Pakistan: Frozen Catfish Market 2022

Frozen Catfish Market Size in Pakistan

After three years of growth, the Pakistani frozen catfish market decreased by -X% to $X in 2020. In general, consumption saw a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Frozen catfish consumption peaked at $X in 2019, and then dropped remarkably in the following year.

Frozen Catfish Production in Pakistan

In value terms, frozen catfish production rose to $X in 2020 estimated in export prices. Overall, the total production indicated a strong expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. from 2013 to 2020, production growth remained at a somewhat lower figure.

Frozen Catfish Exports

Exports from Pakistan

Frozen catfish exports from Pakistan skyrocketed to X tons in 2020, picking up by X% against the previous year's figure. Overall, exports recorded a strong increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen catfish exports surged to $X in 2020. Over the period under review, exports showed a significant increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X tons) was the main destination for frozen catfish exports from Pakistan, accounting for a X% share of total exports. Moreover, frozen catfish exports to Thailand exceeded the volume sent to the second major destination, Bangladesh (X tons), more than tenfold. The third position in this ranking was occupied by the United Arab Emirates (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Thailand stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+X% per year) and the United Arab Emirates (X% per year).

In value terms, Thailand ($X) emerged as the key foreign market for frozen catfish exports from Pakistan, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Thailand amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Saudi Arabia (-X% per year).

Export Prices by Country

The average frozen catfish export price stood at $X per ton in 2020, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, posted a resilient increase. The pace of growth appeared the most rapid in 2014 an increase of X% y-o-y. The export price peaked at $X per ton in 2015; however, from 2016 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Catfish Imports

Imports into Pakistan

In 2020, supplies from abroad of frozen catfish decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, posted a strong expansion. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, frozen catfish imports shrank rapidly to $X in 2020. Over the period under review, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Vietnam (X tons) was the main frozen catfish supplier to Pakistan, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from Vietnam stood at +X%.

In value terms, Vietnam ($X) constituted the largest supplier of frozen catfish to Pakistan.

From 2007 to 2020, the average annual rate of growth in terms of value from Vietnam amounted to +X%.

Import Prices by Country

In 2020, the average frozen catfish import price amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated a measured expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen catfish import price decreased by -X% against 2017 indices. The growth pace was the most rapid in 2017 an increase of X% year-to-year. As a result, import price reached the peak level of $X per ton. from 2018 to 2020, the growth in terms of the average import prices remained at a lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for Vietnam amounted to +X% per year.

Source: IndexBox Platform

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