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Shrimp markets

Shrimp and prawns are making an increasingly significant contribution to the export earnings of Myanmar. Major markets for "prawns" (DOF statistics do not differentiate between freshwater prawns and brackish water shrimp) are China (4 073 tons), Singapore (2 604 tons), Japan (2992 tonnes), and United States (1 775 tons). EU also imports prawns from Myanmar, with UK as the leading importer at 921 tons. The total value of "prawn" exports is US$ 104 million for 2000-2001 as reported in the Fisheries Statistics of Myanmar, out of a total of US$ 218 million. China (5 453 tons), Thailand (2 633 tons), Singapore ( 2 290 tons) and Japan (5 255 tons). EU also, UK imported at 15.125 tons, Belgium 61.407 tons France 14.147 tons Sweden 11.131 tons. The total value of "prawn" exports is US$ 68.641 million for 2010-2011 as reported in the Fisheries Statistics of Myanmar, out of a total of US$ 555.515 million. (Table. 1)

Table. 1: Fresh Water Prawn Export from Myanmar within 2006 - 2007 to 2009 - 2010 Facial Year

MT - Ordinary
US$ - Million

No Country 2006 2007 2007 2008 2008 - 2009 2009 - 2010
  MT US$ MT US$ MT US$ MT US$
1 Australia 324.873 1.839 92.295 0.502 3.132 0.013 x x
2 Bangladesh x x 54.839 0.507 32.225 0.291 4.476 0.030
3 Belgium 111.172 0.727 34.24 0.270 93.695 0.574 20.880 0.096
4 Canada 57.084 0.661 1.550 0.027 x x x x
5 China x x 11.501 0.023 x x 49.616 0.249
6 Germany 30.822 0.297 x x x x x x
7 Hong Kong 118.859 1.150 145.130 1.459 167.112 2.068 86.412 0.457
8 Indonesia x x x x 23.621 0.153 9.000 0.076
9 Japan 40.449 0.347 22.379 0.211 2.613 0.027 1.831 0.015
10 Korea 22.242 0.221 26.160 0.259 38.181 0.249 15.247 0.112
11 Kuwait 2.822 0.025 x x 0.370 0.001 x x
12 Malaysia 268.354 2.617 223.201 2.475 82.990 0.706 77.895 0.423
13 Quarter 17.756 0.024 x x x x x x
14 Saudi 7.064 0.014 10.933 0.103 2.430 0.018 0.594 0.004
15 Singapore 258.348 2.227 298.077 3.295 416.962 3.981 196.306 1.056
16 South Africa x x x x x x 1.365 0.006
17 Switzerland x x 8.550 0.114 x x x x
18 Thailand 269.670 2.397 168.195 1.872 135.943 1.267 128.322 0.922
19 U.A.E 64.210 0.565 x x 35.772 0.266 31.978 0.200
20 U.K 140.842 0.971 13.950 0.068 27.350 0.229 128.926 1.088
21 Vietnam 68.080 0.487 49.287 0.482 30.154 0.246 16.666 0.096
  Total 1802.647 14.569 1160.287 11.667 1092.550 10.089 769.514 4.830

Fresh water prawns are making significant contribution to the export earnings of Myanmar and exported to 21 countries within 2005 2006 to 2009 2010 Facial year. In Asia, imports fresh water prawns from Myanmar with Singapore as the leading importer and EU also imports UK as the leading importer at these facial years. The highest value of "Fresh water prawn" exports is US$ 14.569 million for 2006-2007 as reported in the Fisheries Statistics of Myanmar.

The high demand and price of shrimp and prawn abroad have attracted local and foreign investors in fishery product trading. Meanwhile, shrimp and prawn production from capture fisheries has declined, and aquaculture is becoming a more important source of supply. Market channels exist for high value shrimp, involving middlemen, brokering and raw material collecting systems. The export market for high value aquatic products remains high and consequently shrimp receives a high policy priority.

Myanmar had opened border trade station were Sittwe and Maung Taw for Rakhine State to Bangalesh, Myeik and kaw Thaung for Taninthaye Division to Thialand, Mandalay for Mandalay Division to China and India, Muse for Shan state to China and Ta Mu for Chin State to India. These stations were exported to neighboring country by FOB system.

Myanmar has faced some marketing problems, including when the EU imposed trade restriction over products from Myanmar in 1998. This caused seafood trading companies to suffer losses and shrimp and prawn exports to the EU were restricted.

 

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Myanmar Shrimp Association

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