India - Fish Fillets and Other Fish Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Fish Fillets and Other Fish Meat in India - 2023
Contents:
- Price for Fish Fillets and Other Fish Meat in India (FOB) - 2023
- Price for Fish Fillets and Other Fish Meat in India (CIF) - 2022
- Exports of Fish Fillets and Other Fish Meat in India
- Imports of Fish Fillets and Other Fish Meat in India
Price for Fish Fillets and Other Fish Meat in India (FOB) - 2023
The average export price for fish fillets and other fish meat stood at $2,057 per ton in October 2023, increasing by 5.9% against the previous month. Over the period under review, the export price, however, recorded a slight downturn. The most prominent rate of growth was recorded in January 2023 an increase of 8.1% m-o-m. The export price peaked at $2,551 per ton in October 2022; however, from November 2022 to October 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In October 2023, the countries with the highest prices were China ($2,296 per ton) and Malaysia ($1,987 per ton), while the average price for exports to Japan ($1,679 per ton) and Lithuania ($1,841 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-1.0%), while the prices for the other major destinations experienced a decline.
Price for Fish Fillets and Other Fish Meat in India (CIF) - 2022
The average import price for fish fillets and other fish meat stood at $2,665 per ton in 2022, rising by 38% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fish fillets and other fish meat increased by +73.7% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,981 per ton), while the price for Vietnam stood at $2,002 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.0%).
Exports of Fish Fillets and Other Fish Meat in India
In 2022, the amount of fish fillets and other fish meat exported from India amounted to 121K tons, rising by 13% compared with the previous year. The total export volume increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of fish fillets and other fish meat soared to $312M in 2022. The total export value increased at an average annual rate of +8.4% from 2019 to 2022; 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 26%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Fish Fillets and Other Fish Meat in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 77.0 | 65.6 | 84.9 | 97.6 | 8.2% |
| Thailand | 17.4 | 22.4 | 36.5 | 39.4 | 31.3% |
| Taiwan (Chinese) | 37.0 | 37.0 | 32.0 | 34.1 | -2.7% |
| Lithuania | 3.5 | 1.4 | 8.1 | 27.2 | 98.1% |
| United States | 11.1 | 10.2 | 20.9 | 26.9 | 34.3% |
| Malaysia | 9.5 | 10.4 | 9.9 | 16.3 | 19.7% |
| South Korea | 18.7 | 12.2 | 13.4 | 13.6 | -10.1% |
| Singapore | 11.3 | 9.8 | 10.7 | 11.6 | 0.9% |
| China | 10.5 | 8.2 | 6.5 | 9.4 | -3.6% |
| Russia | 14.0 | 9.3 | 10.5 | 6.5 | -22.6% |
| Belarus | 11.3 | 9.3 | 10.9 | 2.8 | -37.2% |
| Others | 24.0 | 14.2 | 19.8 | 26.9 | 3.9% |
| Total | 245 | 210 | 264 | 312 | 8.4% |
Top Export Markets for Fish Fillets and Other Fish Meat from India in 2022:
- Japan (45.4K tons)
- Thailand (16.6K tons)
- Taiwan (Chinese) (14.8K tons)
- Lithuania (10.2K tons)
- Malaysia (6.7K tons)
- South Korea (5.7K tons)
- Singapore (4.7K tons)
- United States (3.0K tons)
- China (2.8K tons)
- Russia (2.5K tons)
- Belarus (1.2K tons)
Imports of Fish Fillets and Other Fish Meat in India
In 2022, approx. 14K tons of fish fillets and other fish meat were imported into India; jumping by 27% compared with the year before. Overall, imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 29% against the previous year.
In value terms, imports of fish fillets and other fish meat surged to $37M in 2022. In general, imports showed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fish Fillets and Other Fish Meat in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 17.4 | 7.6 | 11.4 | 23.2 | 10.1% |
| United States | 1.6 | 5.6 | 7.8 | 8.4 | 73.8% |
| Bangladesh | 3.8 | N/A | N/A | 0.2 | -62.5% |
| Others | 3.3 | 1.6 | 1.9 | 5.2 | 16.4% |
| Total | 26.2 | 14.8 | 21.1 | 36.9 | 12.1% |
Top Suppliers of Fish Fillets and Other Fish Meat to India in 2022:
- Vietnam (11.6K tons)
- United States (1.7K tons)
- Bangladesh (0.1K tons)
This report provides an in-depth analysis of the market for fish fillets and other fish meat 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 10201100 - Fresh or chilled fish fillets and other fish meat without bones
- Prodcom 10201400 - Frozen fish fillets
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
- Prodcom 10201110 -
- Prodcom 10201510 -
- Prodcom 10201520 -
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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