India exported 67,614 metric tons (MT) of shrimp in November, an increase of 41 percent compared to the same period last year, with the United States and China being major destinations.
The latest data released by India’s Ministry of Commerce and Industry indicates shrimp exports in November were worth USD 492.84 million (EUR 440.3 million), soaring 31.4 percent from the same month in 2018. That total includes USD 208 million (EUR 185.8 million) worth of shrimp sent to the U.S., up 7.8 percent year-on-year; and USD 175 million (EUR 156.3 million) worth of shrimp sent to China, surging by 380 percent year-on-year.
The U.S. remained the largest buyer of shrimp from India in the month, buying 23,996 MT, up nearly 10 percent year-on-year. It wa followed by China with 22,007 MT, jumping 3.6 times, or a whopping 357 percent, from just 6,152 MT in November 2018.
The other major export markets for shrimp from India in the month included the European Union, Japan, the United Arab Emirates, and Vietnam.
Between April and November 2019, India exported 480,580 MT of shrimp, 7.5 percent higher year-on-year. Of the total, export volumes to the U.S. stood at 202,801 MT, up 11.4 percent year-on-year and accounting for 42.2 percent of India's total shrimp export volumes.
Shrimp exports to China in the period were 120,535 MT, jumping nearly four times from 30,361 MT during April-November 2018 and accounting for 25.1 percent of the total.
Since 2018, China has emerged as a “rising star” in the global shrimp market and this has continued in 2019, Globefish said in a report released in early December last year, adding that shrimp imports to the U.S. and the 28 members of the E.U. were “disappointing."
Exports in the period were worth USD 3.52 billion (EUR 3.14 million), up 5.9 percent from the same period in 2018. The value that India earned from exports of shrimp to the U.S. was USD 1.71 billion (EUR 1.53 billion), increasing 9.8 percent year-on-year, followed by USD 703 million (EUR 628 million) from exports to China, soaring by 400 percent over the April-November period of 2018.
Photo by Chris Chase/SeafoodSource
