March 29, 2024

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Passion For Business

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

The Covid pandemic and sluggish abroad markets have cast their shadow around India’s resurgent seafood sector, as the place exported eleven,49,341 tonnes of marine solutions worth Rs 43,717.26 crore ($five.ninety six billion) throughout FY 2020-21, dropping by 10.88 for every cent in volume conditions compared with the yr-ago time period.

 

The US, China and the European Union ended up the top importers, when frozen shrimp retained its posture as the major export item, followed by frozen fish.

In 2019-twenty, India exported twelve,89,651 tonnes of seafood worth Rs 46,662.eighty five crore ($6.68 billion), marking a 6.31 for every cent decrease in rupee conditions and 10.eighty one for every cent in greenback price in 2020-21.

“The pandemic drastically affected seafood exports throughout the to start with 50 % of the yr, but it revived perfectly in the last quarter of 2020-21. Also, the aquaculture sector done much better throughout this fiscal by contributing sixty seven.ninety nine for every cent of exported things in greenback conditions and 46.forty five for every cent in amount, which is four.forty one for every cent and two.forty eight for every cent higher, respectively, when compared to 2019-twenty,” said K. S. Srinivas, Chairman of the Maritime Solutions Export Development Authority.

Frozen shrimp contributed 51.36 for every cent in amount and seventy four.31 for every cent of the total greenback earnings. The US remained its major importer (two,seventy two,041 tonnes), followed 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).

Nonetheless, shrimp exports declined by 9.47 for every cent in greenback price and 9.50 for every cent in amount. Over-all, shrimp exports ended up five,90,275 tonnes worth $four,426.19 million. The export of Vannamei (white leg) shrimp decreased from five,twelve,204 tonnes to four,ninety two,271 tonnes in 2020-21.

Japan, the major industry for Black Tiger (Penaeus monodon) shrimp, had a 39.68 for every cent share in greenback conditions, followed by the US (26.03 for every cent), South-East Asia (9.32 for every cent), the EU (8.95 for every cent ), West Asia (6.04 for every cent) and China (three.seventy six for every cent).

Other components that affected exports

Besides the pandemic effects, the Mpeda chairman said quite a few other components negatively impacted seafood exports throughout 2020-21. On the output facet, there ended up lessened fish landings because of to fewer fishing times, gradual logistic actions and industry uncertainties. Shortage of employees in fishing and processing plants, paucity of containers at seaports, elevated air freight fees and limited flight availability affected exports, specially of superior-price chilled and live solutions.

The scenario in the abroad industry was yet another dampener. In China, container shortage, elevated freight fees, and Covid screening on seafood consignments brought on industry uncertainties. In the US, scarcity of containers manufactured it tricky for exporters to execute orders in time. Closure of the HoReCa (lodge, cafe and café) phase also affected need. In Japan and the EU, Covid-induced lockdowns manufactured retail, cafe, supermarket and lodge use sluggish.