India: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in India

In 2022, after two years of decline, there was growth in the Indian frozen crustaceans market, when its value increased by X% to $X. Overall, consumption continues to indicate a relatively flat trend pattern. Frozen crustaceans consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Frozen Crustaceans Production in India

In value terms, frozen crustaceans production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Frozen Crustaceans Exports

Exports from India

Frozen crustaceans exports from India declined to X tons in 2022, falling by X% against the year before. In general, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, frozen crustaceans exports reduced to $X in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

The United States (X tons), China (X tons) and Vietnam (X tons) were the main destinations of frozen crustaceans exports from India, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for frozen crustaceans exports from India, comprising X% of total exports. The second position in the ranking was held by China ($X), with an X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Japan (X% per year).

Export Prices by Country

The average frozen crustaceans export price stood at $X per ton in 2022, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($X per ton) and Japan ($X per ton), while the average price for exports to Vietnam ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Crustaceans Imports

Imports into India

In 2022, supplies from abroad of frozen crustaceans increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, frozen crustaceans imports dropped significantly to $X in 2022. Overall, imports recorded prominent growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then shrank sharply in the following year.

Imports by Country

China (X tons), the UK (X tons) and the United States (X tons) were the main suppliers of frozen crustaceans imports to India, with a combined X% share of total imports. Argentina, Ecuador, the Netherlands, Canada, Russia, Belgium, Germany, South Korea and Bahrain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Argentina ($X) were the largest frozen crustaceans suppliers to India, with a combined X% share of total imports. The UK, Ecuador, the Netherlands, Bahrain, Russia, Belgium, Germany, Canada and South Korea lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Bahrain, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen crustaceans import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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