Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Myanmar - 2022

Contents:

1. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Myanmar (FOB) - 2022
2. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Myanmar (CIF) - 2022
3. Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Myanmar
4. Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Myanmar

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Myanmar (FOB) - 2022

The average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $1,840 per ton in 2022, increasing by 4.4% against the previous year. Overall, the export price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of 97% against the previous year. Over the period under review, the average export prices reached the peak figure at $5,493 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($6,884 per ton), while the average price for exports to Malaysia ($431 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 the UK (+69.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Myanmar (CIF) - 2022

In 2022, the average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $941 per ton, falling by -35.5% against the previous year. Overall, the import price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 an increase of 137% against the previous year. Over the period under review, average import prices reached the peak figure at $7,389 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($12,445 per ton), while the price for China ($591 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+22.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Myanmar

In 2022, the amount of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds exported from Myanmar soared to 2.3K tons, picking up by 344% compared with the previous year. In general, exports recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 2,117% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds skyrocketed to $4.3M in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 868% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from Myanmar in 2022:

1. Malaysia (1523.6 tons)
2. Australia (233.4 tons)
3. South Korea (158.6 tons)
4. Japan (144.9 tons)
5. China (130.4 tons)
6. France (67.5 tons)
7. United Kingdom (61.3 tons)

Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Myanmar

In 2022, the amount of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds imported into Myanmar skyrocketed to 356 tons, increasing by 145% on the previous year's figure. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds surged to $335K in 2022. In general, imports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 68% against the previous year. As a result, imports reached the peak of $684K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to Myanmar in 2022:

1. China (322.0 tons)
2. South Korea (19.6 tons)
3. Malaysia (7.7 tons)
4. Thailand (5.1 tons)
5. Singapore (1.2 tons)

Source: IndexBox Market Intelligence Platform