Southern Asia: Frozen Catfish Fillets Market 2021

Frozen Catfish Fillets Market Size in Southern Asia

In 2020, the South Asian frozen catfish fillets market decreased by -X% to $X, falling for the third year in a row after two years of growth. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2020, consumption failed to regain the momentum.

Frozen Catfish Fillets Production in Southern Asia

In value terms, frozen catfish fillets production reached $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. from 2015 to 2020, production growth remained at a somewhat lower figure.

Production By Country in Southern Asia

The country with the largest volume of frozen catfish fillets production was India (X tons), comprising approx. X% of total volume. Moreover, frozen catfish fillets production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), threefold.

From 2007 to 2020, the average annual growth rate of volume in India totaled +X%.

Frozen Catfish Fillets Exports

Exports in Southern Asia

In 2020, overseas shipments of frozen catfish fillets increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports saw a temperate increase. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. The volume of export peaked in 2020 and is expected to retain growth in the immediate term.

In value terms, frozen catfish fillets exports skyrocketed to $X in 2020. Over the period under review, exports showed a buoyant increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure in 2020 and are likely to see gradual growth in the near future.

Exports by Country

India represented the largest exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Bangladesh (X tons), creating a X% share of total exports.

India was also the fastest-growing in terms of the frozen catfish fillets exports, with a CAGR of +X% from 2007 to 2020. Bangladesh (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Bangladesh (-X p.p.) displayed negative dynamics.

In value terms, India ($X) emerged as the largest frozen catfish fillets supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was occupied by Bangladesh ($X), with a X% share of total exports.

In India, frozen catfish fillets exports increased at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

The frozen catfish fillets export price in Southern Asia stood at $X per ton in 2020, waning by -X% against the previous year. Over the period under review, the export price, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. As a result, export price reached the peak level of $X per ton. from 2015 to 2020, the growth in terms of the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Bangladesh ($X per ton), while India amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bangladesh.

Frozen Catfish Fillets Imports

Imports in Southern Asia

In 2020, purchases abroad of frozen catfish fillets decreased by -X% to X tons, falling for the second year in a row after six years of growth. Overall, imports showed a noticeable downturn. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. The volume of import peaked at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, frozen catfish fillets imports dropped significantly to $X in 2020. In general, imports continue to indicate a mild contraction. The pace of growth appeared the most rapid in 2013 when imports increased by X% y-o-y. The level of import peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, India (X tons) was the major importer of frozen catfish fillets, creating X% of total imports. It was distantly followed by Pakistan (X tons), generating a X% share of total imports. Bangladesh (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to frozen catfish fillets imports into India stood at -X%. At the same time, Bangladesh (+X%) and Pakistan (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +X% from 2007-2020. Pakistan (+X p.p.) and Bangladesh (+X p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, India ($X) constitutes the largest market for imported frozen catfish fillets in Southern Asia, comprising X% of total imports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value in India amounted to -X%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+X% per year) and Bangladesh (+X% per year).

Import Prices by Country

In 2020, the frozen catfish fillets import price in Southern Asia amounted to $X per ton, stabilizing at the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 when the import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2019 to 2020, the growth in terms of the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2020, the country with the highest price was Bangladesh ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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