Pakistan: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Pakistan

The Pakistani battered fish fillet market stood at $X in 2022, growing by X% against the previous year. Overall, consumption continues to indicate a remarkable increase. Battered fish fillet consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Battered Fish Fillet Production in Pakistan

In value terms, battered fish fillet production rose slightly to $X in 2022 estimated in export price. Overall, production enjoyed strong growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

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Battered Fish Fillet Exports

Exports from Pakistan

In 2022, overseas shipments of fish fillets in batter or breadcrumbs increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, battered fish fillet exports skyrocketed to $X in 2022. Over the period under review, exports showed a prominent increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons), Singapore (X tons) and Thailand (X tons) were the main destinations of battered fish fillet exports from Pakistan, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Hong Kong SAR ($X) remains the key foreign market for fish fillets in batter or breadcrumbs exports from Pakistan, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Singapore (X% per year).

Export Prices by Country

The average battered fish fillet export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price posted a prominent increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports into Pakistan

In 2022, after three years of decline, there was significant growth in supplies from abroad of fish fillets in batter or breadcrumbs, when their volume increased by X% to X tons. Overall, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, battered fish fillet imports skyrocketed to $X in 2022. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of battered fish fillet to Pakistan, with a X% share of total imports. Moreover, battered fish fillet imports from Malaysia exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Thailand (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of fish fillets in batter or breadcrumbs to Pakistan, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Malaysia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Thailand (X% per year).

Import Prices by Country

The average battered fish fillet import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then contracted remarkably in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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