Southern Asia: Market for Fresh Or Chilled Anchovies 2025

Market Size for Fresh Or Chilled Anchovies in Southern Asia

In 2021, after two years of growth, there was significant decline in the South Asian fresh or chilled anchovies market, when its value decreased by -77.3% to $X. In general, consumption recorded a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Fresh Or Chilled Anchovies in Southern Asia

In value terms, fresh or chilled anchovies production skyrocketed to $X in 2021 estimated in export price. Overall, production continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 15,975% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Fresh Or Chilled Anchovies

Exports in Southern Asia

Fresh or chilled anchovies exports surged to X tons in 2021, jumping by 20% compared with the previous year. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,014%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, fresh or chilled anchovies exports surged to $X in 2021. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by 578%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of fresh or chilled anchovieses, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the fresh or chilled anchovieses exports, with a CAGR of +21.0% from 2012 to 2021. While the share of India (+99 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 fresh or chilled anchovies supplier in Southern Asia.

In India, fresh or chilled anchovies exports increased at an average annual rate of +19.7% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, rising by 1.6% against the previous year. In general, the export price, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of 28% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 -1.1% per year.

Imports of Fresh Or Chilled Anchovies

Imports in Southern Asia

In 2021, after two years of growth, there was significant decline in purchases abroad of fresh or chilled anchovieses, when their volume decreased by -94.1% to X tons. In general, imports faced a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 426% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, fresh or chilled anchovies imports reduced sharply to $X in 2021. Overall, imports recorded a dramatic downturn. The growth pace was the most rapid in 2020 with an increase of 310% against the previous year. As a result, imports reached the peak of $X, and then declined significantly in the following year.

Imports by Country

India was the key importer of fresh or chilled anchovieses in Southern Asia, with the volume of imports reaching X tons, which was near 54% of total imports in 2021. It was distantly followed by Nepal (X tons) and Bangladesh (X tons), together creating a 46% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to fresh or chilled anchovies imports into India stood at -22.9%. At the same time, Nepal (+136.3%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +136.3% from 2012-2021. By contrast, Bangladesh (-39.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India and Nepal increased by +32 and +23 percentage points, respectively.

In value terms, the largest fresh or chilled anchovies importing markets in Southern Asia were India ($X), Nepal ($X) and Bangladesh ($X), together comprising 100% of total imports.

Among the main importing countries, Nepal, with a CAGR of +93.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, increasing by 90% against the previous year. Overall, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when the import price increased by 148%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Nepal ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+16.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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