Report Update Nov 1, 2024

Myanmar - Inedible Fish Products - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in Myanmar

In 2022, the Myanmar's inedible fish products market decreased by -6% to $X for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, consumption, however, continues to indicate a strong increase. Over the period under review, the market reached the maximum level at $X in 2021, and then fell in the following year.

Inedible Fish Products Production in Myanmar

In value terms, inedible fish products production fell modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 16% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Inedible Fish Products Exports

Exports from Myanmar

In 2022, exports of inedible fish products from Myanmar surged to X tons, jumping by 686% on 2021 figures. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, inedible fish products exports skyrocketed to $X in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X tons) was the main destination for inedible fish products exports from Myanmar, with a approx. 100% share of total exports.

From 2019 to 2022, the average annual growth rate of volume to Thailand totaled +90.7%.

In value terms, Thailand ($X) also remains the key foreign market for inedible fish products exports from Myanmar.

From 2019 to 2022, the average annual rate of growth in terms of value to Thailand amounted to +118.1%.

Export Prices by Country

In 2022, the average inedible fish products export price amounted to $X per ton, remaining constant against the previous year. In general, export price indicated a resilient increase from 2019 to 2022: its price increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, inedible fish products export price decreased by -0.9% against 2020 indices. The growth pace was the most rapid in 2020 an increase of 51% against the previous year. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

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

From 2019 to 2022, the rate of growth in terms of prices for Thailand amounted to +14.4% per year.

Inedible Fish Products Imports

Imports into Myanmar

For the third year in a row, Myanmar recorded decline in purchases abroad of inedible fish products, which decreased by 0% to X kg in 2019. Overall, imports saw a sharp decline. The smallest decline of -33.4% was in 2017. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2019, imports remained at a lower figure.

In value terms, inedible fish products imports amounted to $X in 2019. In general, imports recorded a abrupt contraction. The smallest decline of -33.4% was in 2017. Imports peaked at $X in 2016; however, from 2017 to 2019, imports failed to regain momentum.

Imports by Country

In 2019, Kenya (X kg) was the main inedible fish products supplier to Myanmar, accounting for a 97% share of total imports. Moreover, inedible fish products imports from Kenya exceeded the figures recorded by the second-largest supplier, Singapore (X kg), more than tenfold.

From 2016 to 2019, the average annual rate of growth in terms of volume from Kenya was relatively modest.

In value terms, Kenya ($X) constituted the largest supplier of inedible fish products to Myanmar, comprising 99% of total imports. The second position in the ranking was taken by Singapore ($X), with a 1.1% share of total imports.

From 2016 to 2019, the average annual growth rate of value from Kenya was relatively modest.

Import Prices by Country

The average inedible fish products import price stood at $X per ton in 2019, remaining constant against the previous year. Over the period under review, the import price saw a significant expansion. The growth pace was the most rapid in 2017 when the average import price decreased by less than 0.1%. The import price peaked in 2019 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kenya ($X per ton), while the price for Singapore totaled $X per ton.

From 2016 to 2019, the most notable rate of growth in terms of prices was attained by Kenya (0.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for inedible fish products in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 40% share of global consumption.

What are the largest producers of inedible fish products in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 40% of global production.

What are the leading suppliers of inedible fish products to Myanmar?

In value terms, Thailand constituted the largest supplier of inedible fish products to Myanmar, comprising 56% of total imports. The second position in the ranking was occupied by Singapore, with a 28% share of total imports.

What are the leading importers of inedible fish products from Myanmar?

In value terms, Thailand remains the key foreign market for inedible fish products exports from Myanmar, comprising 86% of total exports. The second position in the ranking was occupied by Japan, with a 14% share of total exports.

What is the average export price for inedible fish products in Myanmar?

The average inedible fish products export price stood at $203 per ton in 2021, reducing by -4.4% against the previous year.

What is the average import price for inedible fish products in Myanmar?

In 2021, the average inedible fish products import price amounted to $13,748 per ton, declining by -61% against the previous year.

This report provides an in-depth analysis of the inedible fish products 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:

Prodcom 10204200 - Inedible fish products (including fish waste, excluding whalebone and whalebone hair, coral and similar materials, s hells and cuttle-bone, unworked or simply prepared/natural sponges)

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