What is the price of lobster per kilogram/pound in Myanmar today?
The retail price range for Myanmar lobster is between US$ 11.09 and US$ 27.01 per kilogram or between US$ 5.03 and US$ 12.25 per pound(lb). Click here to see today's exact prices of lobster in Myanmar
The retail price range in Kyat for lobster is between MMK 23,601.91 and MMK 57,465.53 per kilogram or between MMK 10,703.82 and MMK 26,061.47 per pound(lb) in Naypyitaw and Yangon.
Wholesale prices
In 2024, the approximate wholesale price range for Myanmar lobster is between US$ 7.77 and US$ 18.91 per kilogram or between US$ 3.52 and US$ 8.57 per pound(lb).
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Myanmar Lobster Export Prices - Historical, Trends and Prediction
The export price of Lobster from Myanmar over the last five years has seen a significant decrease. In 2012, the price per kilogram was 29.05 US dollars, but by 2021, it had dropped to 15.96 US dollars. The lowest price was in 2014, when it was 7.80 US dollars per kilogram. Since then, the price has fluctuated, reaching a peak of 22.06 US dollars in 2019. The current price of 15.96 US dollars is the lowest in the last five years. Based on this trend, it is likely that the export price of Lobster from Myanmar will remain low in the next two years, with an estimated price of around 14.00 US dollars per kilogram in 2023 and 13.00 US dollars per kilogram in 2024.Myanmar Lobster Import Prices - Historical, Trends and Prediction
The import price per kilogram of Lobster into Myanmar has seen a significant fluctuation over the past five years. In 2016, the price was at its highest at $9.16, before dropping to its lowest in 2014 at $7.80. Since then, the price has been steadily increasing, reaching $19.26 in 2018 and $22.06 in 2019. In 2020, the price dropped slightly to $21.15, before decreasing further to $15.96 in 2021. Based on this trend, it is predicted that the import price per kilogram of Lobster into Myanmar will be $17.90 in 2023 and $20.83 in 2024.Export values for Myanmar lobster
The total values in export for lobster in Myanmar were US$ 989, US$ 877, US$ 11,982 and US$ 15,748 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Seafood category in Myanmar: Sea Bass, Sea Bream, Shrimps & Prawns, Crabs, Crustaceans, Oysters, Scallops, Blue Mussel, Cuttlefish & Squid & Octopus.
See prices of lobster in other countries across Asia: Kazakhstan lobster, Kyrgyzstan lobster, Tajikistan lobster, Turkmenistan lobster, Uzbekistan lobster, China lobster, Hong Kong lobster, Macao lobster, North Korea lobster & Mongolia lobster.
Myanmar lobster - Production, Exports, Imports, Seasons and HS Codes
In 2019 Myanmar shipped 710 tonnes of lobster. For 2019 alone, the interest in Myanmar lobster (seafood category) has escalated, changing by 14.887 % compared to the year 2018. Between 2017 and 2019, lobster's exports went up by 545.45% netting the nation US$15.75m for the year 2019. Myanmar's lobster exports are classified as:
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. in shell, cooked by steaming or by boiling in water (HS code 030621)
- Lobster, prepared or preserved (excluding smoked) (HS code 160530)
- Frozen rock lobster and other sea crawfish "Palinurus spp.", "Panulirus spp." and "Jasus spp.", even smoked, whether in shell or not, incl. rock lobster and other sea crawfish in shell, cooked by steaming or by boiling in water (HS code 030611)
- Lobster (HS code 0306Xd)
- Lobsters "Homarus spp.", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030622)
- Lobsters "Homarus spp.", whether in shell or not, dried, salted, smoked or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030692)
- Norway lobsters "Nephrops norvegicus", whether in shell or not, live, fresh or chilled (HS code 030634)
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", whether in shell or not, dried, salted, smoked or in brine, incl. in shell, cooked by steaming or by boiling in water (HS code 030691)
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", whether in shell or not, live, fresh or chilled (HS code 030631)
- Norway lobsters "Nephrops norvegicus", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030625)
- Lobsters "Homarus spp.", whether in shell or not, live, fresh or chilled (HS code 030632)
- Norway lobsters "Nephrops norvegicus", whether in shell or not, dried, salted, smoked or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030694)
- Frozen lobsters "Homarus spp.", even smoked, whether in shell or not, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030612)
- Frozen Norway lobsters "Nephrops norvegicus", even smoked, whether in shell or not, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030615)
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Myanmar lobster export values
In 2019, Myanmar exported lobster with a value of 15.75m USD, an improvement of 31.45% from 2018's total lobster export of 11.982m USD. The yearly increase in value of Myanmar lobster between 2017 to 2018 was 1266.249%.
The yearly variation in the volume of Myanmar's lobster exports between 2017 and 2019 was 545.45 per cent when compared to a variation of 14.887% in the growth rate between 2018 and 2019.
Myanmar's share of the world's total lobster's exports in 2019 was less than 1%. The country is ranked position 40 in world exports of lobster.
Export markets for Myanmar lobster ( in '000$ )
Import/Export Trends
Myanmar is a net exporter of lobster. The annual growth of Myanmar lobster in value between 2015 to 2019 was 328%, per annum, while annual growth in quantity was 183%, per annum.
Myanmar brought in 11 tonnes of lobster in 2019.