India's Booming Marine Exports
AgroSpectrum|AgroSpectrum India August 2023
India’s seafood exports hit an all-time high during the fiscal year 2022-23, with a shipment of 17,35,286 metric tonnes MT) of seafood valued at Rs 63,969.14 crore 8.09 billion). Despite challenges in major export markets like the USA, India witnessed significant growth in both volume and value. Frozen shrimp remained the primary export item in terms of quantity and value, while by-products like surimi ranked as the third largest, generating Rs 2,013.66 crore. Fish and seafood exports from India have been steadily increasing in recent years. The market for seafood is expected to continue growing, leading to soaring exports in the coming years.
Shraddha Warde
India's Booming Marine Exports

India’s seafood export showed remarkable growth in various aspects: 26.73 per cent in quantity, 11.08 per cent in rupee terms, and 4.31 per cent in US dollar terms compared to the previous year’s performance. In 2021-22, India exported 13,69,264 MT of seafood worth Rs 57,586.48 crore ($7,759.58 million).

Frozen Shrimp Tops Export Chart 

Frozen shrimp remained India’s major export item both in terms of quantity and value. The USA and China emerged as the top importers of India’s seafood. Frozen shrimp, which earned Rs 43,135.58 crore ($5481.63 million), retained its position as the most significant item in the basket of seafood exports, accounting for a share of 40.98 per cent in quantity and 67.72 per cent of the total US$ earnings. Shrimp exports saw a slight increase of 1.01 per cent in Rupee value during the period.

The overall export of frozen shrimps during 2022-23 reached 7,11,099 MT. Among the top importers, the USA ranked first with imports of 2,75,662 MT of frozen shrimp, followed by China (1,45,743 MT), the European Union (95,377 MT), South East Asia (65,466 MT), Japan (40,975 MT), and the Middle East (31,647 MT).

Second Largest Export 

Frozen Fish, ranked as the second largest exported item, fetching Rs. 5,503.18 crore ($687.05 million). It accounted for 21.24 per cent in quantity and 8.49 per cent in US$ earnings. This year, the export of frozen fish has seen substantial growth in quantity (62.65 per cent), Rupee value (58.51 per cent), and US$ value (45.73 per cent) terms.

この記事は AgroSpectrum の AgroSpectrum India August 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は AgroSpectrum の AgroSpectrum India August 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

AGROSPECTRUMのその他の記事すべて表示
Small farmers are the greatest asset to India's food security: PM Modi
AgroSpectrum

Small farmers are the greatest asset to India's food security: PM Modi

Prime Minister Narendra Modi centre) along with other dignitaries at the inauguration of the 32nd International Conference of Agricultural Economists ICAE) at National Agricultural Science Centre NASC) Complex, in New Delhi on August 3, 2024.

time-read
6 分  |
AgroSpectrum India Sep 2024
Agri Budgeting Blues
AgroSpectrum

Agri Budgeting Blues

Budgeting blues is a wonderful term to identify what you have and what is necessary to investigate the need. When one deciphers the current Budget specifically for the farm sector blues, there is little Khushi (Happiness) and more Gum (sadness).

time-read
6 分  |
AgroSpectrum India Sep 2024
Unlocking the Potential of Municipal Solid Waste
AgroSpectrum

Unlocking the Potential of Municipal Solid Waste

The more conventional methods of managing waste, such burning and landfilling, become unsustainable. Landfills, although still in widespread usage, are land-use intensive and provide long-term environmental hazards, such as methane emissions and groundwater contamination. Even while incineration is a good way to reduce trash volume, it is energy-intensive and emits dangerous emissions. Cities are looking for new and creative approaches to manage garbage sustainably as conventional approaches become less practical.

time-read
4 分  |
AgroSpectrum India Sep 2024
Why Energy Transition Financing is Crucial for India
AgroSpectrum

Why Energy Transition Financing is Crucial for India

The whole world is badly hit by the cost of energy, including fuel, due to the ongoing geo-political issues. India’s net oil and gas import bill reportedly stood at 122 billion for 2023-24. The Indian economy is the fastest growing economy and estimated to grow between 6.8 and 7.2 per cent in the coming years. No doubt the need for energy is ever increasing. India’s per capita electricity consumption is at 1200 units as compared to the USA which is 12000 units. Energy is a growth engine for any economy. In such a situation, focusing on Energy Transition is quite crucial, with significantly long term financing for 15-20 years in place.

time-read
3 分  |
AgroSpectrum India Sep 2024
Navigating Upstream Challenges in Bioenergy Sector
AgroSpectrum

Navigating Upstream Challenges in Bioenergy Sector

Bharat is at the cusp of a Green Energy Revolution’; and Bioenergy, including Biofuels, is a vital Energy Engine’ to contribute towards the Net Zero 2070 commitment made by India during COP26. Surely, we will get there with collective efforts and partnerships, as we move into COP29 at Azerbaijan this year and beyond and one is sanguine that Bharat will not only lead the 2nd Industrial Revolution but also initiate and lead the Green Energy Revolution’.

time-read
2 分  |
AgroSpectrum India Sep 2024
Why Ensuring Adequate Biomass Supply is Fraught with Challenges
AgroSpectrum

Why Ensuring Adequate Biomass Supply is Fraught with Challenges

In recent years, biomass has emerged as a promising source of bioenergy, offering carbon neutral and sustainable energy. Sourcing and procurement of feedstock in India, however, presents unique challenges due to varying agricultural land, infrastructure constraints and economic conditions. Let's take a closer look.

time-read
4 分  |
AgroSpectrum India Sep 2024
Leveraging Bioenergy to Revitalise Indian Economy
AgroSpectrum

Leveraging Bioenergy to Revitalise Indian Economy

From the early use of fire and animal power that improved lives, to the present world with use of electricity and cleaner sustainable fuels for a multitude of purposes - energy has been the enabler of development.

time-read
4 分  |
AgroSpectrum India Sep 2024
Can Bioenergy Adoption End Stubble Burning Practise?
AgroSpectrum

Can Bioenergy Adoption End Stubble Burning Practise?

Rice is one of the primary agricultural produces in India and a major source of sustenance.

time-read
5 分  |
AgroSpectrum India Sep 2024
Compressed BioGas: The New Hope for Energy Independence
AgroSpectrum

Compressed BioGas: The New Hope for Energy Independence

The global bioenergy landscape is evolving rapidly, with countries around the world recognising its potential to address climate change, enhance energy security, and promote sustainable development. India, with its abundant biomass resources and growing energy demand, is uniquely positioned to lead in the bioenergy sector, particularly in the production and utilisation of Compressed Biogas CBG). Let's delve deep as to how CBG can be a new hope for energy independence for India.

time-read
7 分  |
AgroSpectrum India Sep 2024
Public-Private Partnership in Bioenergy Sector
AgroSpectrum

Public-Private Partnership in Bioenergy Sector

Public-Private Partnerships (PPPS) represent a collaborative approach between government entities and private sector companies to achieve goals that neither party could easily achieve alone.

time-read
4 分  |
AgroSpectrum India Sep 2024