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

The Covid pandemic and sluggish overseas marketplaces have cast their shadow around India’s resurgent seafood


The Covid pandemic and sluggish overseas marketplaces have cast their shadow around India’s resurgent seafood sector, as the nation exported 11,49,341 tonnes of maritime goods truly worth Rs forty three,717.26 crore ($five.ninety six billion) throughout FY 2020-21, dropping by ten.88 for every cent in quantity terms when compared with the calendar year-back time period.

 

The US, China and the European Union had been the major importers, when frozen shrimp retained its situation as the major export item, followed by frozen fish.

In 2019-20, India exported 12,89,651 tonnes of seafood truly worth Rs 46,662.eighty five crore ($6.sixty eight billion), marking a 6.31 for every cent decrease in rupee terms and ten.eighty one for every cent in dollar benefit in 2020-21.

“The pandemic greatly impacted seafood exports throughout the initially 50 % of the calendar year, but it revived very well in the past quarter of 2020-21. Also, the aquaculture sector done improved throughout this fiscal by contributing sixty seven.99 for every cent of exported goods in dollar terms and 46.45 for every cent in quantity, which is four.forty one for every cent and 2.48 for every cent greater, respectively, when when compared to 2019-20,” said K. S. Srinivas, Chairman of the Marine Items Export Enhancement Authority.

Frozen shrimp contributed 51.36 for every cent in quantity and seventy four.31 for every cent of the total dollar earnings. The US remained its greatest 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).

Even so, shrimp exports declined by 9.forty seven for every cent in dollar benefit and 9.50 for every cent in quantity. All round, shrimp exports had been five,90,275 tonnes truly worth $four,426.19 million. The export of Vannamei (white leg) shrimp diminished from five,12,204 tonnes to four,ninety two,271 tonnes in 2020-21.

Japan, the major industry for Black Tiger (Penaeus monodon) shrimp, had a 39.sixty eight for every cent share in dollar terms, 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 impacted exports

Besides the pandemic impression, the Mpeda chairman said quite a few other things negatively impacted seafood exports throughout 2020-21. On the manufacturing facet, there had been lessened fish landings owing to fewer fishing times, slow logistic actions and industry uncertainties. Shortage of employees in fishing and processing crops, paucity of containers at seaports, greater air freight rates and restricted flight availability impacted exports, primarily of high-benefit chilled and are living goods.

The circumstance in the overseas industry was yet another dampener. In China, container scarcity, greater freight rates, and Covid testing on seafood consignments triggered industry uncertainties. In the US, scarcity of containers created it difficult for exporters to execute orders in time. Closure of the HoReCa (lodge, cafe and café) segment also impacted demand from customers. In Japan and the EU, Covid-induced lockdowns created retail, cafe, grocery store and lodge usage sluggish.