Pakistan: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in Pakistan

In 2023, the Pakistani frozen whole fish market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption saw a deep slump. Frozen whole fish consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Frozen Whole Fish Production in Pakistan

In value terms, frozen whole fish production stood at $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Frozen whole fish production peaked at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

Frozen Whole Fish Exports

Exports from Pakistan

In 2023, overseas shipments of frozen whole fish increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports showed a prominent increase. The exports peaked at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, frozen whole fish exports skyrocketed to $X in 2023. Over the period under review, exports continue to indicate moderate growth. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Thailand (X tons) and Indonesia (X tons) were the main destinations of frozen whole fish exports from Pakistan, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for frozen whole fish exports from Pakistan, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2023, the average frozen whole fish export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price showed a noticeable downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Whole Fish Imports

Imports into Pakistan

In 2023, overseas purchases of frozen whole fish decreased by X% to X tons for the first time since 2015, thus ending a seven-year declining trend. In general, imports saw a precipitous decrease. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, frozen whole fish imports shrank significantly to $X in 2023. Over the period under review, imports saw a precipitous curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Iran (X kg) constituted the largest frozen whole fish supplier to Pakistan, accounting for a X% share of total imports. Moreover, frozen whole fish imports from Iran exceeded the figures recorded by the second-largest supplier, the United States (X kg), threefold. The third position in this ranking was held by Myanmar (X kg), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Iran amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Myanmar (X% per year).

In value terms, the largest frozen whole fish suppliers to Pakistan were Iran ($X), the United States ($X) and Vietnam ($X), together accounting for X% of total imports.

In terms of the main suppliers, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average frozen whole fish import price stood at $X per ton in 2023, increasing by X% against the previous year. In general, the import price posted a modest expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform