Myanmar: Frozen Eels Market 2022

Frozen Eels Market Size in Myanmar

The Myanmar's frozen eels market shrank remarkably to $X in 2019, with a decrease of -X% against the previous year. In general, consumption showed a precipitous contraction. The most prominent rate of growth was recorded in 2008 with a decrease of -X% y-o-y. Over the period under review, the market attained the peak level at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Frozen Eels Production in Myanmar

In value terms, frozen eels production contracted remarkably to $X in 2020 estimated in export prices. Overall, production, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Frozen eels production peaked at $X in 2019, and then dropped remarkably in the following year.

Frozen Eels Exports

Exports from Myanmar

In 2020, the amount of frozen eels exported from Myanmar declined significantly to X tons, shrinking by -X% compared with the year before. In general, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. As a result, exports attained the peak of X tons. from 2016 to 2020, the growth exports failed to regain the momentum.

In value terms, frozen eels exports shrank remarkably to $X in 2020. Overall, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. As a result, exports reached the peak of $X, and then reduced notably in the following year.

Exports by Country

Qatar (X tons), China (X tons) and Saudi Arabia (X tons) were the main destinations of frozen eels exports from Myanmar, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China, while exports for the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) remains the key foreign market for frozen eels exports from Myanmar, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Qatar totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Saudi Arabia (+X% per year).

Export Prices by Country

In 2020, the average frozen eels export price amounted to $X per ton, reducing by -X% against the previous year. In general, the export price, however, recorded a temperate increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Qatar ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Qatar, while the prices for the other major destinations experienced a decline.

Frozen Eels Imports

Imports into Myanmar

In 2020, after three years of growth, there was significant decline in supplies from abroad of frozen eels, when their volume decreased by -X% to X tons. Overall, imports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, frozen eels imports declined to $X in 2020. Over the period under review, imports saw a dramatic slump. The pace of growth was the most pronounced in 2019 with an increase of X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, India (X tons) constituted the largest frozen eels supplier to Myanmar, with a X% share of total imports. Moreover, frozen eels imports from India exceeded the figures recorded by the second-largest supplier, Yemen (X kg), threefold. The third position in this ranking was occupied by Ecuador (X kg), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Yemen (X% per year) and Ecuador (X% per year).

In value terms, India ($X) constituted the largest supplier of frozen eels to Myanmar, comprising X% of total imports. The second position in the ranking was occupied by Ecuador ($X), with a X% share of total imports. It was followed by Yemen, with a X% share.

From 2007 to 2020, the average annual growth rate of value from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (X% per year) and Yemen (X% per year).

Import Prices by Country

The average frozen eels import price stood at $X per ton in 2020, surging by X% against the previous year. In general, the import price continues to indicate a pronounced expansion. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per ton), while the price for the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Oman, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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