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

Truman Slate

The Covid pandemic and sluggish abroad markets have forged their shadow over India’s resurgent seafood sector, as the state exported 11,49,341 tonnes of maritime goods value Rs 43,717.26 crore ($five.96 billion) throughout FY 2020-21, dropping by ten.88 per cent in volume conditions compared with the calendar year-ago period of time.

 

The US, China and the European Union were being the primary importers, while frozen shrimp retained its situation as the big export product, adopted by frozen fish.

In 2019-twenty, India exported 12,89,651 tonnes of seafood value Rs 46,662.85 crore ($six.sixty eight billion), marking a six.31 per cent decrease in rupee conditions and ten.81 per cent in dollar value in 2020-21.

“The pandemic significantly afflicted seafood exports throughout the initially half of the calendar year, but it revived very well in the final quarter of 2020-21. Also, the aquaculture sector executed better throughout this fiscal by contributing sixty seven.99 per cent of exported objects in dollar conditions and 46.forty five per cent in amount, which is 4.forty one per cent and two.forty eight per cent larger, respectively, when compared to 2019-twenty,” reported K. S. Srinivas, Chairman of the Marine Merchandise Export Improvement Authority.

Frozen shrimp contributed 51.36 per cent in amount and seventy four.31 per cent of the total dollar earnings. The US remained its biggest importer (two,72,041 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).

Nonetheless, shrimp exports declined by 9.forty seven per cent in dollar value and 9.fifty per cent in amount. Overall, shrimp exports were being five,90,275 tonnes value $4,426.19 million. The export of Vannamei (white leg) shrimp decreased from five,12,204 tonnes to 4,ninety two,271 tonnes in 2020-21.

Japan, the big current market for Black Tiger (Penaeus monodon) shrimp, had a 39.sixty eight per cent share in dollar conditions, adopted by the US (26.03 per cent), South-East Asia (9.32 per cent), the EU (8.95 per cent ), West Asia (six.04 per cent) and China (3.76 per cent).

Other elements that afflicted exports

In addition to the pandemic influence, the Mpeda chairman reported a number of other elements negatively impacted seafood exports throughout 2020-21. On the manufacturing side, there were being decreased fish landings because of to much less fishing times, slow logistic movements and current market uncertainties. Shortage of employees in fishing and processing crops, paucity of containers at seaports, enhanced air freight expenses and restricted flight availability afflicted exports, in particular of superior-value chilled and dwell goods.

The circumstance in the abroad current market was one more dampener. In China, container lack, enhanced freight expenses, and Covid testing on seafood consignments prompted current market uncertainties. In the US, scarcity of containers manufactured it difficult for exporters to execute orders in time. Closure of the HoReCa (lodge, restaurant and café) segment also afflicted need. In Japan and the EU, Covid-induced lockdowns manufactured retail, restaurant, supermarket and lodge consumption sluggish.

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