Southern Asia: Fish Parts Market 2024

Fish Parts Market Size in Southern Asia

The South Asian fish parts market was estimated at $X in 2022, growing by 1.6% against the previous year. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.3% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Fish Parts Production in Southern Asia

In value terms, fish parts production expanded slightly to $X in 2022 estimated in export price. Overall, production recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of 883% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Fish Parts Exports

Exports in Southern Asia

In 2022, the amount of fish heads, tails and maws exported in Southern Asia skyrocketed to X tons, jumping by 97% against the year before. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fish parts exports reduced markedly to $X in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2015 when exports increased by 413% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Pakistan (X tons) represented the key exporter of fish heads, tails and maws, making up 53% of total exports. India (X tons) ranks second in terms of the total exports with a 30% share, followed by Sri Lanka (14%). Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +72.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the largest fish parts supplier in Southern Asia, comprising 77% of total exports. The second position in the ranking was held by Sri Lanka ($X), with an 11% share of total exports. It was followed by Pakistan, with a 6.4% share.

In India, fish parts exports expanded at an average annual rate of +6.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sri Lanka (+2.3% per year) and Pakistan (+89.9% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, shrinking by -61.9% against the previous year. Over the period under review, the export price, however, posted a pronounced increase. The pace of growth was the most pronounced in 2015 when the export price increased by 314%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+10.4%), while the other leaders experienced mixed trends in the export price figures.

Fish Parts Imports

Imports in Southern Asia

In 2022, supplies from abroad of fish heads, tails and maws decreased by -59.9% to X tons, falling for the fifth consecutive year after two years of growth. Overall, imports showed a dramatic setback. The most prominent rate of growth was recorded in 2017 when imports increased by 131% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, fish parts imports contracted notably to $X in 2022. Over the period under review, imports recorded a sharp curtailment. The growth pace was the most rapid in 2017 with an increase of 176% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Bangladesh was the largest importer of fish heads, tails and maws in Southern Asia, with the volume of imports accounting for X tons, which was approx. 77% of total imports in 2022. Maldives (X kg) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (5.1%). Sri Lanka (X kg) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fish parts imports into Bangladesh stood at -17.3%. Maldives (-17.1%), Pakistan (-22.1%) and Sri Lanka (-34.8%) illustrated a downward trend over the same period. While the share of Bangladesh (+41 p.p.) and Maldives (+8.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (-7.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Maldives ($X) constitutes the largest market for imported fish heads, tails and maws in Southern Asia, comprising 64% of total imports. The second position in the ranking was taken by Bangladesh ($X), with an 18% share of total imports. It was followed by Pakistan, with a 15% share.

In Maldives, fish parts imports declined by an average annual rate of -2.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (-28.0% per year) and Pakistan (-6.2% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, growing by 65% against the previous year. In general, the import price recorded a temperate expansion. The most prominent rate of growth was recorded in 2013 when the import price increased by 348%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+20.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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