Southern Asia: Market for Fish Fats And Oils 2024

Market Size for Fish Fats And Oils in Southern Asia

The South Asian fish fat and oil market amounted to $X in 2022, picking up by X% against the previous year. The total consumption indicated perceptible growth 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. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Fish Fats And Oils in Southern Asia

In value terms, fish fat and oil production stood at $X in 2022 estimated in export price. The total production indicated a moderate 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Fish Fats And Oils

Exports in Southern Asia

In 2022, overseas shipments of fish fats and oils increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports continue to indicate a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fish fat and oil exports skyrocketed to $X in 2022. Overall, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from India (X tons), together accounting for X% of total export.

India was also the fastest-growing in terms of the fish fats and oils exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest fish fat and oil supplier in Southern Asia.

In India, fish fat and oil exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then reduced markedly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Fish Fats And Oils

Imports in Southern Asia

Fish fat and oil imports expanded markedly to X tons in 2022, surging by X% on 2021. Over the period under review, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, fish fat and oil imports surged to $X in 2022. Overall, imports enjoyed resilient growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Bangladesh was the key importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by India (X tons), achieving a X% share of total imports. The following importers - Pakistan (X tons) and Sri Lanka (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to fish fat and oil imports into Bangladesh stood at X%. At the same time, Pakistan (X%), India (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Pakistan and Bangladesh increased by X and X percentage points, respectively.

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

In India, fish fat and oil imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Bangladesh ($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 import price figures.

Source: IndexBox Platform

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