Southern Asia: Market for Flours, Meals And Pellets Of Fish 2023

Market Size for Flours, Meals And Pellets Of Fish in Southern Asia

In 2021, the South Asian fish meals and pellet market decreased by -4.4% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, enjoyed a strong expansion. Over the period under review, the market hit record highs at $X in 2020, and then dropped modestly in the following year.

Production of Flours, Meals And Pellets Of Fish in Southern Asia

In value terms, fish meals and pellet production totaled $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 8.2% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish

Exports in Southern Asia

In 2021, shipments abroad of flours, meals and pellets of fish was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, faced a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 86% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, fish meals and pellet exports soared to $X in 2021. In general, exports, however, faced a deep slump. The pace of growth was the most pronounced in 2017 when exports increased by 99% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Pakistan (X tons) was the main exporter of flours, meals and pellets of fish in Southern Asia, achieving 99% of total export.

Pakistan was also the fastest-growing in terms of the flours, meals and pellets of fish exports, with a CAGR of -13.0% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) also remains the largest fish meals and pellet supplier in Southern Asia.

In Pakistan, fish meals and pellet exports contracted by an average annual rate of -15.5% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, which is down by -4.4% against the previous year. Over the period under review, the export price recorded a pronounced setback. The pace of growth was the most pronounced in 2013 an increase of 15% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Pakistan amounted to -2.8% per year.

Imports of Flours, Meals And Pellets Of Fish

Imports in Southern Asia

In 2021, approx. X tons of flours, meals and pellets of fish were imported in Southern Asia; shrinking by -23.7% compared with the previous year's figure. Over the period under review, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2014 when imports increased by 38% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, fish meals and pellet imports shrank sharply to $X in 2021. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 26%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Bangladesh was the largest importing country with an import of about X tons, which amounted to 81% of total imports. It was distantly followed by Sri Lanka (X tons), mixing up a 15% share of total imports. India (X tons) followed a long way behind the leaders.

Bangladesh was also the fastest-growing in terms of the flours, meals and pellets of fish imports, with a CAGR of +29.9% from 2012 to 2021. India (-17.1%) and Sri Lanka (-24.3%) illustrated a downward trend over the same period. While the share of Bangladesh (+78 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-3.5 p.p.) and Sri Lanka (-69.8 p.p.) displayed negative dynamics.

In value terms, Bangladesh ($X) constitutes the largest market for imported flours, meals and pellets of fish in Southern Asia, comprising 69% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Bangladesh totaled +26.8%. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (-14.6% per year) and India (-20.4% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, picking up by 11% against the previous year. In general, the import price showed tangible growth. The pace of growth was the most pronounced in 2016 an increase of 28%. Over the period under review, import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+12.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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