Myanmar: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in Myanmar

The Myanmar's market for fish fillets and other fish meat soared to $X in 2022, rising by 1,243% against the previous year. In general, consumption, however, faced a abrupt downturn. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Fish Fillets and Other Fish Meat in Myanmar

In value terms, production of fish fillets and other fish meat surged to $X in 2022 estimated in export price. Overall, production, however, faced a abrupt shrinkage. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Fish Fillets and Other Fish Meat

Exports from Myanmar

In 2022, exports of fish fillets and other fish meat from Myanmar contracted dramatically to X tons, falling by -55.9% against 2021. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 2,684% against the previous year. The exports peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, exports of fish fillets and other fish meat dropped sharply to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 1,846%. Over the period under review, the exports of attained the maximum at $X in 2021, and then dropped markedly in the following year.

Exports by Country

Thailand (X tons), Vietnam (X tons) and Iraq (X tons) were the main destinations of exports of fish fillets and other fish meat from Myanmar, together accounting for 55% of total exports. Japan, Taiwan (Chinese), Singapore, Malaysia and South Korea lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +161.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fish fillets and other fish meat exported from Myanmar were Malaysia ($X), Thailand ($X) and Vietnam ($X), together comprising 53% of total exports. Japan, Taiwan (Chinese), Iraq, Singapore and South Korea lagged somewhat behind, together comprising a further 41%.

Iraq, with a CAGR of +125.5%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the average export price for fish fillets and other fish meat amounted to $X per ton, growing by 28% against the previous year. In general, the export price, however, continues to indicate a abrupt slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fillets and Other Fish Meat

Imports into Myanmar

In 2022, the amount of fish fillets and other fish meat imported into Myanmar soared to X tons, increasing by 149% compared with the year before. Over the period under review, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 771% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of fish fillets and other fish meat soared to $X in 2022. Overall, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 633% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of fish fillets and other fish meat to Myanmar, with a 70% share of total imports. Moreover, imports of fish fillets and other fish meat from Turkey exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. The third position in this ranking was taken by Japan (X tons), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+18.0% per year) and Japan (+37.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of fish fillets and other fish meat to Myanmar, comprising 83% of total imports. The second position in the ranking was held by Japan ($X), with an 8.6% share of total imports. It was followed by Vietnam, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+41.2% per year) and Vietnam (+30.2% per year).

Import Prices by Country

In 2022, the average import price for fish fillets and other fish meat amounted to $X per ton, jumping by 111% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 186% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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