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India - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndia's Frozen Crustaceans Price Reduces Slightly to $6,786 per Ton
India Frozen Crustaceans Export Price in February 2023
In February 2023, the frozen crustaceans price amounted to $6,786 per ton (FOB, India), stabilizing at the previous month. In general, the export price showed a slight setback. 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 attained the maximum at $7,961 per ton in February 2022; however, from March 2022 to February 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In February 2023, the countries with the highest prices were Canada ($8,128 per ton) and Japan ($7,743 per ton), while the average price for exports to China ($5,513 per ton) and Vietnam ($5,795 per ton) were amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-0.2%), while the prices for the other major destinations experienced a decline.
COUNTRY | Export Price of Frozen Crustaceans in India (USD per ton) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
Canada | 9,277 | 9,295 | 8,505 | 8,980 | 8,791 | 8,508 | 8,706 | 8,983 | 8,968 | 8,593 | 8,167 | 8,002 | 8,128 |
Japan | 7,969 | 7,772 | 9,556 | 9,087 | 7,988 | 8,414 | 8,634 | 9,183 | 9,096 | 8,567 | 7,796 | 8,083 | 7,743 |
United Kingdom | 9,059 | 8,812 | 8,667 | 8,925 | 8,721 | 8,847 | 8,204 | 8,209 | 8,052 | 7,957 | 7,587 | 7,306 | 7,710 |
United States | 9,304 | 9,084 | 8,842 | 8,675 | 8,644 | 8,329 | 8,391 | 8,370 | 8,415 | 8,269 | 7,831 | 7,699 | 7,606 |
Russia | 8,393 | N/A | 9,374 | 9,224 | 8,507 | 8,323 | 8,235 | 8,268 | 8,478 | 8,335 | 7,459 | 7,743 | 7,089 |
Belgium | 8,028 | 7,898 | 7,838 | 8,024 | 8,311 | 8,185 | 8,312 | 7,447 | 7,363 | 6,767 | 6,731 | 6,837 | 6,778 |
Netherlands | 6,580 | 6,972 | 6,569 | 7,323 | 7,379 | 7,312 | 7,528 | 7,422 | 7,476 | 7,303 | 6,742 | 6,214 | 6,115 |
United Arab Emirates | 6,962 | 6,619 | 6,996 | 6,850 | 6,643 | 6,230 | 6,672 | 6,288 | 6,741 | 6,648 | 6,208 | 6,301 | 6,104 |
Vietnam | 7,161 | 6,612 | 6,442 | 6,222 | 6,503 | 6,654 | 6,883 | 6,747 | 6,080 | 5,530 | 5,462 | 5,909 | 5,795 |
China | 6,440 | 6,731 | 6,707 | 6,852 | 6,772 | 6,660 | 6,514 | 6,513 | 6,089 | 5,482 | 5,214 | 5,567 | 5,513 |
Average | 7,961 | 7,820 | 7,735 | 7,728 | 7,543 | 7,543 | 7,636 | 7,722 | 7,606 | 7,262 | 6,698 | 6,869 | 6,786 |
India Frozen Crustaceans Exports
In February 2023, overseas shipments of frozen crustaceans decreased by -7.6% to 40K tons, falling for the second consecutive month after two months of growth. Over the period under review, total exports indicated a slight increase from February 2022 to February 2023: its volume increased at an average monthly rate of +1.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, exports decreased by -29.9% against December 2022 indices. The pace of growth was the most pronounced in March 2022 when exports increased by 32% month-to-month.
In value terms, frozen crustaceans exports reduced to $269M (IndexBox estimates) in February 2023. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 with an increase of 29% against the previous month.
India Frozen Crustaceans Exports by Country
The United States (14K tons) was the main destination for frozen crustaceans exports from India, accounting for a 36% share of total exports. Moreover, frozen crustaceans exports to the United States exceeded the volume sent to the second major destination, China (4.9K tons), threefold. Vietnam (4K tons) ranked third in terms of total exports with a 10% share.
From February 2022 to February 2023, the average monthly growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: China (-0.7% per month) and Vietnam (+9.9% per month).
In value terms, the United States ($109M) remains the key foreign market for frozen crustaceans exports from India, comprising 41% of total exports. The second position in the ranking was held by China ($27M), with a 10% share of total exports. It was followed by Vietnam, with an 8.7% share.
From February 2022 to February 2023, the average monthly rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: China (-2.0% per month) and Vietnam (+8.0% per month).
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
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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