India: Preserved Fish Fillet Market 2024

Preserved Fish Fillet Market Size in India

The Indian preserved fish fillet market dropped modestly to $X in 2022, remaining relatively unchanged against the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Preserved Fish Fillet Production in India

In value terms, preserved fish fillet production shrank modestly to $X in 2022 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Preserved fish fillet production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Preserved Fish Fillet Exports

Exports from India

Preserved fish fillet exports from India reduced dramatically to X tons in 2022, dropping by X% against the previous year. In general, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, preserved fish fillet exports amounted to $X in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), Nepal (X tons) and the Netherlands (X tons) were the main destinations of preserved fish fillet exports from India, with a combined X% share of total exports.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for fish fillets (dried, salted or in brine, but not smoked) exports from India, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Nepal, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Nepal (X% per year).

Export Prices by Country

In 2022, the average preserved fish fillet export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price recorded significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bhutan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Fish Fillet Imports

Imports into India

In 2021, the amount of fish fillets (dried, salted or in brine, but not smoked) imported into India surged to X tons, picking up by X% compared with the previous year's figure. In general, imports posted significant growth. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, preserved fish fillet imports skyrocketed to $X in 2021. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Singapore (X tons) constituted the largest preserved fish fillet supplier to India, accounting for a approx. X% share of total imports.

From 2013 to 2021, the average annual growth rate of volume from Singapore stood at X.8%.

In value terms, Singapore ($X) constituted the largest supplier of fish fillets (dried, salted or in brine, but not smoked) to India.

From 2013 to 2021, the average annual growth rate of value from Singapore amounted to X%.

Import Prices by Country

In 2021, the average preserved fish fillet import price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Singapore.

From 2013 to 2021, the rate of growth in terms of prices for Italy amounted to X.2% per year.

Source: IndexBox Platform

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