Myanmar: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in Myanmar

In 2021, the Myanmar's dried or salted fish market decreased by -0.7% to $X, falling for the second year in a row after three years of growth. Overall, the total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.7% against 2019 indices. Dried or salted fish consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Dried Or Salted Fish in Myanmar

In value terms, dried or salted fish production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +78.7% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 24%. Over the period under review, production reached the peak level at $X in 2020, and then shrank modestly in the following year.

Exports of Dried Or Salted Fish

Exports from Myanmar

In 2021, shipments abroad of dried or salted fish increased by 1.1% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 50% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, dried or salted fish exports dropped remarkably to $X in 2021. Overall, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 69% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then contracted rapidly in the following year.

Exports by Country

Malaysia (X tons), China (X tons) and Saudi Arabia (X tons) were the main destinations of dried or salted fish exports from Myanmar, with a combined 75% share of total exports. These countries were followed by Bangladesh and Qatar, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +59.4%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and Saudi Arabia ($X) appeared to be the largest markets for dried or salted fish exported from Myanmar worldwide, with a combined 78% share of total exports. These countries were followed by Bangladesh and Qatar, which together accounted for a further 9.6%.

Among the main countries of destination, Qatar, with a CAGR of +65.6%, recorded 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 dried or salted fish export price amounted to $X per ton, dropping by -25.9% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 40%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Salted Fish

Imports into Myanmar

For the third year in a row, Myanmar recorded growth in purchases abroad of dried or salted fish, which increased by 32% to X tons in 2021. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 132%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, dried or salted fish imports skyrocketed to $X in 2021. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2015 when imports increased by 94% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Mexico (X tons), India (X tons) and Thailand (X tons) were the main suppliers of dried or salted fish imports to Myanmar, with a combined 92% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +557.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of dried or salted fish to Myanmar, comprising 55% of total imports. The second position in the ranking was taken by Singapore ($X), with a 20% share of total imports. It was followed by India, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from Mexico amounted to +299.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+32.6% per year) and India (+471.9% per year).

Import Prices by Country

The average dried or salted fish import price stood at $X per ton in 2021, picking up by 7.7% against the previous year. In general, the import price continues to indicate a modest increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 75%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+36.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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