India: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in India

After two years of growth, the Indian battered fish fillet market decreased by -3.1% to $X in 2021. Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +25.8% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2020, and then shrank modestly in the following year.

Battered Fish Fillet Production in India

In value terms, battered fish fillet production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw strong growth. The growth pace was the most rapid in 2013 with an increase of 35%. Battered fish fillet production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Battered Fish Fillet Exports

Exports from India

Battered fish fillet exports from India fell significantly to X tons in 2021, which is down by -20.6% compared with 2020. Over the period under review, exports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 697% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, battered fish fillet exports shrank markedly to $X in 2021. Overall, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by 627%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Egypt (X tons) and Taiwan (Chinese) (X tons) were the main destinations of battered fish fillet exports from India, together accounting for 61% of total exports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +58.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Malaysia ($X) and Taiwan (Chinese) ($X) were the largest markets for battered fish fillet exported from India worldwide, with a combined 57% share of total exports.

In terms of the main countries of destination, Malaysia, with a CAGR of +95.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average battered fish fillet export price stood at $X per ton in 2021, dropping by -1.9% against the previous year. Over the period under review, the export price, however, posted strong growth. The pace of growth was the most pronounced in 2013 an increase of 48% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Maldives ($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 Nigeria (+66.0%), while the prices for the other major destinations experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports into India

For the sixth year in a row, India recorded growth in overseas purchases of fish fillets in batter or breadcrumbs, which increased by 2,268% to X tons in 2021. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, battered fish fillet imports skyrocketed to $X in 2021. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest battered fish fillet supplier to India, accounting for a 64% share of total imports. Moreover, battered fish fillet imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +1,974.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+70.1% per year) and China (+34.4% per year).

In value terms, the largest battered fish fillet suppliers to India were Thailand ($X), the United Arab Emirates ($X) and China ($X), together accounting for 58% of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +1,080.9%, saw the highest rates of growth with regard to 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

In 2021, the average battered fish fillet import price amounted to $X per ton, which is down by -26.1% against the previous year. Over the period under review, the import price recorded a pronounced decrease. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :