Southern Asia: Smoked Salmon Market 2024

Smoked Salmon Market Size in Southern Asia

The South Asian smoked salmon market reduced modestly to $X in 2022, which is down by -2.4% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Smoked Salmon Production in Southern Asia

In value terms, smoked salmon production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 24% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Smoked Salmon Exports

Exports in Southern Asia

In 2022, exports of smoked pacific, atlantic and danube salmon in Southern Asia fell markedly to X tons, with a decrease of -21.9% against 2021 figures. Overall, exports saw a sharp slump. The most prominent rate of growth was recorded in 2015 when exports increased by 1,371% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, smoked salmon exports reduced notably to $X in 2022. In general, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 661% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India was the main exporting country with an export of about X tons, which recorded 61% of total exports. Sri Lanka (X kg) took the second position in the ranking, distantly followed by Bangladesh (X kg). All these countries together took approx. 39% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Sri Lanka (with a CAGR of +50.4%), while the other leaders experienced a decline in the exports figures.

In value terms, India ($X) remains the largest smoked salmon supplier in Southern Asia, comprising 77% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 14% share of total exports.

In India, smoked salmon exports shrank by an average annual rate of -17.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (+30.1% per year) and Bangladesh (-22.1% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, shrinking by -16.2% against the previous year. In general, the export price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of 102%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then fell notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.0%), while the other leaders experienced a decline in the export price figures.

Smoked Salmon Imports

Imports in Southern Asia

In 2022, approx. X tons of smoked pacific, atlantic and danube salmon were imported in Southern Asia; with an increase of 22% compared with 2021. Over the period under review, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2014 when imports increased by 98% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, smoked salmon imports skyrocketed to $X in 2022. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 79%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) was the largest importer of smoked pacific, atlantic and danube salmon, mixing up 68% of total imports. It was distantly followed by Maldives (X tons) and Sri Lanka (X tons), together achieving a 23% share of total imports. Afghanistan (X tons) and Nepal (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the smoked pacific, atlantic and danube salmon imports, with a CAGR of +30.6% from 2012 to 2022. At the same time, Maldives (+15.0%) and Nepal (+4.3%) displayed positive paces of growth. By contrast, Sri Lanka (-5.3%) and Afghanistan (-13.5%) illustrated a downward trend over the same period. India (+58 p.p.) and Maldives (+6.4 p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka and Afghanistan saw its share reduced by -26.7% and -34.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported smoked pacific, atlantic and danube salmon in Southern Asia, comprising 75% of total imports. The second position in the ranking was taken by Maldives ($X), with a 13% share of total imports. It was followed by Sri Lanka, with a 3.3% share.

In India, smoked salmon imports increased at an average annual rate of +36.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Maldives (+13.4% per year) and Sri Lanka (-15.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, with an increase of 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2017 when the import price increased by 16% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nepal ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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