Price for Crustacean Preparations; Lobster, Prepared or Preserved in Myanmar - 2022
Contents:
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in Myanmar (CIF) - 2022
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in Myanmar (FOB) - 2022
- Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Myanmar
- Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Myanmar
Price for Crustacean Preparations; Lobster, Prepared or Preserved in Myanmar (CIF) - 2022
In 2022, the average import price for crustacean preparations; lobster, prepared or preserveds amounted to $12,028 per ton, waning by -9.3% against the previous year. Overall, the import price continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2020 an increase of 48%. The import price peaked at $14,837 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -2.0% per year.
Price for Crustacean Preparations; Lobster, Prepared or Preserved in Myanmar (FOB) - 2022
In 2022, the average export price for crustacean preparations; lobster, prepared or preserveds amounted to $20,512 per ton, rising by 12% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for crustacean preparations; lobster, prepared or preserveds decreased by -10.8% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 42%. Over the period under review, the average export prices reached the peak figure at $23,004 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +4.2% per year.
Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Myanmar
Imports of crustacean preparations; lobster, prepared or preserveds into Myanmar soared to 14 tons in 2022, jumping by 3,081% on the previous year. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of crustacean preparations; lobster, prepared or preserveds soared to $170K in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Crustacean Preparations; Lobster, Prepared or Preserved in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.0 | 13.8 | 5.4 | 170 | 454.0% |
| Others | 0.1 | 0.5 | 0.5 | N/A | 123.6% |
| Total | 1.0 | 14.3 | 5.9 | 170 | 454.0% |
Top Suppliers of Crustacean Preparations; Lobster, Prepared or Preserved to Myanmar in 2022:
- China (14.1 tons)
Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Myanmar
In 2022, the amount of crustacean preparations; lobster, prepared or preserveds exported from Myanmar shrank slightly to 922 kg, falling by -2.4% against the previous year. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +6.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. As a result, the exports reached the peak of 945 kg, and then declined modestly in the following year.
In value terms, exports of crustacean preparations; lobster, prepared or preserveds expanded notably to $19K in 2022. Over the period under review, total exports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +2.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 56% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Crustacean Preparations; Lobster, Prepared or Preserved in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 17.7 | 11.1 | 17.3 | 18.9 | 2.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 17.7 | 11.1 | 17.3 | 18.9 | 2.2% |
Top Export Markets for Crustacean Preparations; Lobster, Prepared or Preserved from Myanmar in 2022:
- Singapore (922.0 kg)
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