Pakistan: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Pakistan

The Pakistani battered fish fillet market was estimated at $X in 2023, approximately mirroring the previous year. Over the period under review, the total consumption indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2021; afterwards, it flattened through to 2023.

Battered Fish Fillet Production in Pakistan

In value terms, battered fish fillet production reached $X in 2023 estimated in export price. In general, the total production indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2019 when the production volume increased by X%. Battered fish fillet production peaked at $X in 2021; afterwards, it flattened through to 2023.

Battered Fish Fillet Exports

Exports from Pakistan

In 2023, overseas shipments of fish fillets in batter or breadcrumbs decreased by X% to X tons, falling for the second year in a row after three years of decline. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, battered fish fillet exports stood at $X in 2023. Over the period under review, exports saw resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for battered fish fillet exports from Pakistan, accounting for a X% share of total exports. Moreover, battered fish fillet exports to Hong Kong SAR exceeded the volume sent to the second major destination, Thailand (X tons), fourfold. China (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and China (X% per year).

It was followed by China, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Hong Kong SAR totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and China (X% per year).

Export Prices by Country

The average battered fish fillet export price stood at $X per ton in 2023, almost unchanged from the previous year. In general, the export price saw a resilient expansion. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports into Pakistan

In 2023, imports of fish fillets in batter or breadcrumbs into Pakistan shrank notably to X tons, reducing by X% compared with the previous year's figure. Over the period under review, imports, however, showed modest growth. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then reduced dramatically in the following year.

In value terms, battered fish fillet imports dropped notably to $X in 2023. Overall, imports, however, continue to indicate noticeable growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2023, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Iran (X tons) and Vietnam (X tons) were the main suppliers of battered fish fillet imports to Pakistan, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Iran (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Iran ($X) and Vietnam ($X) were the largest battered fish fillet suppliers to Pakistan, with a combined X% share of total imports.

Iran, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average battered fish fillet import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price, however, recorded a strong expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform