Report Update Nov 1, 2024

Myanmar - Sardines (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Preserved Sardines Market 2024

Preserved Sardines Market Size in Myanmar

The Myanmar's preserved sardines market fell to $X in 2022, waning by -13% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Preserved sardines consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Preserved Sardines Production in Myanmar

In value terms, preserved sardines production declined to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 57% against the previous year. Preserved sardines production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Preserved Sardines Exports

Exports from Myanmar

In 2022, overseas shipments of sardines (prepared or preserved) decreased by -62.3% to X tons, falling for the third year in a row after four years of growth. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 181% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved sardines exports dropped dramatically to $X in 2022. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 181%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X tons) was the main destination for preserved sardines exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Thailand totaled +2,198.7%.

In value terms, Thailand ($X) emerged as the key foreign market for sardines (prepared or preserved) exports from Myanmar.

From 2012 to 2022, the average annual growth rate of value to Thailand stood at +541.1%.

Export Prices by Country

In 2022, the average preserved sardines export price amounted to $X per ton, with a decrease of -22.2% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 44%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -6.1% per year.

Preserved Sardines Imports

Imports into Myanmar

In 2022, after three years of growth, there was significant decline in purchases abroad of sardines (prepared or preserved), when their volume decreased by -56.3% to X tons. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 2,161% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, preserved sardines imports plummeted to $X in 2022. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 1,713%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest preserved sardines supplier to Myanmar, accounting for a 74% share of total imports. Moreover, preserved sardines imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Thailand amounted to +30.6%.

In value terms, Thailand ($X) constituted the largest supplier of sardines (prepared or preserved) to Myanmar, comprising 84% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Thailand stood at +18.1%.

Import Prices by Country

In 2022, the average preserved sardines import price amounted to $X per ton, with a decrease of -27.3% against the previous year. Overall, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 30% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-9.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sardines (prepared or preserved) in the world?

China remains the largest preserved sardines consuming country worldwide, comprising approx. 18% of total volume. Moreover, preserved sardines consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 5.7% share.

What are the largest producers of sardines (prepared or preserved) in the world?

The countries with the highest volumes of preserved sardines production in 2021 were China, Morocco and the United States, together accounting for 33% of global production. India, Indonesia, Thailand, Japan, Russia, Pakistan, Brazil, Bangladesh, Vietnam and South Korea lagged somewhat behind, together comprising a further 32%.

What are the leading suppliers of sardines (prepared or preserved) to Myanmar?

In value terms, the largest preserved sardines suppliers to Myanmar were Thailand, China and Malaysia, with a combined 94% share of total imports.

What are the leading importers of sardines (prepared or preserved) from Myanmar?

In value terms, India remains the key foreign market for preserved sardines exports from Myanmar.

What is the average export price for sardines (prepared or preserved) in Myanmar?

The average preserved sardines export price stood at $3,763 per ton in 2021, remaining constant against the previous year.

What is the average import price for sardines (prepared or preserved) in Myanmar?

The average preserved sardines import price stood at $2,145 per ton in 2021, surging by 2.4% against the previous year.

This report provides an in-depth analysis of the preserved sardines 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 10202530 - Prepared or preserved sardines, sardinella, brisling and sprats, whole or in pieces (excluding minced products and prepared meals and dishes)

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