Southern Asia: Preserved Fish Fillet Market 2025

Preserved Fish Fillet Market Size in Southern Asia

After three years of growth, the South Asian preserved fish fillet market decreased by -1.1% to $X in 2021. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +10.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +2.5% against 2016 indices. The level of consumption peaked at $X in 2020, and then declined slightly in the following year.

Preserved Fish Fillet Production in Southern Asia

In value terms, preserved fish fillet production totaled $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +10.2% 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 -0.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 93% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Preserved Fish Fillet Exports

Exports in Southern Asia

In 2021, preserved fish fillet exports in Southern Asia reduced dramatically to X tons, which is down by -24.1% compared with the year before. In general, exports, however, continue to indicate tangible growth. The most prominent rate of growth was recorded in 2015 with an increase of 546%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, preserved fish fillet exports fell markedly to $X in 2021. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 256%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Pakistan dominates exports structure, accounting for X tons, which was approx. 93% of total exports in 2021. It was distantly followed by India (X tons), constituting a 5.5% share of total exports.

Exports from Pakistan increased at an average annual rate of +3.5% from 2012 to 2021. At the same time, India (+41.7%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +41.7% from 2012-2021. From 2012 to 2021, the share of India increased by +5.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) remains the largest preserved fish fillet supplier in Southern Asia, comprising 82% of total exports. The second position in the ranking was held by India ($X), with an 11% share of total exports.

In Pakistan, preserved fish fillet exports expanded at an average annual rate of +5.0% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, with an increase of 4.7% against the previous year. Export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved fish fillet export price increased by +16.4% against 2018 indices. The growth pace was the most rapid in 2013 when the export price increased by 63% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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 Pakistan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.4%).

Preserved Fish Fillet Imports

Imports in Southern Asia

After six years of growth, purchases abroad of fish fillets (dried, salted or in brine, but not smoked) decreased by -19% to X tons in 2021. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 138% against the previous year. The volume of import peaked at X tons in 2020, and then reduced markedly in the following year.

In value terms, preserved fish fillet imports contracted remarkably to $X in 2021. Over the period under review, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 78% against the previous year. The level of import peaked at $X in 2020, and then reduced sharply in the following year.

Imports by Country

Bangladesh represented the main importer of fish fillets (dried, salted or in brine, but not smoked) in Southern Asia, with the volume of imports accounting for X tons, which was near 67% of total imports in 2021. It was distantly followed by Sri Lanka (X tons), achieving a 26% share of total imports. The following importers - Bhutan (X tons) and India (X tons) - each recorded a 5.9% share of total imports.

Bangladesh was also the fastest-growing in terms of the fish fillets (dried, salted or in brine, but not smoked) imports, with a CAGR of +77.8% from 2012 to 2021. At the same time, India (+39.4%) and Bhutan (+8.4%) displayed positive paces of growth. Sri Lanka experienced a relatively flat trend pattern. From 2012 to 2021, the share of Bangladesh and India increased by +66 and +2.9 percentage points, respectively.

In value terms, the largest preserved fish fillet importing markets in Southern Asia were Bangladesh ($X), Sri Lanka ($X) and Bhutan ($X), with a combined 95% share of total imports.

In terms of the main importing countries, Bangladesh, with a CAGR of +65.2%, saw the highest rates of growth with regard to 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, dropping by -20.7% against the previous year. Overall, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of 12% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, 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 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 Bhutan (+8.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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