Myanmar: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in Myanmar

In 2021, the Myanmar's market for frozen crabs and crabs meat decreased by -56.6% to $X, falling for the third year in a row after three years of growth. In general, consumption showed a abrupt setback. Frozen crab and crab meat consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Frozen Crabs And Crabs Meat in Myanmar

In value terms, frozen crab and crab meat production totaled $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 14% against the previous year. Frozen crab and crab meat production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Frozen Crabs And Crabs Meat

Exports from Myanmar

In 2021, overseas shipments of frozen crabs and crabs meat increased by 4.8% to X tons, rising for the third year in a row after three years of decline. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 39%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, frozen crab and crab meat exports stood at $X in 2021. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 22% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Thailand (X tons), the United States (X tons) and China (X tons) were the main destinations of frozen crab and crab meat exports from Myanmar, with a combined 66% 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 +79.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Thailand ($X) and Hong Kong SAR ($X) appeared to be the largest markets for frozen crab and crab meat exported from Myanmar worldwide, with a combined 63% share of total exports. China, Australia, South Korea and Taiwan (Chinese) lagged somewhat behind, together comprising a further 23%.

South Korea, with a CAGR of +75.4%, 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 more modest paces of growth.

Export Prices by Country

The average export price for frozen crabs and crabs meat stood at $X per ton in 2021, rising by 1.7% against the previous year. Over the period under review, the export price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 21% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Thailand ($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 Taiwan (Chinese) (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Crabs And Crabs Meat

Imports into Myanmar

Frozen crab and crab meat imports into Myanmar declined sharply to X tons in 2021, falling by -83.7% on the previous year's figure. Overall, imports showed a dramatic contraction. The pace of growth was the most pronounced in 2017 when imports increased by 431%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, frozen crab and crab meat imports reduced remarkably to $X in 2021. Over the period under review, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 232%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of frozen crab and crab meat to Myanmar, with a 76% share of total imports. Moreover, frozen crab and crab meat imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X kg), sevenfold. Australia (X kg) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from Japan totaled -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+14.4% per year) and Australia (-31.8% per year).

In value terms, Japan ($X) constituted the largest supplier of frozen crabs and crabs meat to Myanmar, comprising 64% of total imports. The second position in the ranking was taken by the United States ($X), with a 20% share of total imports. It was followed by Australia, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+21.0% per year) and Australia (-31.3% per year).

Import Prices by Country

In 2021, the average import price for frozen crabs and crabs meat amounted to $X per ton, increasing by 23% against the previous year. Overall, the import price showed a moderate increase. The growth pace was the most rapid in 2018 an increase of 86% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see gradual growth in the immediate term.

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 Singapore ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+60.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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