Bangladesh: Preserved Fish Fillet Market 2025

Preserved Fish Fillet Market Size in Bangladesh

In 2021, the Bangladeshi preserved fish fillet market decreased by -1.8% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, enjoyed a prominent increase. Preserved fish fillet consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Preserved Fish Fillet Production in Bangladesh

In value terms, preserved fish fillet production reduced modestly to $X in 2021 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +12.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +17.5% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 146%. Preserved fish fillet production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Preserved Fish Fillet Exports

Exports from Bangladesh

In 2021, overseas shipments of fish fillets (dried, salted or in brine, but not smoked) decreased by -29.1% to X tons, falling for the fifth consecutive year after two years of growth. In general, exports showed a precipitous setback. The growth pace was the most rapid in 2016 when exports increased by 6,244% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved fish fillet exports dropped remarkably to $X in 2021. Over the period under review, exports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2016 when exports increased by 2,439%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for preserved fish fillet exports from Bangladesh, accounting for a 83% share of total exports. Moreover, preserved fish fillet exports to Canada exceeded the volume sent to the second major destination, Lebanon (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Canada amounted to +33.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (-52.5% per year) and Maldives (+8.3% per year).

In value terms, Canada ($X) remains the key foreign market for fish fillets (dried, salted or in brine, but not smoked) exports from Bangladesh, comprising 90% of total exports. The second position in the ranking was taken by Lebanon ($X), with a 5.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at +31.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (-63.5% per year) and Maldives (+12.5% per year).

Export Prices by Country

In 2021, the average preserved fish fillet export price amounted to $X per ton, waning by -20.6% against the previous year. In general, the export price, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 684%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+22.6%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Fish Fillet Imports

Imports into Bangladesh

In 2021, approx. X tons of fish fillets (dried, salted or in brine, but not smoked) were imported into Bangladesh; increasing by 20% compared with 2020 figures. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 775%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, preserved fish fillet imports surged to $X in 2021. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 432%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, India (X tons) was the main preserved fish fillet supplier to Bangladesh, accounting for a 93% share of total imports. Moreover, preserved fish fillet imports from India exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from India totaled +102.1%.

In value terms, India ($X) constituted the largest supplier of fish fillets (dried, salted or in brine, but not smoked) to Bangladesh, comprising 96% of total imports. The second position in the ranking was held by Pakistan ($X), with a 4.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from India totaled +103.9%.

Import Prices by Country

In 2021, the average preserved fish fillet import price amounted to $X per ton, approximately mirroring the previous year. Overall, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 70% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Pakistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.9%).

Source: IndexBox Platform

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