Pakistan: Market for Fresh Or Chilled Salmonoids Fillets 2024

Market Size for Fresh Or Chilled Salmonoids Fillets in Pakistan

In 2023, the Pakistani market for fresh or chilled salmonoids fillets decreased by X% to $X, falling for the sixth consecutive year after four years of growth. In general, consumption faced a deep contraction. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Production of Fresh Or Chilled Salmonoids Fillets in Pakistan

In value terms, fresh or chilled salmonoids fillets production fell slightly to $X in 2023 estimated in export price. In general, production, however, recorded a perceptible setback. The growth pace was the most rapid in 2013 with an increase of X%. Fresh or chilled salmonoids fillets production peaked at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

Exports of Fresh Or Chilled Salmonoids Fillets

Exports from Pakistan

In 2023, the amount of fresh or chilled salmonoids fillets exported from Pakistan soared to X tons, rising by X% against the previous year's figure. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked in 2023 and are likely to see steady growth in the near future.

In value terms, fresh or chilled salmonoids fillets exports soared to $X in 2023. In general, exports recorded moderate growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for fresh or chilled salmonoids fillets exports from Pakistan, with a X% share of total exports. It was followed by Bangladesh (X tons), with a X% share of total exports. Thailand (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Afghanistan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Thailand (X% per year).

In value terms, Afghanistan ($X) remains the key foreign market for fresh or chilled salmonoids fillets exports from Pakistan, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Afghanistan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United States (X% per year).

Export Prices by Country

The average export price for fresh or chilled salmonoids fillets stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Or Chilled Salmonoids Fillets

Imports into Pakistan

In 2023, imports of fresh or chilled salmonoids fillets into Pakistan fell rapidly to X tons, shrinking by X% against 2022 figures. In general, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2022 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, fresh or chilled salmonoids fillets imports fell notably to $X in 2023. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, the United Arab Emirates (X tons) was the main supplier of fresh or chilled salmonoids fillets to Pakistan, with a X% share of total imports. Moreover, fresh or chilled salmonoids fillets imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Norway (X kg), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and China (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of fresh or chilled salmonoids fillets to Pakistan, comprising X% of total imports. The second position in the ranking was taken by Norway ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the average import price for fresh or chilled salmonoids fillets amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price, however, continues to indicate a modest increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2022, and then dropped slightly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Norway ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform