Southern Asia: Molluscs Market 2024

Molluscs Market Size in Southern Asia

The South Asian molluscs market stood at $X in 2023, remaining stable against the previous year. The total consumption indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Molluscs Production in Southern Asia

In value terms, molluscs production rose slightly to $X in 2023 estimated in export price. The total production indicated buoyant growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Molluscs Exports

Exports in Southern Asia

In 2023, the amount of molluscs (scallops, mussels, cuttle fish, squid and octopus) exported in Southern Asia expanded sharply to X tons, growing by X% compared with the previous year's figure. Total exports indicated measured growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked in 2023 and is expected to retain growth in years to come.

In value terms, molluscs exports dropped to $X in 2023. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then shrank in the following year.

Exports by Country

India was the largest exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Pakistan (X tons), committing a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to molluscs exports from India stood at X%. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Pakistan increased by X percentage points.

In value terms, India ($X) remains the largest molluscs supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in India stood at X%.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, falling by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then declined rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

Molluscs Imports

Imports in Southern Asia

After two years of growth, overseas purchases of molluscs (scallops, mussels, cuttle fish, squid and octopus) decreased by X% to X tons in 2023. In general, imports faced a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, molluscs imports dropped to $X in 2023. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Sri Lanka (X tons) was the largest importer of molluscs (scallops, mussels, cuttle fish, squid and octopus), generating X% of total imports. Maldives (X tons) ranks second in terms of the total imports with a X% share, followed by India (X%).

From 2012 to 2023, average annual rates of growth with regard to molluscs imports into Sri Lanka stood at X%. At the same time, Maldives (X%) and India (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Maldives and India increased by X and X percentage points, respectively.

In value terms, Maldives ($X), India ($X) and Sri Lanka ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

In terms of the main importing countries, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price continues to indicate tangible growth. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform