India - Frozen Fish Fillet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIndia's Frozen Fish Fillet Imports Drop Significantly to $17 Million in 2023
India Frozen Fish Fillet Imports
In 2023, supplies from abroad of frozen fish fillet decreased by -24.5% to 8.4K tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 249%. Imports peaked at 14K tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.
In value terms, frozen fish fillet imports shrank rapidly to $17M (IndexBox estimates) in 2023. In general, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 197%. Imports peaked at $25M in 2022, and then fell significantly in the following year.
| COUNTRY | Import Value of Frozen Fish Fillet in India (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Vietnam | 1.6 | 4.8 | 6.3 | 6.2 | 13.6 | 19.2 | 16.8 | 6.9 | 10.3 | 21.5 | 14.7 |
| Norway | N/A | N/A | N/A | 0.5 | 0.6 | 0.2 | 0.1 | 0.2 | 0.5 | 2.0 | 1.4 |
| Denmark | N/A | N/A | N/A | N/A | N/A | 0.1 | N/A | 0.1 | 0.2 | 1.0 | 0.7 |
| China | N/A | N/A | N/A | 0.1 | 0.3 | 0.5 | 0.5 | 0.3 | 0.2 | 0.3 | 0.2 |
| Others | 0.1 | 0.1 | N/A | 0.3 | 0.1 | 1.2 | 1.4 | 0.4 | 0.6 | 0.5 | 0.3 |
| Total | 1.7 | 5.0 | 6.3 | 7.1 | 14.6 | 21.2 | 18.8 | 7.9 | 11.8 | 25.3 | 17.3 |
Imports by Country
In 2023, Vietnam (8.1K tons) was the main frozen fish fillet supplier to India, accounting for a 97% share of total imports. It was followed by Norway (104 tons), with a 1.2% share of total imports. The third position in this ranking was taken by China (57 tons), with a 0.7% share.
From 2013 to 2023, the average annual growth rate of volume from Vietnam totaled +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+60.1% per year) and China (+11.4% per year).
In value terms, Vietnam ($15M) constituted the largest supplier of frozen fish fillet to India, comprising 85% of total imports. The second position in the ranking was taken by Norway ($1.4M), with a 7.8% share of total imports. It was followed by Denmark, with a 3.9% share.
From 2013 to 2023, the average annual rate of growth in terms of value from Vietnam totaled +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+58.5% per year) and Denmark (+42.8% per year).
Import Prices by Country
In 2023, the frozen fish fillet price stood at $2,071 per ton (CIF, India), waning by -9.3% against the previous year. Overall, import price indicated modest growth from 2013 to 2023: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, frozen fish fillet import price increased by +66.6% against 2020 indices. The most prominent rate of growth was recorded in 2022 when the average import price increased by 62%. As a result, import price attained the peak level of $2,283 per ton, and then declined in the following year.
As there is only one major supplying country, the average price level is determined by prices for Vietnam.
From 2013 to 2023, the rate of growth in terms of prices for Vietnam amounted to -0.0% per year.
This report provides an in-depth analysis of the frozen fish fillet 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 10201400 - Frozen fish fillets
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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- 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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- 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: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- 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, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- 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, 2012–2024
