India: Frozen Fish Fillet Market 2025

Frozen Fish Fillet Market Size in India

In 2022, the Indian frozen fish fillet market increased by 101% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Frozen Fish Fillet Production in India

In value terms, frozen fish fillet production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate significant growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 88% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Frozen Fish Fillet Exports

Exports from India

In 2022, approx. X tons of frozen fish fillet were exported from India; growing by 35% compared with the previous year's figure. Over the period under review, exports, however, faced a deep slump. The pace of growth was the most pronounced in 2018 when exports increased by 113%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, frozen fish fillet exports soared to $X in 2022. Overall, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 when exports increased by 89% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Italy (X tons) and Spain (X tons) were the main destinations of frozen fish fillet exports from India, with a combined 61% share of total exports. Libya, Mauritius, Germany, Turkey, Algeria, Portugal, France and Japan lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +72.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Italy ($X) and Spain ($X) appeared to be the largest markets for frozen fish fillet exported from India worldwide, together accounting for 72% of total exports. Libya, Germany, Mauritius, Algeria, France, Japan, Portugal and Turkey lagged somewhat behind, together comprising a further 24%.

Among the main countries of destination, Libya, with a CAGR of +35.9%, 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 frozen fish fillet export price stood at $X per ton in 2022, jumping by 18% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +9.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fish fillet export price increased by +48.4% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of 42%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turkey ($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 Thailand (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Fillet Imports

Imports into India

In 2022, approx. X tons of frozen fish fillet were imported into India; jumping by 32% compared with the previous year. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 249%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fish fillet imports skyrocketed to $X in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 197%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Vietnam (X tons) was the main frozen fish fillet supplier to India, with a approx. 98% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Vietnam amounted to +29.0%.

In value terms, Vietnam ($X) constituted the largest supplier of frozen fish fillet to India.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam amounted to +31.4%.

Import Prices by Country

The average frozen fish fillet import price stood at $X per ton in 2022, surging by 62% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fish fillet import price increased by +83.6% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +1.9% per year.

Source: IndexBox Platform

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