Myanmar: Market for Smoked Fish Other than Salmon and Herring 2024

Market Size for Smoked Fish Other than Salmon and Herring in Myanmar

The Myanmar's market for smoked fish other than salmon and herring expanded rapidly to $X in 2021, growing by 11% against the previous year. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.0% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Smoked Fish Other than Salmon and Herring in Myanmar

In value terms, production of smoked fish other than salmon and herring rose rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 54%. Over the period under review, production of hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Smoked Fish Other than Salmon and Herring

Exports from Myanmar

In 2021, shipments abroad of smoked fish other than salmon and herring decreased by -71.9% to X tons, falling for the third year in a row after three years of growth. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by 196% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of smoked fish other than salmon and herring contracted dramatically to $X in 2021. Over the period under review, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2016 when exports increased by 107%. Over the period under review, the exports of attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for exports of smoked fish other than salmon and herring from Myanmar, accounting for a 68% share of total exports. Moreover, exports of smoked fish other than salmon and herring to Malaysia exceeded the volume sent to the second major destination, Singapore (X tons), fourfold. Saudi Arabia (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia amounted to +69.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+62.3% per year) and Saudi Arabia (-26.0% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for smoked fish other than salmon and herring exports from Myanmar, comprising 72% of total exports. The second position in the ranking was held by Singapore ($X), with a 17% share of total exports. It was followed by Saudi Arabia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia amounted to +43.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+33.0% per year) and Saudi Arabia (-40.6% per year).

Export Prices by Country

In 2021, the average export price for smoked fish other than salmon and herring amounted to $X per ton, waning by -16.8% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-14.9%), while the prices for the other major destinations experienced a decline.

Imports of Smoked Fish Other than Salmon and Herring

Imports into Myanmar

In 2020, approx. X kg of smoked fish other than salmon and herring were imported into Myanmar; declining by -86.6% against the previous year. Over the period under review, imports saw a precipitous setback. The smallest decline of -59.1% was in 2018. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports failed to regain momentum.

In value terms, imports of smoked fish other than salmon and herring reduced sharply to $X in 2020. In general, imports showed a dramatic contraction. The smallest decline of -49.5% was in 2018. Imports peaked at $X in 2017; however, from 2018 to 2020, imports failed to regain momentum.

Imports by Country

In 2020, Japan (X kg) was the main supplier of smoked fish other than salmon and herring to Myanmar, with a approx. 100% share of total imports.

From 2017 to 2020, the average annual rate of growth in terms of volume from Japan was relatively modest.

In value terms, Japan ($X) constituted the largest supplier of smoked fish other than salmon and herring to Myanmar.

From 2017 to 2020, the average annual growth rate of value from Japan was relatively modest.

Import Prices by Country

In 2020, the average import price for smoked fish other than salmon and herring amounted to $X per ton, waning by -6.5% against the previous year. Over the period from 2017 to 2020, it increased at an average annual rate of +12.1%. The most prominent rate of growth was recorded in 2018 an increase of 23%. The import price peaked at $X per ton in 2019, and then contracted in the following year.

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

From 2017 to 2020, the rate of growth in terms of prices for Indonesia amounted to +7.4% per year.

Source: IndexBox Platform

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