Southern Asia: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in Southern Asia

The South Asian dried or salted fish market shrank to $X in 2021, flattening at the previous year. Overall, consumption showed a pronounced reduction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Dried Or Salted Fish in Southern Asia

In value terms, dried or salted fish production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 when the production volume increased by 18% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Dried Or Salted Fish

Exports in Southern Asia

In 2021, overseas shipments of dried or salted fish decreased by -8.7% to X tons, falling for the second year in a row after three years of growth. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -15.3% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 51%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, dried or salted fish exports dropped sharply to $X in 2021. Total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 58% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India prevails in exports structure, finishing at X tons, which was near 95% of total exports in 2021. The following exporters - Pakistan (X tons) and Bangladesh (X tons) - each accounted for a 3.8% share of total exports.

India was also the fastest-growing in terms of the dried or salted fish exports, with a CAGR of +7.0% from 2012 to 2021. At the same time, Pakistan (+4.0%) displayed positive paces of growth. By contrast, Bangladesh (-6.4%) illustrated a downward trend over the same period. While the share of India (+7.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Bangladesh (-3.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest dried or salted fish supplier in Southern Asia, comprising 90% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 2.8% share of total exports.

In India, dried or salted fish exports increased at an average annual rate of +7.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bangladesh (-13.0% per year) and Pakistan (+4.4% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, which is down by -11.4% against the previous year. In general, the export price recorded a perceptible contraction. The pace of growth was the most pronounced in 2013 when the export price increased by 20% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Bangladesh ($X per ton), while Pakistan ($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 (+0.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Dried Or Salted Fish

Imports in Southern Asia

Dried or salted fish imports contracted dramatically to X tons in 2021, waning by -29.3% against the year before. In general, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 25% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, dried or salted fish imports dropped markedly to $X in 2021. Over the period under review, imports showed a deep setback. The pace of growth was the most pronounced in 2020 when imports increased by 27% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Bangladesh represented the main importer of dried or salted fish in Southern Asia, with the volume of imports accounting for X tons, which was approx. 58% of total imports in 2021. It was distantly followed by Sri Lanka (X tons) and Bhutan (X tons), together generating a 38% share of total imports. Nepal (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Nepal (with a CAGR of +41.8%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest dried or salted fish importing markets in Southern Asia were Sri Lanka ($X), Bangladesh ($X) and Bhutan ($X), together comprising 96% of total imports. These countries were followed by Nepal, which accounted for a further 2.7%.

Nepal, with a CAGR of +43.0%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, which is down by -7.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2013 when the import price increased by 28% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bhutan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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