Southern Asia: Frozen Fish Meat Market 2025

Frozen Fish Meat Market Size in Southern Asia

In 2021, the South Asian frozen fish meat market decreased by -58.9% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, saw moderate growth. Over the period under review, the market attained the peak level at $X in 2020, and then dropped rapidly in the following year.

Frozen Fish Meat Production in Southern Asia

In value terms, frozen fish meat production expanded modestly to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.7% 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 -1.9% against 2019 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 34%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Frozen Fish Meat Exports

Exports in Southern Asia

In 2021, after two years of decline, there was significant growth in overseas shipments of frozen fish meat, when their volume increased by 14% to X tons. Total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 49%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, frozen fish meat exports skyrocketed to $X in 2021. Overall, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 47%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

India dominates exports structure, recording X tons, which was near 89% of total exports in 2021. It was distantly followed by Pakistan (X tons), mixing up a 9.6% share of total exports.

India was also the fastest-growing in terms of the frozen fish meat exports, with a CAGR of +6.8% from 2012 to 2021. At the same time, Pakistan (+5.1%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest frozen fish meat supplier in Southern Asia, comprising 88% of total exports. The second position in the ranking was held by Pakistan ($X), with a 9.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +6.6%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, with an increase of 12% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 13% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+3.6%).

Frozen Fish Meat Imports

Imports in Southern Asia

In 2021, overseas purchases of frozen fish meat increased by 15% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2013 when imports increased by 70% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, frozen fish meat imports surged to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 72%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

India represented the largest importing country with an import of about X tons, which reached 85% of total imports. It was distantly followed by Pakistan (X tons), generating a 10% share of total imports. Sri Lanka (X tons) held a little share of total imports.

Imports into India decreased at an average annual rate of -3.7% from 2012 to 2021. Pakistan experienced a relatively flat trend pattern. Sri Lanka (-8.2%) illustrated a downward trend over the same period. Pakistan (+3.4 p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka saw its share reduced by -2.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported frozen fish meat in Southern Asia, comprising 84% of total imports. The second position in the ranking was held by Pakistan ($X), with an 11% share of total imports.

In India, frozen fish meat imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Pakistan (+2.8% per year) and Sri Lanka (-9.5% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, rising by 2.6% against the previous year. Import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen fish meat import price increased by +112.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 41%. 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 noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Pakistan ($X per ton), while India ($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 (+4.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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