Southern Asia: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in Southern Asia

The South Asian inedible fish products market amounted to $X in 2022, approximately mirroring the previous year. The total consumption indicated prominent 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, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Inedible Fish Products Production in Southern Asia

In value terms, inedible fish products production amounted to $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 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 growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Inedible Fish Products Exports

Exports in Southern Asia

In 2022, exports of inedible fish products in Southern Asia declined to X tons, waning by X% compared with the year before. Over the period under review, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2016 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, inedible fish products exports contracted to $X in 2022. In general, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Bangladesh (X tons) and India (X tons) dominates exports structure, together achieving X% of total exports. Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by India (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest inedible fish products supplying countries in Southern Asia were Bangladesh ($X), India ($X) and Pakistan ($X), together accounting for X% of total exports.

Bangladesh, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India ($X per ton) was amongst the lowest.

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

Inedible Fish Products Imports

Imports in Southern Asia

In 2022, the amount of inedible fish products imported in Southern Asia skyrocketed to X tons, rising by X% against the year before. Overall, imports saw buoyant growth. 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 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, inedible fish products imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Sri Lanka (X tons) represented the largest importer of inedible fish products, mixing up X% of total imports. It was distantly followed by India (X tons) and Bangladesh (X tons), together generating a X% share of total imports. Nepal (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to inedible fish products imports into Sri Lanka stood at X%. At the same time, India (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Nepal (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and Bangladesh increased by X and X percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported inedible fish products in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price posted a prominent expansion. The pace of growth was the most pronounced in 2018 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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