Southern Asia: Molluscs Market 2024

Molluscs Market Size in Southern Asia

The South Asian molluscs market was estimated at $X in 2023, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Molluscs Production in Southern Asia

In value terms, molluscs production reached $X in 2023 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. 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 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Molluscs Exports

Exports in Southern Asia

In 2023, the amount of molluscs (scallops, mussels, cuttle fish, squid and octopus) exported in Southern Asia expanded rapidly to X tons, increasing by X% compared with 2022 figures. Total exports indicated a remarkable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is likely to see gradual growth in years to come.

In value terms, molluscs exports shrank to $X in 2023. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then shrank in the following year.

Exports by Country

India was the key exporter of molluscs (scallops, mussels, cuttle fish, squid and octopus) in Southern Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2023. It was distantly followed by Pakistan (X tons), creating a X% share of total exports. Sri Lanka (X tons) followed a long way behind the leaders.

Exports from India increased at an average annual rate of X% from 2012 to 2023. At the same time, Pakistan (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. While the share of Pakistan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in India stood at X%. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, declining by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then reduced rapidly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the export price figures.

Molluscs Imports

Imports in Southern Asia

In 2023, the amount of molluscs (scallops, mussels, cuttle fish, squid and octopus) imported in Southern Asia surged to X tons, increasing by X% compared with the year before. Overall, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, molluscs imports skyrocketed to $X in 2023. Over the period under review, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Sri Lanka represented the key importer of molluscs (scallops, mussels, cuttle fish, squid and octopus) in Southern Asia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2023. Maldives (X tons) held the second position in the ranking, followed by India (X tons) and Bangladesh (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to molluscs imports into Sri Lanka stood at X%. At the same time, Maldives (X%) and India (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Bangladesh (X%) illustrated a downward trend over the same period. While the share of Maldives (X p.p.) and India (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Bangladesh (X p.p.) and Sri Lanka (X p.p.) displayed negative dynamics.

In value terms, the largest molluscs importing markets in Southern Asia were Sri Lanka ($X), Maldives ($X) and India ($X), together accounting for X% of total imports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price showed a mild slump. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform