India: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in India

The Indian fish meals and pellet market skyrocketed to $X in 2021, with an increase of 1,796% against the previous year. In general, consumption posted modest growth. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Flours, Meals And Pellets Of Fish in India

In value terms, fish meals and pellet production reduced slightly to $X in 2021 estimated in export price. Overall, production showed a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 13% against the previous year. Fish meals and pellet production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Flours, Meals And Pellets Of Fish

Exports from India

In 2021, approx. X tons of flours, meals and pellets of fish were exported from India; waning by -88.8% against the year before. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 1,182% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020, and then dropped notably in the following year.

In value terms, fish meals and pellet exports reduced dramatically to $X in 2021. In general, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 1,107% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Bhutan (X tons) was the main destination for fish meals and pellet exports from India, accounting for a 61% share of total exports. Moreover, fish meals and pellet exports to Bhutan exceeded the volume sent to the second major destination, Nigeria (X tons), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (X kg), with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to Bhutan stood at -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-4.0% per year) and Taiwan (Chinese) (-19.3% per year).

In value terms, the largest markets for fish meals and pellet exported from India were Taiwan (Chinese) ($X), Hong Kong SAR ($X) and Bhutan ($X), together comprising 59% of total exports. Malaysia, China, the United Arab Emirates, Nigeria and Japan lagged somewhat behind, together comprising a further 24%.

Among the main countries of destination, China, with a CAGR of -16.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average fish meals and pellet export price stood at $X per ton in 2021, growing by 12% against the previous year. In general, the export price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 22% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to Bhutan ($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 (+13.5%), while the prices for the other major destinations experienced a decline.

Imports of Flours, Meals And Pellets Of Fish

Imports into India

In 2021, overseas purchases of flours, meals and pellets of fish increased by 148% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2016 when imports increased by 217%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, fish meals and pellet imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2016 with an increase of 225%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest fish meals and pellet supplier to India, accounting for a 61% share of total imports. Moreover, fish meals and pellet imports from Malaysia exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by Thailand (X kg), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia stood at -25.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+40.0% per year) and Thailand (-37.1% per year).

In value terms, Malaysia ($X) constituted the largest supplier of flours, meals and pellets of fish to India, comprising 68% of total imports. The second position in the ranking was taken by France ($X), with a 23% share of total imports. It was followed by Norway, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia stood at -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-8.5% per year) and Norway (-6.1% per year).

Import Prices by Country

In 2021, the average fish meals and pellet import price amounted to $X per ton, shrinking by -35.6% against the previous year. In general, the import price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by 70% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+25.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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