India - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Crustaceans Price in India - 2023
Contents:
- Frozen Crustaceans Price in India (FOB) - 2023
- Frozen Crustaceans Price in India (CIF) - 2022
- Frozen Crustaceans Exports in India
- Frozen Crustaceans Imports in India
Frozen Crustaceans Price in India (FOB) - 2023
In September 2023, the average frozen crustaceans export price amounted to $6,536 per ton, standing approximately at the previous month. Overall, the export price continues to indicate a mild decline. The most prominent rate of growth was recorded in January 2023 an increase of 2.5% m-o-m. Over the period under review, the average export prices hit record highs at $7,722 per ton in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($7,977 per ton), while the average price for exports to the United Arab Emirates ($5,298 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-0.9%), while the prices for the other major destinations experienced a decline.
Frozen Crustaceans Price in India (CIF) - 2022
The average frozen crustaceans import price stood at $8,367 per ton in 2022, reducing by -22.3% against the previous year. Overall, the import price continues to indicate a slight decline. The pace of growth was the most pronounced in 2014 when the average import price increased by 47% against the previous year. As a result, import price reached the peak level of $14,060 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($30,521 per ton), while the price for the UK ($3,007 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Crustaceans Exports in India
Frozen crustaceans exports from India dropped to 637K tons in 2022, which is down by -6.4% on 2021. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 28%. As a result, the exports reached the peak of 680K tons, and then shrank in the following year.
In value terms, frozen crustaceans exports shrank to $4.8B in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 36% against the previous year. As a result, the exports reached the peak of $5.2B, and then fell in the following year.
| Export of Frozen Crustaceans in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,090 | 1,810 | 2,579 | 1,889 | -3.3% |
| China | 946 | 585 | 766 | 887 | -2.1% |
| Japan | 334 | 308 | 351 | 331 | -0.3% |
| Vietnam | 195 | 184 | 258 | 292 | 14.4% |
| Belgium | 105 | 106 | 132 | 174 | 18.3% |
| Canada | 92.4 | 105 | 130 | 133 | 12.9% |
| United Kingdom | 117 | 102 | 129 | 123 | 1.7% |
| Russia | 81.7 | 74.1 | 118 | 120 | 13.7% |
| Netherlands | 83.2 | 81.9 | 108 | 118 | 12.4% |
| United Arab Emirates | 165 | 142 | 139 | 117 | -10.8% |
| France | 55.3 | 54.0 | 80.1 | 103 | 23.0% |
| Others | 329 | 272 | 403 | 553 | 18.9% |
| Total | 4,593 | 3,824 | 5,194 | 4,841 | 1.8% |
Top Export Markets for Frozen Crustaceans from India in 2022:
- United States (219.4K tons)
- China (138.2K tons)
- Vietnam (45.8K tons)
- Japan (38.3K tons)
- Belgium (22.7K tons)
- United Arab Emirates (17.7K tons)
- Netherlands (16.8K tons)
- Canada (15.0K tons)
- United Kingdom (14.4K tons)
- Russia (14.2K tons)
- France (13.0K tons)
Frozen Crustaceans Imports in India
In 2022, imports of frozen crustaceans into India expanded to 4.7K tons, with an increase of 5% compared with the previous year's figure. The total import volume increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, frozen crustaceans imports fell sharply to $39M in 2022. The total import value increased at an average annual rate of +3.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, imports attained the peak of $48M, and then reduced dramatically in the following year.
| Import of Frozen Crustaceans in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.8 | 23.8 | 25.5 | 10.3 | -15.0% |
| China | 0.4 | 1.2 | 6.7 | 9.7 | 189.4% |
| Argentina | 0.3 | 0.6 | 0.6 | 2.4 | 100.0% |
| United Kingdom | 1.9 | 2.4 | 1.5 | 2.1 | 3.4% |
| Ecuador | 3.1 | 0.9 | 0.8 | 1.4 | -23.3% |
| Netherlands | 0.3 | 1.3 | 0.5 | 1.2 | 58.7% |
| Bahrain | N/A | N/A | 0.9 | 0.8 | -11.1% |
| Russia | 0.1 | 0.2 | N/A | 0.8 | 100.0% |
| Belgium | 0.5 | 0.2 | 0.4 | 0.8 | 17.0% |
| Canada | 0.8 | 0.8 | 0.8 | 0.5 | -14.5% |
| Germany | N/A | N/A | N/A | 0.5 | 0% |
| South Korea | 0.2 | 0.2 | 0.4 | 0.2 | 0.0% |
| Vietnam | 2.1 | 0.6 | 0.1 | N/A | -78.2% |
| Others | 8.9 | 8.1 | 9.5 | 8.2 | -2.7% |
| Total | 35.5 | 40.2 | 47.8 | 39.0 | 3.2% |
Top Suppliers of Frozen Crustaceans to India in 2022:
- China (1365.4 tons)
- United Kingdom (685.5 tons)
- United States (338.0 tons)
- Argentina (285.2 tons)
- Ecuador (245.0 tons)
- Netherlands (159.4 tons)
- Canada (132.0 tons)
- Russia (98.4 tons)
- Belgium (92.5 tons)
- Germany (74.0 tons)
- South Korea (67.6 tons)
- Bahrain (65.2 tons)
This report provides an in-depth analysis of the frozen crustaceans 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.
Product coverage:
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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