Pakistan: Frozen Fish Market 2024

Frozen Fish Market Size in Pakistan

In 2022, the Pakistani frozen fish market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, showed a relatively flat trend pattern. Frozen fish consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Frozen Fish Production in Pakistan

In value terms, frozen fish production fell to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Frozen Fish Exports

Exports from Pakistan

In 2022, after two years of decline, there was significant growth in overseas shipments of frozen fish, when their volume increased by X% to X tons. Overall, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, frozen fish exports surged to $X in 2022. In general, exports posted modest growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons), Thailand (X tons) and Indonesia (X tons) were the main destinations of frozen fish exports from Pakistan, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen fish exported from Pakistan were China ($X), Thailand ($X) and Malaysia ($X), with a combined X% share of total exports.

In terms of the main countries of destination, China, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average frozen fish export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Indonesia ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into Pakistan

In 2022, frozen fish imports into Pakistan fell to X tons, which is down by X% against 2021. Overall, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, frozen fish imports reduced to $X in 2022. Over the period under review, imports, however, saw mild growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest frozen fish supplier to Pakistan, with a X% share of total imports. Moreover, frozen fish imports from Vietnam exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Vietnam totaled X%.

In value terms, Vietnam ($X) constituted the largest supplier of frozen fish to Pakistan, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam totaled X%.

Import Prices by Country

The average frozen fish import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Vietnam stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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