Southern Asia: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2025

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Southern Asia

The South Asian meat and fish extracts market rose slightly to $X in 2021, growing by 4.4% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Southern Asia

In value terms, meat and fish extracts production expanded modestly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 14% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports in Southern Asia

After two years of growth, overseas shipments of extracts and juices of meat, fish, crustaceans and molluscs decreased by -22.6% to X tons in 2021. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 142% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, meat and fish extracts exports shrank remarkably to $X in 2021. Overall, exports continue to indicate a slight slump. The pace of growth appeared the most rapid in 2020 with an increase of 154% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons) represented roughly 98% of total exports in 2021.

India was also the fastest-growing in terms of the extracts and juices of meat, fish, crustaceans and molluscs exports, with a CAGR of -19.2% from 2012 to 2021. While the share of India (+6.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest meat and fish extracts supplier in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India was relatively modest.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, stabilizing at the previous year. Overall, the export price, however, showed significant growth. The most prominent rate of growth was recorded in 2013 when the export price increased by 226%. The level of export peaked at $X per ton in 2020, and then contracted slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +23.9% per year.

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports in Southern Asia

Meat and fish extracts imports fell to X tons in 2021, waning by -7.7% on the previous year. Over the period under review, imports saw a drastic downturn. The growth pace was the most rapid in 2016 with an increase of 240% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, meat and fish extracts imports contracted rapidly to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 94% against the previous year. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

Sri Lanka was the key importing country with an import of around X tons, which accounted for 45% of total imports. India (X tons) took the second position in the ranking, distantly followed by Maldives (X tons), Nepal (X tons) and Bangladesh (X tons). All these countries together held approx. 53% share of total imports. Pakistan (X kg) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Nepal (with a CAGR of +6.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, India ($X) constitutes the largest market for imported extracts and juices of meat, fish, crustaceans and molluscs in Southern Asia, comprising 63% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 29% share of total imports. It was followed by Maldives, with a 5.9% share.

In India, meat and fish extracts imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sri Lanka (+4.9% per year) and Maldives (+5.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, shrinking by -17.6% against the previous year. In general, the import price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 150% against the previous year. The level of import peaked at $X per ton in 2020, and then dropped markedly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+21.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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