Myanmar: Frozen Fish Fillet Market 2022

Frozen Fish Fillet Market Size in Myanmar

The Myanmar's frozen fish fillet market reduced notably to $X in 2021, waning by -X% against the previous year. Over the period under review, consumption recorded a drastic downturn. As a result, consumption attained the peak level of $X, and then shrank dramatically in the following year.

Frozen Fish Fillet Production in Myanmar

In value terms, frozen fish fillet production reached $X in 2021 estimated in export price. In general, production, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Frozen Fish Fillet Exports

Exports from Myanmar

Frozen fish fillet exports from Myanmar skyrocketed to X tons in 2021, surging by X% compared with 2020 figures. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, frozen fish fillet exports skyrocketed to $X in 2021. Overall, exports showed a prominent expansion. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X tons) was the main destination for frozen fish fillet exports from Myanmar, with a X% share of total exports. Moreover, frozen fish fillet exports to Thailand exceeded the volume sent to the second major destination, Saudi Arabia (X tons), sixfold. The third position in this ranking was occupied by Malaysia (X tons), with an X% share.

From 2012 to 2021, the average annual growth rate of volume to Thailand stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+X% per year) and Malaysia (+X% per year).

In value terms, the largest markets for frozen fish fillet exported from Myanmar were Thailand ($X), Malaysia ($X) and the UK ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Thailand, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average frozen fish fillet export price amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, continues to indicate a deep contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Fillet Imports

Imports into Myanmar

In 2021, frozen fish fillet imports into Myanmar surged to X tons, growing by X% compared with the year before. Over the period under review, imports saw a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, frozen fish fillet imports rose modestly to $X in 2021. Overall, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Poland (X tons), Argentina (X tons) and Vietnam (X tons) were the main suppliers of frozen fish fillet imports to Myanmar, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of frozen fish fillet to Myanmar, comprising X% of total imports. The second position in the ranking was occupied by Argentina ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+X% per year) and Malaysia (+X% per year).

Import Prices by Country

The average frozen fish fillet import price stood at $X per ton in 2021, dropping by -X% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2021: its price 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. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform