India's shrimps exports soared to $240 Mn during March

 

Marine agriculture is a very important activity in the global market. A major portion of the country's population is engaged in this sector. India stands second on the list of top shrimps exporters globally. According to India import export data, India's shrimps exports hit a record $240 million during March 2024. The United States was the leading shrimp importer from India during March responsible for 39% market share.

China was the second leading shrimp importer with 17% market share. Whereas, Vietnam, Japan, Belgium, United Kingdom and Canada were other major shrimps importers from India responsible for hike in the shrimps imports from India. In February, India's shrimps exports hit a significant value of $248 million. Whereas, during January, the exports of shrimps were over $280 million. This year, India's shrimps exports were on the rise. 

In February, India's shrimps exports hit a significant value of $248 million. Whereas, during January, the exports of shrimps were over $280 million. This year, India's shrimps exports were on the rise. In terms of overall shrimp exports last year, India’s export sales stood at around $3.5 billion in 2023. There was a subtle decline in the shrimp exports of India over the last few years.

According to India export data reports, India’s shrimps exports were $5.2 billion in 2021, whereas it came down to $4.8 billion in 2022. For the financial year 2023, Indian shrimps exports blossomed across the United States which was the top importer of shrimps from India responsible for 40% market share. India customs data shows around $1.4 billion worth of shrimp imports by the United States from India. Whereas, China and Japan were respectively the second and third biggest shrimps importers from India with 16% and 11% market share.

Noor Ice & Cold Storages, Kadalkanny Frozen Foods, Devi Fisheries and Apex Frozen Foods were the leading shrimp export companies from India responsible for the maximum number of shipments last year. India import data reports, India's shrimp exports were $59 million during the financial year 2023. 30% of India's shrimp imports came from the United States for the fiscal year 2023. There was a notable increase in the imports of shrimps from Argentina, Bahrain, the United Kingdom, Mexico and China.

On the other hand, India's shrimp exports were $59 million during the financial year 2023. 30% of India's shrimp imports came from the United States for the fiscal year 2023. There was a notable amount of increase in the imports of shrimps from Argentina, Bahrain, the United Kingdom, Mexico and China. Sandhya Aqua Exports, Falcon Marine Exports, Phillips Foods and Bhimraj Exports were among the leading shrimp importing companies from India.

The major competitors for India in terms of shrimp exports are Ecuador,  Vietnam, Indonesia, Argentina and Thailand. India’s shrimps market slowed down in the past few years. Through Global import export data provider market intelligence, Indian shrimps companies could identify potential shrimps buyers from these markets. A global trade data gives actionable insights over country wise shrimps exports, imports, trade value, quantity, competitors, ports volume and genuine seafood import companies. Indian companies could adhere to these trade statistics in their market research and find appropriate clientbase globally.