India: Frozen Tilapias Market 2022

Frozen Tilapias Market Size in India

The Indian frozen tilapias market soared to $X in 2020, increasing by X% against the previous year. Over the period under review, consumption posted resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, the market hit record highs in 2020 and is likely to continue growth in years to come.

Frozen Tilapias Production in India

In value terms, frozen tilapias production contracted modestly to $X in 2020 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. As a result, production attained the peak level of $X, and then contracted slightly in the following year.

Frozen Tilapias Exports

Exports from India

Frozen tilapias exports from India shrank significantly to X tons in 2020, falling by -X% compared with 2019. Over the period under review, exports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Exports peaked at X tons in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, frozen tilapias exports fell notably to $X in 2020. Overall, exports recorded a pronounced downturn. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Exports peaked at $X in 2015; however, from 2016 to 2020, exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for frozen tilapias exports from India, accounting for a X% share of total exports. Moreover, frozen tilapias exports to the United Arab Emirates exceeded the volume sent to the second major destination, Oman (X tons), fivefold. Mozambique (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the United Arab Emirates totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+X% per year) and Mozambique (+X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for frozen tilapias exports from India, comprising X% of total exports. The second position in the ranking was occupied by Kuwait ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the United Arab Emirates amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+X% per year) and Oman (+X% per year).

Export Prices by Country

In 2020, the average frozen tilapias export price amounted to $X per ton, with a decrease of -X% against the previous year. In general, the export price saw a slight shrinkage. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Tilapias Imports

Imports into India

In 2020, overseas purchases of frozen tilapias decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. As a result, imports reached the peak of X tons. from 2019 to 2020, the growth imports failed to regain the momentum.

In value terms, frozen tilapias imports totaled $X in 2020. Over the period under review, imports continue to indicate a significant expansion. Imports peaked in 2020 and are likely to continue growth in the near future.

Imports by Country

In 2020, Saudi Arabia (X tons) constituted the largest supplier of frozen tilapias to India, accounting for a X% share of total imports. Moreover, frozen tilapias imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the UK (X tons), sixfold.

From 2007 to 2020, the average annual growth rate of volume from Saudi Arabia was relatively modest.

In value terms, Saudi Arabia ($X) constituted the largest supplier of frozen tilapias to India, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Saudi Arabia was relatively modest.

Import Prices by Country

The average frozen tilapias import price stood at $X per ton in 2020, approximately reflecting the previous year. Over the period under review, the import price saw a noticeable expansion. Over the period under review, average import prices reached the maximum in 2020 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Saudi Arabia ($X per ton), while the price for the UK stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia.

Source: IndexBox Platform

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