Myanmar: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Myanmar

In 2023, the Myanmar's market for frozen, dried and smoked fish increased by X% to $X, rising for the fourth year in a row after three years of decline. Overall, consumption showed slight growth. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market failed to regain momentum.

Production of Frozen, Dried And Smoked Fish in Myanmar

In value terms, frozen, dried and smoked fish production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. Frozen, dried and smoked fish production peaked at $X in 2021; afterwards, it flattened through to 2023.

Exports of Frozen, Dried And Smoked Fish

Exports from Myanmar

In 2023, overseas shipments of frozen, dried and smoked fish decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, frozen, dried and smoked fish exports contracted to $X in 2023. Over the period under review, exports, however, enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons), China (X tons) and Singapore (X tons) were the main destinations of frozen, dried and smoked fish exports from Myanmar, together accounting for X% of total exports. Thailand, the United Arab Emirates, the UK, Malaysia, Bangladesh, the United States, Kuwait, Oman, Japan and Iraq lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for frozen, dried and smoked fish exports from Myanmar, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The average export price for frozen, dried and smoked fish stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the export price saw a deep slump. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced a decline.

Imports of Frozen, Dried And Smoked Fish

Imports into Myanmar

In 2023, frozen, dried and smoked fish imports into Myanmar fell significantly to X tons, reducing by X% on the previous year. Over the period under review, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, frozen, dried and smoked fish imports shrank sharply to $X in 2023. Overall, imports, however, posted measured growth. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

In 2023, Norway (X tons) constituted the largest supplier of frozen, dried and smoked fish to Myanmar, accounting for a X% share of total imports. Moreover, frozen, dried and smoked fish imports from Norway exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold. Chile (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Norway stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Chile (X% per year).

In value terms, Norway ($X) constituted the largest supplier of frozen, dried and smoked fish to Myanmar, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by Iceland, with an X% share.

From 2012 to 2023, the average annual growth rate of value from Norway stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Iceland (X% per year).

Import Prices by Country

In 2023, the average import price for frozen, dried and smoked fish amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Yemen ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform