Southern Asia: Market for Fresh Or Chilled Salmonoids Fillets 2025

Market Size for Fresh Or Chilled Salmonoids Fillets in Southern Asia

The South Asian market for fresh or chilled salmonoids fillets reduced slightly to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +5.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Fresh Or Chilled Salmonoids Fillets in Southern Asia

In value terms, fresh or chilled salmonoids fillets production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +5.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 38%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Fresh Or Chilled Salmonoids Fillets

Exports in Southern Asia

For the third year in a row, Southern Asia recorded decline in shipments abroad of fresh or chilled salmonoids fillets, which decreased by -15.3% to X tons in 2022. In general, exports faced a dramatic decrease. The growth pace was the most rapid in 2014 when exports increased by 77%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, fresh or chilled salmonoids fillets exports declined remarkably to $X in 2022. Overall, exports saw a precipitous setback. The most prominent rate of growth was recorded in 2013 with an increase of 66% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Pakistan (X tons) and India (X tons) represented roughly 100% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Pakistan (with a CAGR of +4.0%).

In value terms, India ($X) remains the largest fresh or chilled salmonoids fillets supplier in Southern Asia, comprising 72% of total exports. The second position in the ranking was held by Pakistan ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India totaled -22.3%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, declining by -6.9% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh or chilled salmonoids fillets export price increased by +56.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by 65%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.8%).

Imports of Fresh Or Chilled Salmonoids Fillets

Imports in Southern Asia

In 2022, supplies from abroad of fresh or chilled salmonoids fillets increased by 40% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2016 when imports increased by 84%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, fresh or chilled salmonoids fillets imports skyrocketed to $X in 2022. In general, imports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when imports increased by 115% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Afghanistan was the key importing country with an import of around X tons, which accounted for 79% of total imports. It was distantly followed by Nepal (X tons), constituting a 15% share of total imports. Bangladesh (X tons) followed a long way behind the leaders.

Afghanistan was also the fastest-growing in terms of the fresh or chilled salmonoids fillets imports, with a CAGR of +41.8% from 2012 to 2022. At the same time, Nepal (+23.0%) displayed positive paces of growth. By contrast, Bangladesh (-22.2%) illustrated a downward trend over the same period. While the share of Afghanistan (+78 p.p.) and Nepal (+13 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bangladesh (-32.1 p.p.) displayed negative dynamics.

In value terms, the largest fresh or chilled salmonoids fillets importing markets in Southern Asia were Afghanistan ($X), Nepal ($X) and Bangladesh ($X), together accounting for 95% of total imports.

Among the main importing countries, Afghanistan, with a CAGR of +29.0%, 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 mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, reducing by -12.1% against the previous year. In general, the import price recorded a abrupt setback. The pace of growth was the most pronounced in 2016 when the import price increased by 17% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bangladesh ($X per ton), while Afghanistan ($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 (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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