India: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in India

The Indian fresh fish fillet market expanded modestly to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Fresh fish fillet consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Fresh Fish Fillet Production in India

In value terms, fresh fish fillet production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Fresh Fish Fillet Exports

Exports from India

In 2022, overseas shipments of fresh or chilled fish fillets decreased by X% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fresh fish fillet exports reached $X in 2022. In general, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), the UK (X tons) and France (X tons) were the main destinations of fresh fish fillet exports from India, with a combined X% share of total exports. Spain, Greece, Germany, Mauritius, Nepal and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritius (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the UK ($X) and France ($X) appeared to be the largest markets for fresh fish fillet exported from India worldwide, with a combined X% share of total exports. Germany, Spain, Greece, the Netherlands, Mauritius and Nepal lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Nepal, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fresh fish fillet export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price saw a measured expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fresh Fish Fillet Imports

Imports into India

In 2022, supplies from abroad of fresh or chilled fish fillets increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded a significant expansion. 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 2022, the growth of imports remained at a lower figure.

In value terms, fresh fish fillet imports skyrocketed to $X in 2022. Overall, imports posted a significant increase. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Bangladesh (X tons) constituted the largest supplier of fresh fish fillet to India, accounting for a X% share of total imports. Moreover, fresh fish fillet imports from Bangladesh exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold. Norway (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Bangladesh stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Norway (X% per year).

In value terms, Norway ($X), Bangladesh ($X) and Vietnam ($X) constituted the largest fresh fish fillet suppliers to India, together accounting for X% of total imports. Uganda lagged somewhat behind, accounting for a further X%.

Uganda, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fresh fish fillet import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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