19/10/2021

Tannochbrae

Built Business Tough

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

The Covid pandemic and sluggish overseas markets have forged their shadow around India’s resurgent seafood sector, as the state exported 11,forty nine,341 tonnes of maritime items worthy of Rs forty three,717.26 crore ($five.ninety six billion) all through FY 2020-21, dropping by ten.88 for every cent in volume phrases when compared with the 12 months-back period.

 

The US, China and the European Union have been the foremost importers, whilst frozen shrimp retained its place as the major export item, followed by frozen fish.

In 2019-twenty, India exported 12,89,651 tonnes of seafood worthy of Rs 46,662.eighty five crore ($6.68 billion), marking a 6.31 for every cent decline in rupee phrases and ten.eighty one for every cent in dollar price in 2020-21.

“The pandemic greatly influenced seafood exports all through the first fifty percent of the 12 months, but it revived properly in the final quarter of 2020-21. Also, the aquaculture sector performed better all through this fiscal by contributing 67.99 for every cent of exported objects in dollar phrases and 46.forty five for every cent in amount, which is 4.41 for every cent and 2.forty eight for every cent higher, respectively, when when compared to 2019-twenty,” stated K. S. Srinivas, Chairman of the Marine Products Export Progress Authority.

Frozen shrimp contributed fifty one.36 for every cent in amount and seventy four.31 for every cent of the total dollar earnings. The US remained its premier importer (2,72,041 tonnes), followed by China (one,01,846 tones), the EU (70,133 tonnes), Japan (40,502 tonnes), South-East Asia (38,389 tonnes), and West Asia (29,108 tonnes).

Having said that, shrimp exports declined by 9.47 for every cent in dollar price and 9.fifty for every cent in amount. All round, shrimp exports have been five,ninety,275 tonnes worthy of $4,426.19 million. The export of Vannamei (white leg) shrimp reduced from five,12,204 tonnes to 4,ninety two,271 tonnes in 2020-21.

Japan, the major current market for Black Tiger (Penaeus monodon) shrimp, had a 39.68 for every cent share in dollar phrases, followed by the US (26.03 for every cent), South-East Asia (9.32 for every cent), the EU (eight.95 for every cent ), West Asia (6.04 for every cent) and China (3.seventy six for every cent).

Other things that influenced exports

Apart from the pandemic influence, the Mpeda chairman stated many other things negatively impacted seafood exports all through 2020-21. On the generation side, there have been minimized fish landings because of to fewer fishing days, gradual logistic movements and current market uncertainties. Scarcity of employees in fishing and processing crops, paucity of containers at seaports, enhanced air freight rates and constrained flight availability influenced exports, in particular of superior-price chilled and stay items.

The problem in the overseas current market was one more dampener. In China, container shortage, enhanced freight rates, and Covid screening on seafood consignments caused current market uncertainties. In the US, scarcity of containers produced it complicated for exporters to execute orders in time. Closure of the HoReCa (resort, restaurant and café) segment also influenced demand from customers. In Japan and the EU, Covid-induced lockdowns produced retail, restaurant, supermarket and resort consumption sluggish.