India: Frozen Fish Market 2024

Frozen Fish Market Size in India

In 2022, the Indian frozen fish market decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, posted a measured expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Frozen Fish Production in India

In value terms, frozen fish production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Frozen Fish Exports

Exports from India

In 2022, overseas shipments of frozen fish increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen fish exports surged to $X in 2022. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), Thailand (X tons) and Japan (X tons) were the main destinations of frozen fish exports from India, together accounting for X% of total exports. Malaysia, Tunisia, Taiwan (Chinese), Lithuania, Cameroon, Vietnam and South Korea lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X), Thailand ($X) and Japan ($X) were the largest markets for frozen fish exported from India worldwide, together comprising X% of total exports. Malaysia, Taiwan (Chinese), Lithuania, Tunisia, Vietnam, South Korea and Cameroon lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the average frozen fish export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Cameroon ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into India

In 2022, purchases abroad of frozen fish decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, frozen fish imports surged to $X in 2022. Over the period under review, imports, however, enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X tons), Oman (X tons) and Myanmar (X tons) were the main suppliers of frozen fish imports to India, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Myanmar ($X) and the United States ($X) appeared to be the largest frozen fish suppliers to India, with a combined X% share of total imports.

Among the main suppliers, Myanmar, with a CAGR of X%, recorded 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

The average frozen fish import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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