Southern Asia: Market for Herring, Salted Or In Brine 2024

Market Size for Herring, Salted Or In Brine in Southern Asia

The South Asian market for herring, salted or in brine was estimated at $X in 2022, approximately reflecting the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 -0.5% against 2020 indices. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Herring, Salted Or In Brine in Southern Asia

In value terms, herring, salted or in brine production reached $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.5% 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 -0.5% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 23% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Herring, Salted Or In Brine

Exports in Southern Asia

Herring, salted or in brine exports contracted dramatically to X tons in 2022, waning by -31.4% compared with 2021. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 197%. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped sharply in the following year.

In value terms, herring, salted or in brine exports dropped to $X in 2022. Over the period under review, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2013 with an increase of 164%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Sri Lanka represented the largest exporter of herring, salted or in brine in Southern Asia, with the volume of exports resulting at X tons, which was approx. 77% of total exports in 2022. It was distantly followed by Bangladesh (X tons), achieving a 23% share of total exports.

Sri Lanka was also the fastest-growing in terms of the herring, salted or in brine exports, with a CAGR of +21.0% from 2012 to 2022. Bangladesh (-55.4%) illustrated a downward trend over the same period. While the share of Bangladesh (+23 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sri Lanka (-22.9 p.p.) displayed negative dynamics.

In value terms, Sri Lanka ($X) remains the largest herring, salted or in brine supplier in Southern Asia, comprising 67% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 33% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sri Lanka totaled +12.6%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, with an increase of 33% against the previous year. Over the period under review, the export price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2018 when the export price increased by 50% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+175.9%).

Imports of Herring, Salted Or In Brine

Imports in Southern Asia

In 2021, approx. X kg of herring, salted or in brine were imported in Southern Asia; with a decrease of -51.8% on the previous year's figure. Overall, imports recorded a deep contraction. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, herring, salted or in brine imports contracted sharply to $X in 2021. Over the period under review, imports recorded a abrupt decline. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Maldives (X kg) represented the largest importer of herring, salted or in brine in Southern Asia, achieving 100% of total import.

Maldives experienced a relatively flat trend pattern with regard to volume of imports of herring, salted or in brine. While the share of Maldives (+99 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Maldives ($X) constitutes the largest market for imported herring, salted or in brine in Southern Asia.

In Maldives, herring, salted or in brine imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, with an increase of 35% against the previous year. Over the period under review, the import price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 when the import price increased by 114%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Maldives.

From 2012 to 2021, the rate of growth in terms of prices for Maldives amounted to 0.0% per year.

Source: IndexBox Platform

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