Southern Asia: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in Southern Asia

After two years of decline, the South Asian market for caviar (salmon) and caviar substitutes increased by 4.7% to $X in 2021. The market value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Caviar (Salmon) And Caviar Substitutes in Southern Asia

In value terms, caviar (salmon) and caviar substitutes production reached $X in 2021 estimated in export price. The total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.1% 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 decreased by -12.4% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 27%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports in Southern Asia

In 2021, overseas shipments of caviar (salmon) and caviar substitutes increased by 333% to X tons, rising for the third year in a row after four years of decline. Overall, exports recorded a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, caviar (salmon) and caviar substitutes exports surged to $X in 2021. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Pakistan (X tons) represented the key exporter of caviar (salmon) and caviar substitutes, committing 75% of total exports. It was distantly followed by Sri Lanka (X tons), committing a 22% share of total exports. India (X kg) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to caviar (salmon) and caviar substitutes exports from Pakistan stood at +42.7%. At the same time, Sri Lanka (+55.2%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +55.2% from 2012-2021. By contrast, India (-21.6%) illustrated a downward trend over the same period. While the share of Pakistan (+63 p.p.) and Sri Lanka (+20 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-78.2 p.p.) displayed negative dynamics.

In value terms, Pakistan ($X) emerged as the largest caviar (salmon) and caviar substitutes supplier in Southern Asia, comprising 81% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 16% share of total exports.

In Pakistan, caviar (salmon) and caviar substitutes exports increased at an average annual rate of +60.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Sri Lanka (+37.0% per year) and India (-10.6% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, surging by 25% against the previous year. In general, the export price saw resilient growth. The most prominent rate of growth was recorded in 2017 when the export price increased by 98%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was India ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+14.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports in Southern Asia

In 2021, purchases abroad of caviar (salmon) and caviar substitutes was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 222% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, caviar (salmon) and caviar substitutes imports soared to $X in 2021. In general, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 229%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, India (X kg) was the key importer of caviar (salmon) and caviar substitutes, creating 50% of total imports. It was distantly followed by Maldives (X kg), Sri Lanka (X kg) and Pakistan (X kg), together achieving a 45% share of total imports. Afghanistan (X kg) and Nepal (X kg) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Maldives (with a CAGR of +45.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest caviar (salmon) and caviar substitutes importing markets in Southern Asia were India ($X), Maldives ($X) and Pakistan ($X), together comprising 95% of total imports.

In terms of the main importing countries, Pakistan, with a CAGR of +41.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, growing by 7.9% against the previous year. Import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, caviar (salmon) and caviar substitutes import price decreased by -3.0% against 2018 indices. The growth pace was the most rapid in 2018 when the import price increased by 71%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Pakistan ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+18.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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