Pakistan: Frozen Fish Fillet Market 2025

Frozen Fish Fillet Market Size in Pakistan

In 2022, the Pakistani frozen fish fillet market increased by 126% to $X, rising for the second year in a row after two years of decline. In general, consumption saw a significant increase. Frozen fish fillet consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Frozen Fish Fillet Production in Pakistan

In value terms, frozen fish fillet production totaled $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 290,002,800%. Frozen fish fillet production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Frozen Fish Fillet Exports

Exports from Pakistan

In 2022, overseas shipments of frozen fish fillet increased by 41% to X tons, rising for the second consecutive year after two years of decline. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 88% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, frozen fish fillet exports soared to $X in 2022. In general, exports saw resilient growth. The growth pace was the most rapid in 2021 when exports increased by 83%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for frozen fish fillet exports from Pakistan, accounting for a 50% share of total exports. Moreover, frozen fish fillet exports to Saudi Arabia exceeded the volume sent to the second major destination, Singapore (X tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at +41.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+91.3% per year) and Taiwan (Chinese) (+12.8% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for frozen fish fillet exports from Pakistan, comprising 50% of total exports. The second position in the ranking was held by Singapore ($X), with a 17% share of total exports. It was followed by Taiwan (Chinese), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to +49.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+81.4% per year) and Taiwan (Chinese) (+15.0% per year).

Export Prices by Country

The average frozen fish fillet export price stood at $X per ton in 2022, picking up by 3.1% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 48%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Fillet Imports

Imports into Pakistan

After two years of decline, overseas purchases of frozen fish fillet increased by 137% to X tons in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 205,821%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, frozen fish fillet imports skyrocketed to $X in 2022. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2016 when imports increased by 143,971% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest frozen fish fillet supplier to Pakistan, accounting for a approx. 36% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Vietnam amounted to +9.0%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam stood at +6.9%.

Import Prices by Country

The average frozen fish fillet import price stood at $X per ton in 2022, rising by 96% against the previous year. Over the period under review, the import price showed pronounced growth. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to -2.0% per year.

Source: IndexBox Platform

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