India’s seafood exports at current prices (in value terms) grew by 67.75% to $7.38 billion in 2023-24 from $5 billion in 2013-14. During the same period, the export of frozen shrimps, which are India’s flagship seafood product, alone increased by 65.57%—rising from $3.2 billion to $4.88 billion—while the exports of other seafood items together grew just 38%—from $1.8 billion in 2013-14 to $2.5 billion in 2023-24.
These data suggest that frozen shrimps will remain the flagship product of India’s seafood exports for the foreseeable future. The key component that enables quick supply response to market demand is inventory, along with the ability to step up production on short notice. Indian farmed production of P. vannamei (Pacific white shrimp) increased from 1731 tonnes in 2009-10 to 815,745 tonnes in 2021-22. In contrast, the production of farmed P. monodon
(black tiger shrimp) declined from 95,919 tonnes to 27,616 tonnes during the same period. This implies that around 8.5 lakh tonnes were available for the market in 2021-22. According to data from the Marine Products Export Development Authority (MPEDA), India exported 7.28 lakh tonnes of shrimp
in 2021-22 and 7.16 lakh tonnes in 2023-24. Assuming 7 lakh tonnes are exported annually, the domestic market is left with 1 lakh tonne of farmed shrimp for local consumption. It is only the low-count shrimp that remains behind, serving the domestic market. Data also indicates that there has not been any notable increase in production in recent years that could help diversify the export market.
Production enhancements happen through horizontal expansion in areas where suitably identified land is available. The area under P. monodon has declined to 27,616 per hectare (ha) in 2021-22 from 95,919 ha in 2009-10, while the area under P. vannamei increased to 815,745 ha in 2020-21 from 1,731 ha in 2009-10. In 2020-21, the yield of P. mondon was 0.47 tonnes per ha, while the yield of P. vannamei was 7.52 tonnes per ha. A cursory examination of the data shows that there has not been a remarkable expansion in either area or yield in the recent past.
Source Name : Economic Times