Report Update Nov 1, 2024

Myanmar - Fresh or Chilled Fish Fillets - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in Myanmar

In 2021, the Myanmar's fresh fish fillet market decreased by -32.2% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption recorded a noticeable descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Fresh Fish Fillet Production in Myanmar

In value terms, fresh fish fillet production reduced rapidly to $X in 2021 estimated in export price. In general, production recorded a noticeable decline. The pace of growth appeared the most rapid in 2020 with an increase of 66%. Fresh fish fillet production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Fresh Fish Fillet Exports

Exports from Myanmar

After two years of decline, shipments abroad of fresh or chilled fish fillets increased by 176% to X tons in 2021. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fresh fish fillet exports skyrocketed to $X in 2021. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2018 when exports increased by 164% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

China (X tons), Thailand (X tons) and Saudi Arabia (X tons) were the main destinations of fresh fish fillet exports from Myanmar, with a combined 98% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +201.1%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), China ($X) and Saudi Arabia ($X) appeared to be the largest markets for fresh fish fillet exported from Myanmar worldwide, together accounting for 98% of total exports.

In terms of the main countries of destination, Thailand, with a CAGR of +158.1%, 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

The average fresh fish fillet export price stood at $X per ton in 2021, with a decrease of -22.1% against the previous year. Overall, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 36%. 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 failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to China ($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 Qatar (+9.0%), while the prices for the other major destinations experienced a decline.

Fresh Fish Fillet Imports

Imports into Myanmar

Fresh fish fillet imports into Myanmar shrank significantly to X tons in 2021, reducing by -31.5% against 2020. Overall, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2014 when imports increased by 749%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, fresh fish fillet imports shrank sharply to $X in 2021. In general, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2014 when imports increased by 1,133% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Thailand (X tons), Japan (X tons) and Singapore (X tons) were the main suppliers of fresh fish fillet imports to Myanmar, together accounting for 91% of total imports. Norway lagged somewhat behind, accounting for a further 9.1%.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +66.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fresh fish fillet suppliers to Myanmar were Japan ($X), Singapore ($X) and Thailand ($X), together comprising 89% of total imports. These countries were followed by Norway, which accounted for a further 11%.

In terms of the main suppliers, Norway, with a CAGR of +58.3%, saw the highest growth rate of 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

The average fresh fish fillet import price stood at $X per ton in 2021, stabilizing at the previous year. Overall, the import price, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2018 an increase of 239% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 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 Japan ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+81.7%), 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 fresh or chilled fish fillets in the world?

China constituted the country with the largest volume of fresh fish fillet consumption, comprising approx. 18% of total volume. Moreover, fresh fish fillet consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 7.1% share.

What are the largest producers of fresh or chilled fish fillets in the world?

China constituted the country with the largest volume of fresh fish fillet production, comprising approx. 18% of total volume. Moreover, fresh fish fillet production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by Chile, with a 5.8% share.

What are the leading suppliers of fresh or chilled fish fillets to Myanmar?

In value terms, Japan constituted the largest supplier of fresh fish fillet to Myanmar, comprising 73% of total imports. The second position in the ranking was occupied by Thailand, with a 21% share of total imports.

What are the leading importers of fresh or chilled fish fillets from Myanmar?

In value terms, China emerged as the key foreign market for fresh fish fillet exports from Myanmar, comprising 81% of total exports. The second position in the ranking was occupied by Thailand, with a 17% share of total exports.

What is the average export price for fresh or chilled fish fillets in Myanmar?

The average fresh fish fillet export price stood at $1,294 per ton in 2020, shrinking by -41% against the previous year.

What is the average import price for fresh or chilled fish fillets in Myanmar?

The average fresh fish fillet import price stood at $8,760 per ton in 2020, picking up by 51% against the previous year.

This report provides an in-depth analysis of the fresh fish fillet market 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 10201100 - Fresh or chilled fish fillets and other fish meat without bones

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