Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

India to see subdued growth in prawn exports:ICRA.

Date: 10-01-2019
Subject: India to see subdued growth in prawn exports:ICRA
Kochi: Volume growth in India’s  prawn exports is expected to slow down to 7-10% in this calendar year after four years of robust growth, ratings agency ICRA  said in a report.
The agency attributed the sluggishness to weak demand in the European and Japanese markets while demand from China and the US are expected to grow. During the period between 2013 and 2017, shrimp  exports were up by 17% annually.

EU and Japan contributed 11.6% and 6.5% of the total exports during the first 10 months of fiscal 2018.

According to ICRA, Chinese prawn demand would be hurt by low domestic production growth, coupled with growing domestic prawn consumption. Any potential trade agreements between India and China are also expected to augur well for Indian prawn exports. 

“The country derives almost 87% of its prawn export  demand from the US, EU, China, Vietnam and Japan. The healthy growth in the past four years was attributed to weak production dynamics in other major prawn producing nations such as Thailand and Vietnam leading to strong uptick in demand for Indian prawn,” said Pavethra Ponniah, VP and sector head - corporate sector ratings, at ICRA.

In terms of key export volumes, the US has accounted for majority of India’s prawn exports, accounting for 38% of the total prawn exports in the first ten months of the calendar year 2018. This was driven by a steady increase in US demand due to lower production in disease-hit Thailand. 

This was followed by strong exports growth to Vietnam and China, which overtook EU in the calendar year 2016 to become the second largest destination for Indian shrimp exports. The same was due to healthy demand for shrimp in China and weak domestic production.

“Going forward, Indian exporters face stiff competition from Ecuador, Indonesia and Vietnam. A strong uptick in major prawn production since CY2017 has intensified competition amongst leading global prawn exporting nations. ICRA expects increasing prawn production amongst the top prawn producing nations to cause demand supply mismatches inducing volatile in prices,” Ponniah added.

Source: timesofindia.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 24-10-2020

Date: 21-10-2020
Notification No. 38/2020-Customs
Notification regarding exemption of duties of Customs against scrips issued under the RoSL scheme for apparel and made-ups sectors.

Date: 21-10-2020
Notification No. 07/2020 – Central Excise
Notification regarding exemption of duties of Central Excise against scrips issued under the RoSL scheme for apparel and made-ups sectors

Date: 20-10-2020
Notification No. 37/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, regarding the rate of duty of customs on imports of "Polybutadiene Rubber" originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement.

Date: 15-10-2020
Notification No. 99/2020 - Customs (N.T.)
Exchange rate Notification No.99/2020-Cus (NT) dated 15.10.2020- regd.

Date: 13-10-2020
Trade Notice No. 30/2020-2021-DGFT
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under GSP, GSTP, India-Malaysia CECA, India-Singapore CECA w.e.f. 15th October 2020

Date: 09-10-2020
Notification No. 39/2015-2020
Amendment in Export Policy of Onions

Date: 08-10-2020
Circular No. 44/2020-Customs
Procedure for inspection of ICDs/CFSs/AFSs -reg

Date: 08-10-2020
Notification No. 49/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 07-10-2020
Public Notice No.24 /2015-20
Revision of SION H-68, H-301 & H-302 of Export Products- Double Decorative/Single side Laminates with or without Barrier Paper

Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001