March 29, 2024

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Covid, sluggish overseas markets, hit India’s seafood exports in 2020-21

The Covid pandemic and sluggish abroad markets have cast their shadow about India’s resurgent seafood sector, as the country exported eleven,49,341 tonnes of maritime products and solutions worth Rs forty three,717.26 crore ($5.96 billion) all through FY 2020-21, dropping by ten.88 for each cent in volume phrases in contrast with the year-ago period.

 

The US, China and the European Union ended up the leading importers, though frozen shrimp retained its situation as the main export item, adopted by frozen fish.

In 2019-twenty, India exported twelve,89,651 tonnes of seafood worth Rs forty six,662.eighty five crore ($six.sixty eight billion), marking a six.31 for each cent drop in rupee phrases and ten.eighty one for each cent in dollar worth in 2020-21.

“The pandemic drastically affected seafood exports all through the 1st half of the year, but it revived properly in the final quarter of 2020-21. Also, the aquaculture sector executed superior all through this fiscal by contributing 67.99 for each cent of exported goods in dollar phrases and forty six.45 for each cent in amount, which is four.41 for each cent and 2.forty eight for each cent bigger, respectively, when in contrast to 2019-twenty,” claimed K. S. Srinivas, Chairman of the Maritime Items Export Growth Authority.

Frozen shrimp contributed 51.36 for each cent in amount and 74.31 for each cent of the overall dollar earnings. The US remained its major importer (2,seventy two,041 tonnes), adopted by China (1,01,846 tones), the EU (70,133 tonnes), Japan (40,502 tonnes), South-East Asia (38,389 tonnes), and West Asia (29,108 tonnes).

Even so, shrimp exports declined by 9.forty seven for each cent in dollar worth and 9.50 for each cent in amount. In general, shrimp exports ended up 5,90,275 tonnes worth $four,426.19 million. The export of Vannamei (white leg) shrimp decreased from 5,twelve,204 tonnes to four,ninety two,271 tonnes in 2020-21.

Japan, the main current market for Black Tiger (Penaeus monodon) shrimp, had a 39.sixty eight for each cent share in dollar phrases, adopted by the US (26.03 for each cent), South-East Asia (9.32 for each cent), the EU (eight.ninety five for each cent ), West Asia (six.04 for each cent) and China (3.76 for each cent).

Other variables that affected exports

In addition to the pandemic influence, the Mpeda chairman claimed a number of other variables negatively impacted seafood exports all through 2020-21. On the manufacturing facet, there ended up reduced fish landings owing to much less fishing times, sluggish logistic actions and current market uncertainties. Shortage of employees in fishing and processing crops, paucity of containers at seaports, enhanced air freight prices and constrained flight availability affected exports, in particular of higher-worth chilled and live products and solutions.

The scenario in the abroad current market was a further dampener. In China, container shortage, enhanced freight prices, and Covid tests on seafood consignments caused current market uncertainties. In the US, scarcity of containers manufactured it challenging for exporters to execute orders in time. Closure of the HoReCa (hotel, restaurant and café) section also affected desire. In Japan and the EU, Covid-induced lockdowns manufactured retail, restaurant, grocery store and hotel usage sluggish.