India: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2025

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in India

The Indian meat and fish extracts market expanded to $X in 2021, surging by 1.8% against the previous year. The market value increased at an average annual rate of +4.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in India

In value terms, meat and fish extracts production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 28% against the previous year. Meat and fish extracts production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports from India

After two years of growth, overseas shipments of extracts and juices of meat, fish, crustaceans and molluscs decreased by -19.9% to X tons in 2021. Overall, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2015 when exports increased by 1,120% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, meat and fish extracts exports shrank markedly to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 605%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for meat and fish extracts exports from India, with a 68% share of total exports. Moreover, meat and fish extracts exports to South Korea exceeded the volume sent to the second major destination, Israel (X tons), fourfold. The third position in this ranking was held by Thailand (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea amounted to +91.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+43.0% per year) and Thailand (-17.8% per year).

In value terms, South Korea ($X) remains the key foreign market for extracts and juices of meat, fish, crustaceans and molluscs exports from India, comprising 70% of total exports. The second position in the ranking was taken by Israel ($X), with a 17% share of total exports. It was followed by Thailand, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea totaled +85.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+36.8% per year) and Thailand (-9.0% per year).

Export Prices by Country

The average meat and fish extracts export price stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, the export price, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 361%. The export price peaked at $X per ton in 2020, and then shrank modestly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+62.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports into India

Meat and fish extracts imports into India fell notably to X tons in 2021, with a decrease of -25.7% against the year before. Overall, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 133% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, meat and fish extracts imports fell dramatically to $X in 2021. In general, imports recorded a slight reduction. The most prominent rate of growth was recorded in 2017 with an increase of 335% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then fell rapidly in the following year.

Imports by Country

The United States (X tons), South Korea (X tons) and Thailand (X tons) were the main suppliers of meat and fish extracts imports to India, together accounting for 82% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +119.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of extracts and juices of meat, fish, crustaceans and molluscs to India, comprising 76% of total imports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total imports. It was followed by China, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +149.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-2.7% per year) and China (+75.3% per year).

Import Prices by Country

In 2021, the average meat and fish extracts import price amounted to $X per ton, which is down by -20.9% against the previous year. Overall, the import price, however, saw significant growth. The pace of growth was the most pronounced in 2017 an increase of 510% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+46.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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