Myanmar: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Myanmar

In 2022, the Myanmar's market for frozen, dried and smoked fish increased by X% to $X, rising for the third consecutive year after three years of decline. Overall, consumption, however, saw a mild setback. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Frozen, Dried And Smoked Fish in Myanmar

In value terms, frozen, dried and smoked fish production totaled $X in 2022 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Exports of Frozen, Dried And Smoked Fish

Exports from Myanmar

In 2022, after two years of growth, there was significant decline in shipments abroad of frozen, dried and smoked fish, when their volume decreased by X% to X tons. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, frozen, dried and smoked fish exports contracted to $X in 2022. Over the period under review, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons), China (X tons) and Thailand (X tons) were the main destinations of frozen, dried and smoked fish exports from Myanmar, together accounting for X% of total exports. Singapore, the United Arab Emirates, Malaysia, Japan, the United States, Qatar, the UK, Oman, Bangladesh and Kuwait lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), Thailand ($X) and Japan ($X) constituted the largest markets for frozen, dried and smoked fish exported from Myanmar worldwide, with a combined X% share of total exports. Saudi Arabia, Singapore, Malaysia, the United States, the United Arab Emirates, the UK, Bangladesh, Qatar, Oman and Kuwait lagged somewhat behind, together comprising a further X%.

Qatar, with a CAGR of X%, recorded 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 frozen, dried and smoked fish amounted to $X per ton, dropping by X% against the previous year. Overall, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Saudi Arabia ($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 Malaysia (X%), while the prices for the other major destinations experienced a decline.

Imports of Frozen, Dried And Smoked Fish

Imports into Myanmar

In 2022, approx. X tons of frozen, dried and smoked fish were imported into Myanmar; jumping by X% against 2021. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen, dried and smoked fish imports skyrocketed to $X in 2022. In general, imports continue to indicate tangible growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Norway (X tons) constituted the largest frozen, dried and smoked fish supplier to Myanmar, accounting for a X% share of total imports. Moreover, frozen, dried and smoked fish imports from Norway exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. The third position in this ranking was held by Oman (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Oman (X% per year).

In value terms, Norway ($X) constituted the largest supplier of frozen, dried and smoked fish to Myanmar, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Norway totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average import price for frozen, dried and smoked fish amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, showed a deep contraction. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 Iceland ($X per ton), while the price for Yemen ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :