Marine Products Exports from India Fetches a Foreign Exchange of USD 5.5 Billion

Marine Products Exports from India Fetches a Foreign Exchange of USD 5.5 Billion

Marine Products Exports from India Fetches a Foreign Exchange of USD 5.5 Billion in 2014-15
During the financial year 2014-15, exports of marine products reached an all-time high of USD 5511.12 million. Marine product exports crossed all previous records in quantity, rupee value and USD terms. Exports aggregated to 10,51,243 MT valued at Rs. 33441.61 crores and USD 5511.12 million. Compared to the previous year, seafood exports recorded a growth of 6.86 % in quantity, 10.69% in rupee and 10.05 % growth in USD earnings.

Frozen shrimp continued to be the major export item in the export basket in terms of quantity and value, accounting for a share of 34.01 % in quantity and 67.19% of the total USD earnings. Shrimp exports during the period increased by 18.60%, 16% and 15.54% in quantity, rupee value and USD value respectively. However unit value realization decreased to 10.38 USD/Kg from 10.65 in 2013-14, a negative growth of 2.59%.

The overall export of shrimp during 2014-15 was to the tune of 3,57,505 MT worth USD 3,709.76 million. USA is the largest market (1, 12,702 MT) for frozen shrimp exports in quantity terms followed by European Union (81,952 MT), South East Asia (69,068MT) and Japan (30,434 MT).

The contribution of cultured shrimp to the total shrimp export is 76.45% in terms of USD. The export of cultured shrimp has shown positive growth of 21.66% in quantity and 15.53% in USD terms.

During 2014 -15 shrimp aquaculture has shown a tremendous growth (30.64%) and achieved highest production (4,34,558 MT). Production of L. Vannamei increased by 41% to 3,53,413 MT. Black Tiger production remained stagnant at 71400 MT. Scampi production increased by 32% to 7989 MT. Major shrimp producing states have shown positive growth – Andhra Pradesh 2,79,727 MT (+31%), Tamil Nadu 32,785 MT (+20%), Gujarat 30156 MT (+182%), Maharashtra 4426 MT (+113%), Orissa 22539 MT (+56.13%).

The export of Vannamei has shown positive growth of 2,22,176 MT from 1,75,071 MT and USD 2372.80 Million from 1,994.27 million, compared to 2013-14. The export of Vannamei recorded a growth of 26.90% in quantity and 18.98% in USD terms. About 42.77 % of total Vannamei shrimp was exported to USA followed by 20.46% to South East Asian countries, 17.45% to EU, 4.55% to Middle East and 4.18 % to Japan in terms quantity. Export of Black Tiger shrimp has picked up from negative growth during 2013-14 to a positive growth of 0.64% during 2014-15.

The downward trend in unit value realization for L.Vannamei in USA and other markets started during December 2014. The price has dropped from 7.60 USD/pound during November 2014 to 6.95 USD/pound during December 2014. The trend continued till the end of March 2015. It has recorded lowest of 5.90 USD/pound during March 2015. Hence even though export of total shrimp increased by 18.61% in quantity, USD realization value has recorded only 15.55% increase.

Fish, is the second largest export item, accounting for a share of about 29.44% in quantity and 11.24% in USD earnings. Fr. Fish shown negative growth of 4.60%, 12.02% and 12.55% in terms of quantity, rupee value and USD terms. Unit value realization of Fr., fish also decreased by 8.34%.

Fr. Cuttlefish recorded a growth of 20.09% in quantity, 32.17% in rupee value, and 31.81% in USD terms. Unit value realization also increased by 9.76%. Export of Fr. Squid has shown negative growth of 20.44%, 26.37% and 26.27% in terms of Quantity, Rupee Value in and USD terms. It has also shown decrease in unit value realization by 7.33%.

Dried item have shown a positive growth in terms of quantity by 3.89% and in Rupee term by 1.22%, but it has shown negative growth in USD terms by 1.41%. Live items exports have increased by 8.03%, 6.97% and 2.25% in quantity, rupee value and USD realization respectively compared to the previous year. Chilled items have shown 59% increase in quantity. Unit value realization reduced by more than 25%. Other items like Surimi & Analogue products have shown a growth of 14.41%, 31.75%, 29% in quantity, Rupees and USD terms respectively.

Export of Value added products during 2014-15 has been increased to 95,436 MT from 84,549 MT with a growth of 12.88% and to 746.59 Million USD from 634.67 Million USD with a growth of 17.63 %. The major contributor to the export of value added item is Value Added Shrimp items with a share of 63.54% in quantity terms and 75.37% in USD terms. EU is the biggest destination for the value added items. About 42.06% of total Value added products been exported to EU during 2014-15 in terms of quantity and 32.82% in terms of USD followed by USA, South East Asia, Middle East, China and Japan. The share of value added products to the total export is 9.07 % in quantity terms and 13.54 % in USD terms.

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