Myanmar: Market for Dried Or Salted Fish 2022

Market Size for Dried Or Salted Fish in Myanmar

The Myanmar's dried or salted fish market skyrocketed to $X in 2021, with an increase of X% against the previous year. Overall, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. Dried or salted fish consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Dried Or Salted Fish in Myanmar

In value terms, dried or salted fish production rose remarkably to $X in 2021 estimated in export price. Over the period under review, the total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Dried or salted fish production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Dried Or Salted Fish

Exports from Myanmar

After two years of growth, shipments abroad of dried or salted fish decreased by -X% to X tons in 2021. In general, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2020, and then shrank rapidly in the following year.

In value terms, dried or salted fish exports fell dramatically to $X in 2021. Over the period under review, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then reduced sharply in the following year.

Exports by Country

China (X tons) was the main destination for dried or salted fish exports from Myanmar, accounting for a X% share of total exports. Moreover, dried or salted fish exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), sixfold. The third position in this ranking was taken by Bangladesh (X tons), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Bangladesh (-X% per year).

In value terms, China ($X) emerged as the key foreign market for dried or salted fish exports from Myanmar, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Bangladesh, with a X% share.

From 2012 to 2020, the average annual growth rate of value to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Bangladesh (-X% per year).

Export Prices by Country

In 2020, the average dried or salted fish export price amounted to $X per ton, shrinking by -X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2019, and then dropped markedly in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China (+X%), while the prices for the other major destinations experienced a decline.

Imports of Dried Or Salted Fish

Imports into Myanmar

In 2021, purchases abroad of dried or salted fish increased by X% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, dried or salted fish imports rose remarkably to $X in 2021. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth imports failed to regain momentum.

Imports by Country

In 2020, Uganda (X tons) was the main dried or salted fish supplier to Myanmar, accounting for a X% share of total imports. Moreover, dried or salted fish imports from Uganda exceeded the figures recorded by the second-largest supplier, India (X tons), eightfold.

From 2012 to 2020, the average annual rate of growth in terms of volume from Uganda was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Tanzania (X% per year).

In value terms, Uganda ($X) constituted the largest supplier of dried or salted fish to Myanmar, comprising X% of total imports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total imports.

From 2012 to 2020, the average annual growth rate of value from Uganda was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and India (X% per year).

Import Prices by Country

In 2020, the average dried or salted fish import price amounted to $X per ton, declining by -X% against the previous year. In general, the import price, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2020, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Uganda ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Uganda (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform