India: Preserved Sardines Market 2024

Preserved Sardines Market Size in India

The Indian preserved sardines market was estimated at $X in 2022, flattening at the previous year. Over the period under review, the total consumption indicated a pronounced 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 2020 indices. Preserved sardines consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Preserved Sardines Production in India

In value terms, preserved sardines production stood at $X in 2022 estimated in export price. Overall, the total production indicated measured 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 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. Preserved sardines production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Preserved Sardines Exports

Exports from India

In 2022, shipments abroad of sardines (prepared or preserved) increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, preserved sardines exports contracted slightly to $X in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for preserved sardines exports from India, with a X% share of total exports. Moreover, preserved sardines exports to the United Arab Emirates exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X tons), threefold. Burkina Faso (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Burkina Faso (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for sardines (prepared or preserved) exports from India, comprising X% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a X% share of total exports. It was followed by Burkina Faso, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

In 2022, the average preserved sardines export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Gambia ($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 Senegal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sardines Imports

Imports into India

In 2022, purchases abroad of sardines (prepared or preserved) decreased by X% to X tons, falling for the second consecutive year after five years of growth. Overall, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, preserved sardines imports shrank markedly to $X in 2022. Over the period under review, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of preserved sardines to India, accounting for a X% share of total imports. Moreover, preserved sardines imports from Indonesia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia stood at X%.

In value terms, the largest preserved sardines suppliers to India were Indonesia ($X) and Thailand ($X).

Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average preserved sardines import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 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 Thailand ($X per ton), while the price for Indonesia stood at $X per ton.

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

Source: IndexBox Platform

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