Southern Asia: Preserved Herring Market 2024

Preserved Herring Market Size in Southern Asia

The South Asian preserved herring market declined slightly to $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of X% over the period 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 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Preserved Herring Production in Southern Asia

In value terms, preserved herring production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Preserved Herring Exports

Exports in Southern Asia

In 2022, exports of herrings (prepared or preserved) in Southern Asia soared to X tons, increasing by X% compared with 2021 figures. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, preserved herring exports skyrocketed to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Bangladesh represented the largest exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by India (X tons), committing a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of X%).

In value terms, Bangladesh ($X) and India ($X) constituted the countries with the highest levels of exports in 2022.

Among the main exporting countries, Bangladesh, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Bangladesh stood at $X per ton.

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

Preserved Herring Imports

Imports in Southern Asia

In 2022, approx. X tons of herrings (prepared or preserved) were imported in Southern Asia; rising by X% against the previous year. Overall, imports, however, saw a pronounced contraction. The pace of growth appeared the most rapid in 2019 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, preserved herring imports soared to $X in 2022. In general, imports, however, continue to indicate a noticeable setback. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Afghanistan represented the main importer of herrings (prepared or preserved) in Southern Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Nepal (X tons) held the second position in the ranking, distantly followed by Maldives (X tons). All these countries together took near X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Afghanistan ($X) constitutes the largest market for imported herrings (prepared or preserved) in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Maldives ($X), with a X% share of total imports.

In Afghanistan, preserved herring imports contracted by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Maldives (X% per year) and Nepal (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Afghanistan ($X per ton), while Nepal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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