India: Market for Fresh Or Chilled Salmonoids Fillets 2025

Market Size for Fresh Or Chilled Salmonoids Fillets in India

The Indian market for fresh or chilled salmonoids fillets was estimated at $X in 2022, approximately equating the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.5% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Production of Fresh Or Chilled Salmonoids Fillets in India

In value terms, fresh or chilled salmonoids fillets production stood at $X in 2022 estimated in export price. In general, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 23%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of Fresh Or Chilled Salmonoids Fillets

Exports from India

For the third consecutive year, India recorded decline in shipments abroad of fresh or chilled salmonoids fillets, which decreased by -25.5% to X tons in 2022. In general, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2014 when exports increased by 87%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, fresh or chilled salmonoids fillets exports dropped dramatically to $X in 2022. Over the period under review, exports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 86%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Bhutan (X tons), Bangladesh (X tons) and Kuwait (X tons) were the main destinations of fresh or chilled salmonoids fillets exports from India, with a combined 77% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +8.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), Bhutan ($X) and the United Arab Emirates ($X) appeared to be the largest markets for fresh or chilled salmonoids fillets exported from India worldwide, with a combined 85% share of total exports.

Kuwait, with a CAGR of +8.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for fresh or chilled salmonoids fillets stood at $X per ton in 2022, growing by 8.2% against the previous year. Over the period under review, the export price recorded strong growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 164%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Or Chilled Salmonoids Fillets

Imports into India

In 2022, approx. X tons of fresh or chilled salmonoids fillets were imported into India; jumping by 1,365% on the year before. Overall, imports showed prominent growth. The growth pace was the most rapid in 2014 with an increase of 12,017% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, fresh or chilled salmonoids fillets imports surged to $X in 2022. Over the period under review, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 3,763% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Bangladesh (X tons) was the main fresh or chilled salmonoids fillets supplier to India, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bangladesh totaled +20.2%.

In value terms, Bangladesh ($X) constituted the largest supplier of fresh or chilled salmonoids fillets to India.

From 2012 to 2022, the average annual rate of growth in terms of value from Bangladesh amounted to +10.1%.

Import Prices by Country

The average import price for fresh or chilled salmonoids fillets stood at $X per ton in 2022, with an increase of 2.4% against the previous year. In general, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 178% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Bangladesh.

From 2012 to 2022, the rate of growth in terms of prices for Guinea amounted to +139.1% per year.

Source: IndexBox Platform

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