Southern Asia: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in Southern Asia

The South Asian preserved anchovies market expanded modestly to $X in 2022, surging by X% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Preserved Anchovies Production in Southern Asia

In value terms, preserved anchovies production expanded slightly to $X in 2022 estimated in export price. In general, production enjoyed a measured increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Preserved Anchovies Exports

Exports in Southern Asia

In 2022, the amount of anchovies (prepared or preserved) exported in Southern Asia shrank sharply to X tons, which is down by X% compared with 2021 figures. Overall, exports, however, saw a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped rapidly in the following year.

In value terms, preserved anchovies exports reduced dramatically to $X in 2022. Over the period under review, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Sri Lanka (X tons) and Nepal (X tons) represented the largest exporters of anchovies (prepared or preserved) in 2022, recording approx. X% and X% of total exports, respectively. It was distantly followed by India (X kg), achieving a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Nepal (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Nepal ($X), India ($X) and Sri Lanka ($X) appeared to be the countries with the highest levels of exports in 2022.

Nepal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, showed a slight descent. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Nepal ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the export price figures.

Preserved Anchovies Imports

Imports in Southern Asia

In 2022, purchases abroad of anchovies (prepared or preserved) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports faced a dramatic slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, preserved anchovies imports contracted significantly to $X in 2022. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

Maldives (X tons) and Bangladesh (X tons) prevails in imports structure, together constituting X% of total imports. India (X kg) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (X%). Afghanistan (X kg) and Nepal (X kg) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Pakistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Maldives ($X) constitutes the largest market for imported anchovies (prepared or preserved) in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Maldives amounted to X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the import price saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nepal ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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