Myanmar: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Myanmar

In 2021, after four years of growth, there was significant decline in the Myanmar's dried or smoked fish market, when its value decreased by -15.4% to $X. In general, the total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +65.7% against 2016 indices. As a result, consumption reached the peak level of $X, and then reduced dramatically in the following year.

Production of Dried Or Smoked Fish in Myanmar

In value terms, dried or smoked fish production dropped markedly to $X in 2021 estimated in export price. Overall, the total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +55.1% against 2016 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 60%. As a result, production reached the peak level of $X, and then reduced remarkably in the following year.

Exports of Dried Or Smoked Fish

Exports from Myanmar

Dried or smoked fish exports from Myanmar fell significantly to X tons in 2021, waning by -47.8% against the year before. In general, exports, however, recorded a perceptible increase. The pace of growth appeared the most rapid in 2013 when exports increased by 85%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, dried or smoked fish exports declined notably to $X in 2021. Over the period under review, exports, however, recorded a mild expansion. The pace of growth was the most pronounced in 2013 when exports increased by 77%. The exports peaked at $X in 2020, and then shrank notably in the following year.

Exports by Country

Thailand (X tons), China (X tons) and Malaysia (X tons) were the main destinations of dried or smoked fish exports from Myanmar, with a combined 77% share of total exports. Saudi Arabia, Bangladesh and Hong Kong SAR lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +98.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dried or smoked fish exported from Myanmar were China ($X), Thailand ($X) and Malaysia ($X), with a combined 73% share of total exports. These countries were followed by Saudi Arabia, Hong Kong SAR and Bangladesh, which together accounted for a further 19%.

Hong Kong SAR, with a CAGR of +73.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dried or smoked fish export price stood at $X per ton in 2021, reducing by -3.1% against the previous year. Over the period under review, the export price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Thailand ($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 China (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Dried Or Smoked Fish

Imports into Myanmar

In 2021, purchases abroad of dried or smoked fish decreased by -76.6% to X tons, falling for the second consecutive year after four years of growth. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 1,912% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, dried or smoked fish imports shrank remarkably to $X in 2021. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by 856%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Argentina (X tons) and Thailand (X tons) were the main suppliers of dried or smoked fish imports to Myanmar, together comprising 92% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +218.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Argentina ($X) and Thailand ($X) appeared to be the largest dried or smoked fish suppliers to Myanmar, with a combined 72% share of total imports.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +183.1%, recorded the highest rates of growth with regard to 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 2021, the average dried or smoked fish import price amounted to $X per ton, jumping by 15% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 80%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uganda (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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