
India - Frozen Freshwater Fish - Market Analysis, Forecast, Size, Trends And Insights
India's Price of Frozen Freshwater Fish Rises Modestly to $2,353/Ton
India Frozen Freshwater Fish Export Price in November 2022
In November 2022, the frozen freshwater fish price stood at $2,353 per ton (FOB, India), rising by 1.9% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when the average export price increased by 40% month-to-month. As a result, the export price attained the peak level of $2,703 per ton. From September 2022 to November 2022, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($2,156 per ton), while the average price for exports to Cameroon ($1,156 per ton) was amongst the lowest.
From November 2021 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.
COUNTRY | Nov 2021 | Dec 2021 | Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Export Price of Frozen Freshwater Fish in India (USD per ton) | |||||||||||||
China | 2,282 | 2,019 | 1,791 | 1,769 | 1,852 | 1,811 | 1,822 | 1,739 | 1,660 | 1,856 | 1,899 | 2,011 | 2,156 |
Vietnam | 1,927 | 2,111 | 2,162 | 2,120 | 2,611 | 2,521 | 2,451 | 2,614 | 2,687 | 3,128 | 1,819 | 2,251 | 2,033 |
Cameroon | 1,149 | 1,059 | 1,008 | 1,070 | 1,130 | 1,244 | 1,157 | 1,242 | 1,216 | 1,104 | 1,040 | 1,057 | 1,156 |
Average | 2,384 | 2,169 | 1,846 | 1,877 | 1,922 | 1,950 | 1,841 | 1,922 | 1,927 | 2,703 | 2,148 | 2,309 | 2,353 |
India Frozen Freshwater Fish Exports
In November 2022, overseas shipments of frozen freshwater fish increased by 9.8% to 29K tons, rising for the fourth month in a row after two months of decline. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in September 2022 when exports increased by 445% month-to-month. The exports peaked in November 2022.
In value terms, frozen freshwater fish exports expanded markedly to $68M (IndexBox estimates) in November 2022. Overall, exports showed a buoyant increase. The most prominent rate of growth was recorded in September 2022 when exports increased by 333% m-o-m. Over the period under review, the exports reached the peak figure in November 2022.
India Frozen Freshwater Fish Exports by Country
China (25K tons) was the main destination for frozen freshwater fish exports from India, accounting for a 88% share of total exports. Moreover, frozen freshwater fish exports to China exceeded the volume sent to the second major destination, Cameroon (930 tons), more than tenfold.
From November 2021 to November 2022, the average monthly rate of growth in terms of volume to China stood at +7.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Cameroon (+13.6% per month) and Vietnam (-5.5% per month).
In value terms, China ($55M) remains the key foreign market for frozen freshwater fish exports from India, comprising 81% of total exports. The second position in the ranking was taken by Cameroon ($1.1M), with a 1.6% share of total exports.
From November 2021 to November 2022, the average monthly growth rate of value to China totaled +7.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Cameroon (+13.6% per month) and Vietnam (-5.1% per month).
This report provides an in-depth analysis of the frozen freshwater fish market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
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