Myanmar: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Myanmar

After two years of growth, the Myanmar's battered fish fillet market decreased by -2.4% to $X in 2021. In general, consumption continues to indicate a perceptible curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Battered Fish Fillet Production in Myanmar

In value terms, battered fish fillet production totaled $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2019 when the production volume increased by 27% against the previous year. Battered fish fillet production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Battered Fish Fillet Exports

Exports from Myanmar

In 2021, overseas shipments of fish fillets in batter or breadcrumbs decreased by -21.1% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 194%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, battered fish fillet exports fell dramatically to $X in 2021. In general, exports recorded a noticeable descent. The pace of growth appeared the most rapid in 2019 with an increase of 284% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) was the main destination for battered fish fillet exports from Myanmar, with a 63% share of total exports. Moreover, battered fish fillet exports to Thailand exceeded the volume sent to the second major destination, Kuwait (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand amounted to -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (0.0% per year) and the United States (+2.3% per year).

In value terms, the largest markets for battered fish fillet exported from Myanmar were Thailand ($X), the United States ($X) and Kuwait ($X), together accounting for 89% of total exports.

The United States, with a CAGR of +1.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average battered fish fillet export price amounted to $X per ton, flattening at the previous year. In general, the export price, however, showed a pronounced contraction. The growth pace was the most rapid in 2019 when the average export price increased by 50% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Singapore ($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 the United States (-1.3%), while the prices for the other major destinations experienced a decline.

Battered Fish Fillet Imports

Imports into Myanmar

In 2021, the amount of fish fillets in batter or breadcrumbs imported into Myanmar fell sharply to X tons, declining by -46.7% compared with the previous year. In general, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 108% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, battered fish fillet imports reduced sharply to $X in 2021. Overall, imports showed a perceptible reduction. The pace of growth was the most pronounced in 2019 when imports increased by 59%. Imports peaked at $X in 2020, and then fell rapidly in the following year.

Imports by Country

In 2021, Thailand (X tons) was the main battered fish fillet supplier to Myanmar, with a 94% share of total imports. Moreover, battered fish fillet imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Thailand totaled -8.3%.

In value terms, Thailand ($X) constituted the largest supplier of fish fillets in batter or breadcrumbs to Myanmar, comprising 83% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Thailand stood at -6.5%.

Import Prices by Country

In 2021, the average battered fish fillet import price amounted to $X per ton, declining by -8% against the previous year. In general, the import price, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2019 an increase of 67%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Thailand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :