Myanmar: Frozen Catfish Market 2022

Frozen Catfish Market Size in Myanmar

The Myanmar's frozen catfish market shrank to $X in 2020, waning by -X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. Frozen catfish consumption peaked at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Frozen Catfish Production in Myanmar

In value terms, frozen catfish production declined modestly to $X in 2020 estimated in export prices. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. from 2018 to 2020, production growth failed to regain the momentum.

Frozen Catfish Exports

Exports from Myanmar

Frozen catfish exports from Myanmar amounted to X tons in 2020, almost unchanged from 2019 figures. Over the period under review, exports showed a sharp descent. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, exports attained the peak of X tons. from 2014 to 2020, the growth exports remained at a lower figure.

In value terms, frozen catfish exports totaled $X in 2020. In general, exports faced a abrupt decrease. Exports peaked at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

Thailand (X tons) was the main destination for frozen catfish exports from Myanmar, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Thailand was relatively modest.

From 2007 to 2020, the average annual growth rate of value to Thailand was relatively modest.

Export Prices by Country

In 2020, the average frozen catfish export price amounted to $X per ton, flattening at the previous year. In general, the export price posted a temperate increase. The export price peaked in 2020 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2007 to 2020, the rate of growth in terms of prices for Thailand amounted to X% per year.

Frozen Catfish Imports

Imports into Myanmar

For the third year in a row, Myanmar recorded decline in overseas purchases of frozen catfish, which decreased by -X% to X tons in 2020. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. As a result, imports reached the peak of X tons. from 2016 to 2020, the growth imports remained at a lower figure.

In value terms, frozen catfish imports expanded to $X in 2020. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, Indonesia (X tons) was the main supplier of frozen catfish to Myanmar, with a X% share of total imports. Moreover, frozen catfish imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Indonesia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Vietnam (+X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of frozen catfish to Myanmar, comprising X% of total imports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Indonesia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Malaysia (+X% per year).

Import Prices by Country

The average frozen catfish import price stood at $X per ton in 2020, increasing by X% against the previous year. In general, the import price, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 an increase of X% y-o-y. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Vietnam ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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