Southern Asia: Frozen Fish Fillet Market 2024

Frozen Fish Fillet Market Size in Southern Asia

In 2023, after two years of growth, there was significant decline in the South Asian frozen fish fillet market, when its value decreased by X% to $X. In general, consumption, however, saw buoyant growth. Over the period under review, the market attained the maximum level at $X in 2022, and then shrank rapidly in the following year.

Frozen Fish Fillet Production in Southern Asia

In value terms, frozen fish fillet production reduced to $X in 2023 estimated in export price. Overall, production showed a abrupt setback. The pace of growth appeared the most rapid in 2022 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Frozen Fish Fillet Exports

Exports in Southern Asia

In 2023, shipments abroad of frozen fish fillet increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a deep contraction. 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 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, frozen fish fillet exports soared to $X in 2023. In general, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

India dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2023. Bangladesh (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Sri Lanka (X%).

From 2012 to 2023, average annual rates of growth with regard to frozen fish fillet exports from India stood at X%. At the same time, Bangladesh (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. While the share of Bangladesh (X p.p.) and India (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Sri Lanka (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest frozen fish fillet supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total exports.

In India, frozen fish fillet exports contracted by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Sri Lanka (X% per year) and Bangladesh (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, growing by X% against the previous year. Overall, the export price posted a strong expansion. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while Bangladesh ($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 more modest paces of growth.

Frozen Fish Fillet Imports

Imports in Southern Asia

In 2023, after two years of growth, there was significant decline in overseas purchases of frozen fish fillet, when their volume decreased by X% to X tons. Over the period under review, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, frozen fish fillet imports fell significantly to $X in 2023. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then dropped sharply in the following year.

Imports by Country

India dominates imports structure, finishing at X tons, which was near X% of total imports in 2023. Pakistan (X tons) ranks second in terms of the total imports with an X% share, followed by Nepal (X%). The following importers - Bangladesh (X tons) and Maldives (X tons) - each finished at a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to frozen fish fillet imports into India stood at X%. At the same time, Nepal (X%), Pakistan (X%), Maldives (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. While the share of India (X p.p.) and Nepal (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Maldives (X p.p.), Bangladesh (X p.p.) and Pakistan (X p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported frozen fish fillet in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Maldives ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

In India, frozen fish fillet imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Maldives (X% per year) and Pakistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, waning by X% against the previous year. In general, the import price saw a mild setback. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 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 Maldives ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform