Southern Asia: Preserved Fish Fillet Market 2024

Preserved Fish Fillet Market Size in Southern Asia

The South Asian preserved fish fillet market expanded slightly to $X in 2022, surging by X% against the previous year. The total consumption indicated a strong increase 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 reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Preserved Fish Fillet Production in Southern Asia

In value terms, preserved fish fillet production totaled $X in 2022 estimated in export price. The total production indicated a strong 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 pace of growth appeared the most rapid in 2013 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Preserved Fish Fillet Exports

Exports in Southern Asia

In 2022, overseas shipments of fish fillets (dried, salted or in brine, but not smoked) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved fish fillet exports reduced markedly to $X in 2022. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

Pakistan represented the key exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by India (X tons), committing an X% share of total exports. Maldives (X tons), Bangladesh (X tons) and Sri Lanka (X tons) took a relatively small share of total exports.

Exports from Pakistan decreased at an average annual rate of X% from 2012 to 2022. At the same time, Maldives (X%) and India (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, Bangladesh (X%) and Sri Lanka (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and Maldives increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest preserved fish fillet supplying countries in Southern Asia were India ($X), Pakistan ($X) and Sri Lanka ($X), with a combined X% share of total exports.

Among the main exporting countries, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while Maldives ($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.

Preserved Fish Fillet Imports

Imports in Southern Asia

In 2022, supplies from abroad of fish fillets (dried, salted or in brine, but not smoked) decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports recorded a deep setback. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved fish fillet imports reduced sharply to $X in 2022. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sri Lanka was the main importer of fish fillets (dried, salted or in brine, but not smoked) in Southern Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Bhutan (X tons), creating a X% share of total imports. The following importers - Maldives (X tons) and Bangladesh (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to preserved fish fillet imports into Sri Lanka stood at X%. At the same time, Bhutan (X%) and Maldives (X%) displayed positive paces of growth. Moreover, Bhutan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Bangladesh (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bhutan increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bhutan ($X), Sri Lanka ($X) and Maldives ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Bhutan, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price showed a perceptible slump. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Maldives ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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