Report Update: Apr 1, 2024

Pakistan - Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs - Market Analysis, Forecast, Size, Trends And Insights

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Price for Seafood Meals and Pellets in Pakistan - 2023

Price for Seafood Meals and Pellets in Pakistan (FOB) - 2023

In February 2023, the average seafood meals and pellets export price amounted to $1,119 per ton, which is down by -9.8% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 9.8% month-to-month. Over the period under review, the average export prices hit record highs at $1,241 per ton in January 2023, and then reduced in the following month.

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

From February 2022 to February 2023, the rate of growth in terms of prices for China amounted to -0.3% per month.

Price for Seafood Meals and Pellets in Pakistan (CIF) - 2022

In 2022, the average seafood meals and pellets import price amounted to $962 per ton, remaining constant against the previous year. Over the period under review, the import price, however, recorded a slight increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 79% against the previous year. Over the period under review, average import prices hit record highs at $1,574 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($1,788 per ton), while the price for Paraguay totaled $934 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+11.7%).

Exports of Seafood Meals and Pellets in Pakistan

In 2022, approx. 66K tons of flours, meals and pellets of fish or of crustaceans and molluscs were exported from Pakistan; jumping by 47% on 2021 figures. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 74%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, seafood meals and pellets exports skyrocketed to $76M in 2022. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 105%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Seafood Meals and Pellets in Pakistan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	22.8	18.7	40.2	66.3	42.7%
Vietnam	2.3	2.5	3.1	6.1	38.4%
Sri Lanka	0.9	0.7	0.5	1.2	10.1%
Indonesia	0.6	0.2	0.7	1.1	22.4%
Others	1.1	0.5	1.7	1.7	15.6%
Total	27.8	22.6	46.1	76.4	40.1%

Top Export Markets for Seafood Meals and Pellets from Pakistan in 2022:

China (56.7K tons)
Vietnam (4.9K tons)
Sri Lanka (1.6K tons)
Indonesia (1.1K tons)

Imports of Seafood Meals and Pellets in Pakistan

In 2022, after two years of decline, there was growth in purchases abroad of flours, meals and pellets of fish or of crustaceans and molluscs, when their volume increased by 5% to 3.5 tons. In general, imports, however, continue to indicate a noticeable reduction.

In value terms, seafood meals and pellets imports rose slightly to $3.3K in 2022. Over the period under review, imports, however, continue to indicate a perceptible decline.

Import of Seafood Meals and Pellets in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Paraguay	3.5	3.2	3.0	3.1	-4.0%
Kuwait	0.3	0.2	0.2	0.2	-12.6%
Others	N/A	N/A	N/A	N/A	0%
Total	3.8	3.5	3.2	3.3	-4.6%

Top Suppliers of Seafood Meals and Pellets to Pakistan in 2022:

Paraguay (3.4 tons)
Kuwait (0.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for seafood meals and pellets in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10204100 - Flours, meals and pellets of fish or of crustaceans, molluscs or other aquatic invertebrates, unfit for human consumption

Country coverage:

Pakistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Pakistan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023