Southern Asia: Preserved Sardines Market 2024

Preserved Sardines Market Size in Southern Asia

The South Asian preserved sardines market amounted to $X in 2022, almost unchanged from the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Preserved Sardines Production in Southern Asia

In value terms, preserved sardines production dropped to $X in 2022 estimated in export price. In general, production recorded 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 production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Preserved Sardines Exports

Exports in Southern Asia

In 2022, shipments abroad of sardines (prepared or preserved) increased by X% to X tons, rising for the third consecutive year after three years of decline. In general, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by X%. 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, preserved sardines exports declined to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

India represented the main exporter of sardines (prepared or preserved) in Southern Asia, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Bangladesh (X tons), comprising a X% share of total exports.

India was also the fastest-growing in terms of the sardines (prepared or preserved) exports, with a CAGR of X% from 2012 to 2022. Bangladesh (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by X percentage points.

In value terms, India ($X) remains the largest preserved sardines supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports.

In India, preserved sardines exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, reducing by X% against the previous year. Export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved sardines export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

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

Preserved Sardines Imports

Imports in Southern Asia

In 2022, overseas purchases of sardines (prepared or preserved) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a precipitous decline. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then reduced dramatically in the following year.

In value terms, preserved sardines imports contracted significantly to $X in 2022. Overall, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then declined significantly in the following year.

Imports by Country

Nepal was the key importing country with an import of about X tons, which amounted to X% of total imports. India (X tons) ranks second in terms of the total imports with a X% share, followed by Bangladesh (X%), Afghanistan (X%) and Sri Lanka (X%). Bhutan (X tons) and Maldives (X tons) followed a long way behind the leaders.

Imports into Nepal decreased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%), Bangladesh (X%) and Maldives (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Bhutan (X%), Afghanistan (X%) and Sri Lanka (X%) illustrated a downward trend over the same period. While the share of Nepal (X p.p.), India (X p.p.), Bangladesh (X p.p.), Bhutan (X p.p.), Maldives (X p.p.) and Afghanistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (X p.p.) displayed negative dynamics.

In value terms, Nepal ($X), India ($X) and Sri Lanka ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, India, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, surging by X% against the previous year. In general, the import price posted a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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