Report Update Nov 1, 2024

Myanmar - Fish Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Market for Fish Fats And Oils 2024

Market Size for Fish Fats And Oils in Myanmar

The Myanmar's fish fat and oil market contracted slightly to $X in 2022, standing approx. at the previous year. Over the period under review, consumption, however, recorded a pronounced curtailment. Fish fat and oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Fish Fats And Oils in Myanmar

In value terms, fish fat and oil production shrank slightly to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced decrease. The growth pace was the most rapid in 2017 when the production volume increased by 58%. Fish fat and oil production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Imports of Fish Fats And Oils

Imports into Myanmar

In 2022, the amount of fish fats and oils imported into Myanmar soared to X tons, jumping by 48% compared with the year before. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 1,554% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, fish fat and oil imports dropped notably to $X in 2022. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 1,780%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Vietnam (X tons) was the main fish fat and oil supplier to Myanmar, accounting for a 96% share of total imports. It was followed by Switzerland (X tons), with a 2.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Vietnam totaled +89.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+37.3% per year) and South Korea (+12.3% per year).

In value terms, Vietnam ($X) constituted the largest supplier of fish fats and oils to Myanmar, comprising 86% of total imports. The second position in the ranking was held by Switzerland ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Vietnam stood at +58.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+28.5% per year) and South Korea (+10.9% per year).

Import Prices by Country

In 2022, the average fish fat and oil import price amounted to $X per ton, reducing by -57.5% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 272% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+567.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fish fats and oils in the world?

The country with the largest volume of fish fat and oil consumption was Norway, comprising approx. 60% of total volume. Moreover, fish fat and oil consumption in Norway exceeded the figures recorded by the second-largest consumer, China, more than tenfold. The United States ranked third in terms of total consumption with a 3.4% share.

What are the largest producers of fish fats and oils in the world?

Norway constituted the country with the largest volume of fish fat and oil production, comprising approx. 60% of total volume. Moreover, fish fat and oil production in Norway exceeded the figures recorded by the second-largest producer, China, more than tenfold. The third position in this ranking was occupied by the United States, with a 3.6% share.

What are the leading suppliers of fish fats and oils to Myanmar?

In value terms, Thailand constituted the largest supplier of fish fat and oil to Myanmar, comprising 83% of total imports. The second position in the ranking was occupied by the United States, with an 8.9% share of total imports. It was followed by China, with a 2.8% share.

What is the average export price for fish fats and oils in Myanmar?

In 2017, the average fish fat and oil export price amounted to $1,000 per ton, almost unchanged from the previous year.

What is the average import price for fish fats and oils in Myanmar?

In 2021, the average fish fat and oil import price amounted to $20,777 per ton, rising by 43% against the previous year.

This report provides an in-depth analysis of the market for fish fat and oil in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10411200 - Fats and oils and their fractions of fish or marine mammals (excluding chemically modified)

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023