Pakistan: Preserved Fish Fillet Market 2024

Preserved Fish Fillet Market Size in Pakistan

In 2021, the Pakistani preserved fish fillet market increased by 0.3% to $X, rising for the third year in a row after two years of decline. Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +11.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +30.1% against 2018 indices. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in years to come.

Preserved Fish Fillet Production in Pakistan

In value terms, preserved fish fillet production shrank modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +11.3% 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 +34.9% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 152%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Preserved Fish Fillet Exports

Exports from Pakistan

In 2021, the amount of fish fillets (dried, salted or in brine, but not smoked) exported from Pakistan contracted dramatically to X tons, which is down by -23.1% compared with the previous year. Overall, exports, however, continue to indicate a notable expansion. The pace of growth was the most pronounced in 2015 with an increase of 573% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, preserved fish fillet exports reduced markedly to $X in 2021. In general, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 296%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam (X tons) was the main destination for preserved fish fillet exports from Pakistan, with a 77% share of total exports. Moreover, preserved fish fillet exports to Vietnam exceeded the volume sent to the second major destination, Sri Lanka (X tons), sixfold. The third position in this ranking was held by Bangladesh (X tons), with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam amounted to +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+8.1% per year) and Bangladesh (+23.8% per year).

In value terms, Vietnam ($X) remains the key foreign market for fish fillets (dried, salted or in brine, but not smoked) exports from Pakistan, comprising 67% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 24% share of total exports. It was followed by China, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value to Vietnam amounted to +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+14.1% per year) and China (-4.3% per year).

Export Prices by Country

In 2021, the average preserved fish fillet export price amounted to $X per ton, approximately equating the previous year. In general, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved fish fillet export price increased by +6.1% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 50% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Bangladesh ($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 China (+9.0%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Fish Fillet Imports

Imports into Pakistan

After two years of decline, overseas purchases of fish fillets (dried, salted or in brine, but not smoked) decreased by 0% to X kg in 2018. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by 355% against the previous year. Imports peaked at X kg in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

In value terms, preserved fish fillet imports stood at $X in 2018. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 443% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Thailand (X kg) was the main preserved fish fillet supplier to Pakistan, accounting for a approx. 100% share of total imports.

From 2012 to 2018, the average annual growth rate of volume from Thailand was relatively modest.

In value terms, Thailand ($X) constituted the largest supplier of fish fillets (dried, salted or in brine, but not smoked) to Pakistan.

From 2012 to 2018, the average annual rate of growth in terms of value from Thailand was relatively modest.

Import Prices by Country

The average preserved fish fillet import price stood at $X per ton in 2018, remaining stable against the previous year. In general, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2015 an increase of 30% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Thailand.

From 2012 to 2018, the rate of growth in terms of prices for Nigeria amounted to -9.2% per year.

Source: IndexBox Platform

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