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                                                                      The  major  fishery  species  caught  in  national
                                                                      waters  comprise  shrimp,  crab,  lobsters  and  fish
                                                                      such  as  sardine,  hilsa,  mackerel,  tuna,  seabream
                                                                      and  eel,  among  others.  Shellfish  such  as  shrimp,
                                                                      lobster,  and  crab  are  important  export  species.
                                                                      Exports  of  fishery  products  increased  by  40%
                                                                      during  the  2018-2019  fiscal  year  from  the  2012-
                                                                      2013  fiscal,  indicating  progress  in  the  export
                                                                      sector.  According  to  the  Ministry  of  Maritime
                                                                      Affairs, the fisheries export target for the 2019-2020
                                                                      fiscal  is  approximately  200  000  tonnes.  In  2019,
                                                                      these  exports  totaled  124  960  tonnes  valued  at
                                                                      US$ 165 million, and consisting of 56% fresh frozen
                                                                      fish, 30% dried/salted fish and 10% shrimp.

                                                                      In  total,  some  20%  of  Pakistan’s  fish  production
                                                                      enters international trade, with the main markets
                                                                      being China, Taiwan, UAE, South Korea and Malaysia
                                                                      (Table 2). About half of the total fishery exports in
                                                                      volume  comprises  fresh/frozen  fish,  followed  by
                                                                      dried/salted fish, and shrimp .

          Locally caught lobsters in fish shops
          Table 2: Exports of fishery products from Pakistan, by destination, 2014/15-2018/19 (Q=tonnes; V= US$ million)


              Country         2014-15           2015-16          2016-17         2017-18           2018-19
                            Q         V       Q        V       Q       V       Q       V       Q         V
               China       35 196   61.81   36 865   65.32   35 123   64.32  37 235   65.34   36 123    64.42
              Taiwan       28 122   28.50   28 455   29.44   28 936   30.12  32 261   32.12   31 758    31.89
               UAE         13 097   39.07   14 334   41.66   14 632   42.23  15 223   43.23   14 653    42.63
               Korea       6 144    21.45    9 135   23.22   10 324   24.36  11 632   25.42   10 423    24.85
              Malaysia     7 829    11.13    8 917   12.22    9 321   13.25   9 631   14.63   8 765     13.87
             Saudi Arabia  7 055    25.11     7      26.36    7 652   26.96   8 123   27.65   7 652     26.54
              Sri Lanka    5 423    22.13    5 653   23.58    5 763   24.32   6 321   24.99   5 638     23.76
              Vietnam      4 458    19.48    4 763   21.63    5 412   23.15   5 965   24.11   5 321     23.89
              Kuwait       4 621    12.94    4 963   13.88    4 521   12.34   4 832   13.23   4 326     12.87
            EU Countries    608      2.13    1 113    4.23    1 355   4.96    1 856   6.53    1 765     6.01

          Shifts in consumer purchase                          among the Velocity 12 group of economies, according to a
          patterns                                             report by Ogilvy and Mather.
                                                               It is the expansion of the urbanised middle income population
          There is no doubt that modern seafood retailing will be driven   segment that will be one of, if not the main, determinants for
          by  both  middle  income  groups  and  the  Gen  Y  millennials   a shift in consumer purchase options and decisions on where
          whose numbers continue to rise, across the globe.  In Pakistan,   to source foods. According to data on the current population
          approximately 30% of the population comprises the middle   of Pakistan delivered by Worldometer’s RTS algorithm, which
          income category, a percentage which is known to be among   processes data collected from the United Nations Population
          the fastest growing in the world. In addition, Pakistan, as the   Division, some 35% of Pakistan’s 220 million population are in
          fifth largest populous country in the world, has been included   the urban areas, and this figure is forecasted to reach nearly




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