Price for Fish Meal; Fit for Human Consumption in Myanmar - 2022

Contents:

1. Price for Fish Meal; Fit for Human Consumption in Myanmar (FOB) - 2022
2. Price for Fish Meal; Fit for Human Consumption in Myanmar (CIF) - 2022
3. Exports of Fish Meal; Fit for Human Consumption in Myanmar
4. Imports of Fish Meal; Fit for Human Consumption in Myanmar

Price for Fish Meal; Fit for Human Consumption in Myanmar (FOB) - 2022

The average export price for fish meal; fit for human consumptia stood at $4,346 per ton in 2022, surging by 86% against the previous year. In general, the export price enjoyed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +86.9% per year.

Price for Fish Meal; Fit for Human Consumption in Myanmar (CIF) - 2022

In 2022, the average import price for fish meal; fit for human consumptia amounted to $154,099 per ton, stabilizing at the previous year. In general, the import price recorded a strong increase. The growth pace was the most rapid in 2018 when the average import price increased by 685% against the previous year. The import price peaked at $2,412,466 per ton in 2020; however, from 2021 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 France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +69.0% per year.

Exports of Fish Meal; Fit for Human Consumption in Myanmar

In 2022, overseas shipments of fish meal; fit for human consumptia decreased by -65.9% to 24 tons, falling for the second consecutive year after two years of growth. Overall, exports showed a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 4,194%. As a result, the exports reached the peak of 1.7K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of fish meal; fit for human consumptia declined notably to $106K in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 6,463%. As a result, the exports reached the peak of $2.5M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Fish Meal; Fit for Human Consumption from Myanmar in 2022:

1. China (24.1 tons)
2. Hong Kong SAR (0.2 tons)

Imports of Fish Meal; Fit for Human Consumption in Myanmar

In 2022, overseas purchases of fish meal; fit for human consumptia decreased by 0% to 454 kg, falling for the second year in a row after two years of growth. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 222% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of fish meal; fit for human consumptia stood at $70K in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 477%. As a result, imports attained the peak of $140K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Fish Meal; Fit for Human Consumption to Myanmar in 2022:

1. France (29.0 kg)

Source: IndexBox Market Intelligence Platform