Myanmar: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Myanmar

In 2022, the Myanmar's market for frozen scallops, including queen scallop decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption recorded a noticeable contraction. Frozen scallops, including queen scallop consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Frozen Scallops, Including Queen Scallop in Myanmar

In value terms, frozen scallops, including queen scallop production amounted to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports from Myanmar

In 2022, overseas shipments of frozen scallops, including queen scallop increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, frozen scallops, including queen scallop exports soared to $X in 2022. Overall, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for frozen scallops, including queen scallop exports from Myanmar, accounting for a X% share of total exports. Moreover, frozen scallops, including queen scallop exports to Thailand exceeded the volume sent to the second major destination, China (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand amounted to X%.

In value terms, Thailand ($X) remains the key foreign market for frozen scallops, including queen scallop exports from Myanmar, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand totaled X%.

Export Prices by Country

In 2022, the average export price for frozen scallops, including queen scallop amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, recorded slight growth. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to China amounted to $X per ton.

From 2012 to 2022, 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 Scallops, Including Queen Scallop

Imports into Myanmar

In 2022, the amount of frozen scallops, including queen scallop imported into Myanmar skyrocketed to X tons, increasing by X% against 2021. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, frozen scallops, including queen scallop imports declined sharply to $X in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of frozen scallops, including queen scallop to Myanmar, accounting for a X% share of total imports. Moreover, frozen scallops, including queen scallop imports from Thailand exceeded the figures recorded by the second-largest supplier, Japan (X tons), fourfold. Singapore (X kg) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Singapore (X% per year).

In value terms, the largest frozen scallops, including queen scallop suppliers to Myanmar were Singapore ($X), Japan ($X) and Thailand ($X), with a combined X% share of total imports.

In terms of the main suppliers, Singapore, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for frozen scallops, including queen scallop amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price recorded a deep reduction. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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