Southern Asia: Smoked Herring Market 2024

Smoked Herring Market Size in Southern Asia

The South Asian smoked herring market shrank slightly to $X in 2022, remaining stable against the previous year. Overall, consumption continues to indicate a perceptible reduction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Smoked Herring Production in Southern Asia

In value terms, smoked herring production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Smoked Herring Exports

Exports in Southern Asia

In 2022, smoked herring exports in Southern Asia declined modestly to X tons, shrinking by X% on 2021 figures. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, smoked herring exports dropped to $X in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

India represented the largest exporter of smoked herrings in Southern Asia, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Sri Lanka (X tons), generating a X% share of total exports.

India was also the fastest-growing in terms of the smoked herrings exports, with a CAGR of X% from 2012 to 2022. At the same time, Sri Lanka (X%) displayed positive paces of growth. From 2012 to 2022, the share of India increased by X percentage points.

In value terms, India ($X) and Sri Lanka ($X) were the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price, however, posted temperate growth. The pace of growth was the most pronounced in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat 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 Sri Lanka ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%).

Smoked Herring Imports

Imports in Southern Asia

In 2022, imports of smoked herrings in Southern Asia skyrocketed to X tons, picking up by X% on 2021. In general, imports recorded resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, smoked herring imports soared to $X in 2022. Over the period under review, imports enjoyed a prominent increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India was the main importer of smoked herrings in Southern Asia, with the volume of imports recording X kg, which was near X% of total imports in 2022. Afghanistan (X kg) took the second position in the ranking, distantly followed by Maldives (X kg). All these countries together took approx. X% share of total imports.

India was also the fastest-growing in terms of the smoked herrings imports, with a CAGR of X% from 2012 to 2022. At the same time, Maldives (X%) and Afghanistan (X%) displayed positive paces of growth. From 2012 to 2022, the share of India and Maldives increased by X and X percentage points, respectively.

In value terms, the largest smoked herring importing markets in Southern Asia were India ($X), Maldives ($X) and Afghanistan ($X), with a combined X% share of total imports.

Maldives, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Maldives ($X per ton), while India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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