Report Update Nov 1, 2024

Myanmar - Frozen Lobster - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Frozen Lobster Market 2024

Frozen Lobster Market Size in Myanmar

The Myanmar's frozen lobster market shrank significantly to $X in 2022, which is down by -58.2% against the previous year. Overall, consumption faced a sharp decline. Over the period under review, the market reached the peak level at $X in 2021, and then fell markedly in the following year.

Frozen Lobster Production in Myanmar

In value terms, frozen lobster production declined modestly to $X in 2022 estimated in export price. In general, production, however, showed a significant expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 1,236%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Frozen Lobster Exports

Exports from Myanmar

In 2022, overseas shipments of frozen lobster increased by 249% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 872% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, frozen lobster exports surged to $X in 2022. Over the period under review, exports posted a resilient increase. The pace of growth was the most pronounced in 2018 when exports increased by 1,264% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X tons), Malaysia (X tons) and China (X tons) were the main destinations of frozen lobster exports from Myanmar, together accounting for 96% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +53.6%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Malaysia ($X) were the largest markets for frozen lobster exported from Myanmar worldwide, with a combined 86% share of total exports.

China, with a CAGR of +38.2%, saw 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 frozen lobster export price amounted to $X per ton, picking up by 45% against the previous year. Over the period under review, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 99% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, 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 Hong Kong SAR ($X per ton), while the average price for exports to Thailand ($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 Hong Kong SAR (+7.8%), while the prices for the other major destinations experienced a decline.

Frozen Lobster Imports

Imports into Myanmar

In 2022, approx. X tons of frozen lobster were imported into Myanmar; stabilizing at 2021. Over the period under review, imports recorded a significant expansion. The smallest decline of 99.9% was in 2021. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, frozen lobster imports stood at $X in 2022. Overall, imports showed a significant expansion. The smallest decline of 99.9% was in 2021. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X tons) was the main supplier of frozen lobster to Myanmar, accounting for a approx. 100% share of total imports.

From 2017 to 2022, the average annual growth rate of volume from Singapore amounted to +96.7%.

In value terms, Singapore ($X) constituted the largest supplier of frozen lobster to Myanmar.

From 2017 to 2022, the average annual growth rate of value from Singapore amounted to +110.7%.

Import Prices by Country

The average frozen lobster import price stood at $X per ton in 2022, approximately mirroring the previous year. In general, the import price recorded a perceptible curtailment. The pace of growth was the most pronounced in 2021 when the average import price decreased by 99.9% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Singapore.

From 2017 to 2022, the rate of growth in terms of prices for Singapore amounted to +6.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen lobster in the world?

The United States remains the largest frozen lobster consuming country worldwide, comprising approx. 45% of total volume. Moreover, frozen lobster consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada, threefold. China ranked third in terms of total consumption with a 5.6% share.

What are the largest producers of frozen lobster in the world?

Canada constituted the country with the largest volume of frozen lobster production, accounting for 89% of total volume. It was followed by India, with a 2.3% share of total production.

What are the leading suppliers of frozen lobster to Myanmar?

In value terms, Singapore constituted the largest supplier of frozen lobster to Myanmar.

What are the leading importers of frozen lobster from Myanmar?

In value terms, China, Malaysia and Thailand constituted the largest markets for frozen lobster exported from Myanmar worldwide, together comprising 86% of total exports.

What is the average export price for frozen lobster in Myanmar?

In 2021, the average frozen lobster export price amounted to $15,243 per ton, rising by 2.3% against the previous year.

What is the average import price for frozen lobster in Myanmar?

The average frozen lobster import price stood at $17,042 per ton in 2021, flattening at the previous year.

This report provides an in-depth analysis of the frozen lobster 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:

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