Southern Asia: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2024

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Southern Asia

The South Asian meat and fish extracts market dropped to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption showed a mild descent. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Southern Asia

In value terms, meat and fish extracts production reduced modestly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports in Southern Asia

In 2022, overseas shipments of extracts and juices of meat, fish, crustaceans and molluscs decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, meat and fish extracts exports contracted sharply to $X in 2022. Over the period under review, exports showed a dramatic decline. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India was the major exporter of extracts and juices of meat, fish, crustaceans and molluscs in Southern Asia, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. Bangladesh (X kg) held the second position in the ranking, distantly followed by Maldives (X kg). All these countries together held near X% share of total exports. Sri Lanka (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to meat and fish extracts exports from India stood at X%. At the same time, Maldives (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Sri Lanka (X%) and Bangladesh (X%) illustrated a downward trend over the same period. Maldives (X p.p.) and Sri Lanka (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest meat and fish extracts supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total exports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2020; however, from 2021 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 India ($X per ton), while Bangladesh ($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 mixed trends in the export price figures.

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports in Southern Asia

In 2022, purchases abroad of extracts and juices of meat, fish, crustaceans and molluscs decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a drastic downturn. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, meat and fish extracts imports reduced to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Maldives (X tons), Sri Lanka (X tons) and India (X tons) represented roughly X% of total imports in 2022. Afghanistan (X kg), Bangladesh (X kg) and Nepal (X kg) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Maldives (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, India ($X) constitutes the largest market for imported extracts and juices of meat, fish, crustaceans and molluscs in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total imports. It was followed by Maldives, with a X% share.

In India, meat and fish extracts imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (X% per year) and Maldives (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price recorded a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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