Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Myanmar - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Myanmar (CIF) - 2022
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Myanmar
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Myanmar (CIF) - 2022
In 2022, the average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $2,418 per ton, picking up by 61% against the previous year. Overall, the import price posted a remarkable increase. The pace of growth was the most pronounced in 2015 an increase of 76%. As a result, import price attained the peak level of $2,595 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($15,000 per ton), while the price for South Korea ($1,550 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+39.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Myanmar
In 2022, supplies from abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -52.8% to 47 tons, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate mild growth. The pace of growth appeared the most rapid in 2020 when imports increased by 304%. As a result, imports reached the peak of 185 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s dropped significantly to $115K in 2022. Overall, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 198%. As a result, imports reached the peak of $235K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 9.1 | 17.8 | 41.6 | 98.3 | 121.1% |
| Switzerland | 7.6 | 11.3 | 10.9 | 15.0 | 25.4% |
| South Korea | 0.4 | 0.5 | 1.0 | 1.2 | 44.2% |
| Norway | 5.8 | 48.0 | N/A | N/A | 727.6% |
| Chile | 6.4 | 10.7 | 56.2 | N/A | 196.3% |
| China | 6.9 | 58.5 | 20.0 | N/A | 70.3% |
| United States | 41.3 | 56.2 | 17.6 | N/A | -34.7% |
| Brazil | N/A | 29.7 | N/A | N/A | 0% |
| Others | 1.4 | 2.2 | 3.7 | N/A | 62.6% |
| Total | 78.9 | 235 | 151 | 115 | 13.4% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Myanmar in 2022:
- Vietnam (45.6 tons)
- Switzerland (1.0 tons)
- South Korea (0.8 tons)
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This report provides an in-depth analysis of the market for fish fat and oil in Myanmar.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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This report provides an in-depth analysis of the market for fish fat and oil in Myanmar.
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This report provides an in-depth analysis of the global market for fish fat and oil.
593
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
