India: Tilapias Market 2022

Tilapias Market Size in India

For the third year in a row, the Indian tilapias market recorded growth in sales value, which increased by X% to $X in 2021. In general, consumption showed a pronounced increase. Tilapias consumption peaked in 2021 and is expected to retain growth in years to come.

Tilapias Production in India

In value terms, tilapias production stood at $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Tilapias Exports

Exports from India

For the third consecutive year, India recorded decline in shipments abroad of tilapias, which decreased by -X% to X tons in 2021. In general, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, tilapias exports dropped to $X in 2021. Overall, exports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (-X% per year) and Cote d'Ivoire (-X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+X% per year) and Cameroon (-X% per year).

Export Prices by Country

In 2021, the average tilapias export price amounted to $X per ton, declining by -X% against the previous year. In general, the export price recorded a mild curtailment. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs 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 the UK ($X per ton), while the average price for exports to Angola ($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 Nigeria (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Tilapias Imports

Imports into India

In 2021, overseas purchases of tilapias increased by X% to X tons, rising for the third year in a row after six years of decline. Over the period under review, imports recorded a slight increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, tilapias imports soared to $X in 2021. Overall, imports recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Bangladesh (X tons) constituted the largest tilapias supplier to India, accounting for a X% share of total imports. Moreover, tilapias imports from Bangladesh exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Bangladesh amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and the UK (+X% per year).

In value terms, the largest tilapias suppliers to India were Bangladesh ($X), China ($X) and the UK ($X), with a combined X% share of total imports.

In terms of the main suppliers, the UK, with a CAGR of +X%, recorded the highest growth rate of 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 tilapias import price stood at $X per ton in 2021, which is down by -X% against the previous year. Overall, the import price, however, saw a resilient increase. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably countryorigin: the country with the highest price was China ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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