Southern Asia: Freshwater Fish Market 2024

Freshwater Fish Market Size in Southern Asia

In 2022, after two years of growth, there was significant decline in the South Asian freshwater fish market, when its value decreased by X% to $X. Over the period under review, consumption, however, enjoyed a moderate increase. The level of consumption peaked at $X in 2021, and then dropped rapidly in the following year.

Freshwater Fish Production in Southern Asia

In value terms, freshwater fish production dropped slightly to $X in 2022 estimated in export price. The total production 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, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Freshwater Fish Exports

Exports in Southern Asia

In 2022, overseas shipments of freshwater fish increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, freshwater fish exports soared to $X in 2022. In general, exports enjoyed a moderate expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Bangladesh (X tons) represented the largest exporter of freshwater fish in Southern Asia, creating X% of total export.

Bangladesh was also the fastest-growing in terms of the freshwater fish exports, with a CAGR of X% from 2012 to 2022. Bangladesh (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) also remains the largest freshwater fish supplier in Southern Asia.

In Bangladesh, freshwater fish exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

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

Freshwater Fish Imports

Imports in Southern Asia

In 2022, supplies from abroad of freshwater fish decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. Overall, imports showed a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, freshwater fish imports declined notably to $X in 2022. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Pakistan represented the largest importing country with an import of around X tons, which amounted to X% of total imports. Afghanistan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Maldives (X%), Sri Lanka (X%) and Nepal (X%). Bangladesh (X tons) took a relatively small share of total imports.

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

In value terms, the largest freshwater fish importing markets in Southern Asia were Pakistan ($X), Sri Lanka ($X) and Nepal ($X), together comprising X% of total imports. Afghanistan, Bangladesh and Maldives lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Maldives, 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 more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Bangladesh ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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