India: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in India

The Indian market for caviar (salmon) and caviar substitutes was finally on the rise to reach $X in 2021, after two years of decline. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.6% against 2018 indices. Caviar (salmon) and caviar substitutes consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Caviar (Salmon) And Caviar Substitutes in India

In value terms, caviar (salmon) and caviar substitutes production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production showed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 39% against the previous year. Caviar (salmon) and caviar substitutes production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports from India

In 2021, shipments abroad of caviar (salmon) and caviar substitutes decreased by -0.7% to X kg, falling for the seventh consecutive year after three years of growth. In general, exports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 57%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, caviar (salmon) and caviar substitutes exports dropped to $X in 2021. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 177%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X kg) was the main destination for caviar (salmon) and caviar substitutes exports from India, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to -21.6%.

In value terms, the UK ($X) also remains the key foreign market for caviar (salmon) and caviar substitutes exports from India.

From 2012 to 2021, the average annual growth rate of value to the UK stood at -10.6%.

Export Prices by Country

In 2021, the average export price for caviar (salmon) and caviar substitutes amounted to $X per ton, shrinking by -10% against the previous year. Overall, the export price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2017 an increase of 157% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to +14.1% per year.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into India

In 2021, overseas purchases of caviar (salmon) and caviar substitutes increased by 98% to X kg, rising for the fifth year in a row after two years of decline. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 677% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, caviar (salmon) and caviar substitutes imports soared to $X in 2021. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 300% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Japan (X kg) was the main caviar (salmon) and caviar substitutes supplier to India, with a 94% share of total imports. Moreover, caviar (salmon) and caviar substitutes imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Japan stood at +33.9%.

In value terms, Japan ($X) constituted the largest supplier of caviar (salmon) and caviar substitutes to India, comprising 89% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan stood at +27.4%.

Import Prices by Country

The average import price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, waning by -6.1% against the previous year. Over the period under review, the import price recorded a mild decrease. The most prominent rate of growth was recorded in 2019 an increase of 29%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Japan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+34.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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