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

The Covid pandemic and sluggish overseas markets have cast their shadow above India’s resurgent seafood sector, as the country exported eleven,forty nine,341 tonnes of maritime merchandise really worth Rs forty three,717.26 crore ($five.ninety six billion) throughout FY 2020-21, dropping by ten.88 per cent in volume conditions in contrast with the 12 months-ago interval.

 

The US, China and the European Union had been the main importers, although frozen shrimp retained its position as the significant export merchandise, adopted by frozen fish.

In 2019-twenty, India exported 12,89,651 tonnes of seafood really worth Rs 46,662.eighty five crore ($6.68 billion), marking a 6.31 per cent drop in rupee conditions and ten.eighty one per cent in greenback value in 2020-21.

“The pandemic considerably impacted seafood exports throughout the to start with fifty percent of the 12 months, but it revived nicely in the past quarter of 2020-21. Also, the aquaculture sector executed greater throughout this fiscal by contributing 67.ninety nine per cent of exported things in greenback conditions and 46.forty five per cent in amount, which is four.forty one per cent and two.48 per cent better, respectively, when in contrast to 2019-twenty,” said K. S. Srinivas, Chairman of the Marine Merchandise Export Enhancement Authority.

Frozen shrimp contributed 51.36 per cent in amount and 74.31 per cent of the full greenback earnings. The US remained its biggest importer (two,seventy two,041 tonnes), adopted by China (1,01,846 tones), the EU (70,133 tonnes), Japan (forty,502 tonnes), South-East Asia (38,389 tonnes), and West Asia (29,108 tonnes).

On the other hand, shrimp exports declined by nine.47 per cent in greenback value and nine.50 per cent in amount. Over-all, shrimp exports had been five,ninety,275 tonnes really worth $four,426.19 million. The export of Vannamei (white leg) shrimp decreased from five,12,204 tonnes to four,ninety two,271 tonnes in 2020-21.

Japan, the significant market place for Black Tiger (Penaeus monodon) shrimp, experienced a 39.68 per cent share in greenback conditions, adopted by the US (26.03 per cent), South-East Asia (nine.32 per cent), the EU (eight.ninety five per cent ), West Asia (6.04 per cent) and China (3.76 per cent).

Other things that impacted exports

Other than the pandemic effect, the Mpeda chairman said quite a few other things negatively impacted seafood exports throughout 2020-21. On the manufacturing side, there had been lowered fish landings due to much less fishing days, gradual logistic movements and market place uncertainties. Scarcity of employees in fishing and processing vegetation, paucity of containers at seaports, enhanced air freight expenses and confined flight availability impacted exports, in particular of superior-value chilled and stay merchandise.

The situation in the overseas market place was a further dampener. In China, container lack, enhanced freight expenses, and Covid tests on seafood consignments triggered market place uncertainties. In the US, scarcity of containers produced it tricky for exporters to execute orders in time. Closure of the HoReCa (resort, cafe and café) section also impacted desire. In Japan and the EU, Covid-induced lockdowns produced retail, cafe, supermarket and resort usage sluggish.