The Aquaculture industry in Myanmar is already worth more than US$15 million annually. Substantial growth in this sector is forecast. Aquaculture is expected to take a play a more important role in the production of seafoods. Myanmar has considerable competitive advantages in its long coast, relative lack of pollution, wide range of species, absence of serious disease and its ability to supply offseason supplies to South East Asia and Europe.
Disadvantages include a complex regulatory framework, lack of capital, a low awareness of overseas market factors and a fragmented industry structure. It is predicted that the trend will be that investors will target the implementation of infrastructure including hatcheries, feed production, processing and marketing. The industry will continue to consist of numerous small operators, specialising in a particular area such as hatchery production, nursery culture or growout. However, vertical integration may occur in the larger, capitalized, companies(foreign).
