India - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndia's Export of Frozen Crustaceans Drops Significantly to $4.1B in 2024
India Frozen Crustaceans Exports
In 2024, approx. 604K tons of frozen crustaceans were exported from India; declining by -8% on the previous year's figure. Overall, total exports indicated a prominent expansion from 2014 to 2024: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports decreased by -11.2% against 2021 indices. The growth pace was the most rapid in 2017 when exports increased by 31%. The exports peaked at 680K tons in 2021; however, from 2022 to 2024, the exports remained at a lower figure.
In value terms, frozen crustaceans exports dropped to $4.1B (IndexBox estimates) in 2024. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. As a result, the exports attained the peak of $5.2B. From 2022 to 2024, the growth of the exports remained at a lower figure.
| COUNTRY | Export Value of Frozen Crustaceans in India (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| United States | 1,361 | 1,184 | 1,401 | 1,978 | 1,925 | 2,089 | 1,811 | 2,581 | 1,889 | 1,811 | 1,752 |
| China | 36.6 | 59.9 | 47.1 | 81.4 | 282 | 946 | 585 | 767 | 887 | 784 | 680 |
| Japan | 353 | 307 | 309 | 350 | 323 | 334 | 308 | 352 | 331 | 269 | 265 |
| Vietnam | 581 | 501 | 746 | 1,175 | 829 | 195 | 184 | 258 | 292 | 249 | 223 |
| Belgium | 218 | 150 | 96.5 | 132 | 110 | 105 | 106 | 132 | 174 | 157 | 133 |
| Russia | 67.7 | 21.8 | 42.2 | 47.4 | 60.6 | 81.6 | 74.2 | 118 | 120 | 149 | 127 |
| Canada | 119 | 92.1 | 76.1 | 113 | 105 | 92.4 | 105 | 130 | 133 | 133 | 113 |
| United Kingdom | 142 | 104 | 131 | 155 | 116 | 117 | 102 | 129 | 123 | 113 | 102 |
| United Arab Emirates | 148 | 110 | 133 | 156 | 171 | 165 | 140 | 135 | 117 | 110 | 101 |
| Others | 750 | 611 | 536 | 497 | 485 | 468 | 409 | 592 | 774 | 594 | 583 |
| Total | 3,776 | 3,140 | 3,517 | 4,685 | 4,407 | 4,593 | 3,824 | 5,194 | 4,841 | 4,368 | 4,079 |
Exports by Country
the United States (222K tons), China (128K tons) and Vietnam (40K tons) were the main destinations of frozen crustaceans exports from India, together comprising 65% of total exports.
From 2014 to 2024, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +39.6%), while the other leaders experienced more modest paces of growth.
In value terms, the United States ($1.8B) remains the key foreign market for frozen crustaceans exports from India, comprising 43% of total exports. The second position in the ranking was taken by China ($680M), with a 17% share of total exports. It was followed by Japan, with a 6.5% share.
From 2014 to 2024, the average annual growth rate of value to the United States totaled +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+33.9% per year) and Japan (-2.8% per year).
Export Prices by Country
In 2024, the frozen crustaceans price stood at $6,759 per ton (FOB, India), approximately equating the previous year. Overall, the export price, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2021 an increase of 5.8% against the previous year. The export price peaked at $10,742 per ton in 2014; however, from 2015 to 2024, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2024, amid the top suppliers, the countries with the highest prices were the United States ($7,885 per ton) and Japan ($7,805 per ton), while the average price for exports to China ($5,304 per ton) and Vietnam ($5,633 per ton) were amongst the lowest.
From 2014 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-2.0%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the frozen crustaceans market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
