India’s Shrimp Exports Surge Due to Bumper Harvest

According to a report by Globefish, a unit within the United Nations Food and Agriculture Organization, the seafood export value from India is expected to reach $2.3 billion — a growth of 41 percent this year. The abundant vannamei shrimp harvest in India will boost India’s seafood export performance in 2017, along with that of Chile.

shrimp

FIS reports that significant import growth is forecast for the South East Asian emerging markets in particular, while the traditional “big three” comprising the United States, EU and Japan will all see a surge in seafood demand due to improving economic conditions. The value of world trade in fish and fishery products is expected to increase by a projected 5.8 percent to $150.9 billion in 2017.

The top five shrimp exporters  in 2016 were India, Vietnam, Ecuador, Indonesia and Thailand.

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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