained 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 Thailand ($13,777 per ton), while the price for South Korea ($1,969 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Myanmar

In 2022, overseas shipments of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses decreased by -27.2% to 252 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 510% against the previous year. As a result, the exports attained the peak of 1.9K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $665K in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 831%. As a result, the exports reached the peak of $2.6M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France92.691924737158.8%
Malaysia80.171121824745.6%
Australia10593313737.7-28.9%
Others0.121.644.28.8344.8%
Total2782,58464666533.7%

Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers from Myanmar in 2022:

  1. France (178.5 tons)
  2. Malaysia (66.2 tons)
  3. Australia (6.3 tons)

Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Myanmar

In 2022, supplies from abroad of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses decreased by -28.4% to 9.4 tons, falling for the second year in a row after two years of growth. Overall, imports showed a dramatic decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 12% against the previous year. As a result, imports attained the peak of 21 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses reduced remarkably to $22K in 2022. In general, imports showed a precipitous shrinkage. The growth pace was the most rapid in 2020 with an increase of 83%. As a result, imports reached the peak of $95K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea33.127.79.217.7-18.8%
Thailand17.649.012.32.6-47.1%
Singapore1.410.17.21.2-5.0%
ChinaN/A7.843.1N/A452.6%
OthersN/A0.42.40.732.3%
Total52.195.074.222.1-24.9%

Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers to Myanmar in 2022:

  1. South Korea (9.0 tons)
  2. Thailand (0.2 tons)
  3. Singapore (0.2 tons)

Source: IndexBox Market Intelligence Platform

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