As per the latest report by IMARC Group, the India aqua inputs and supplements market exhibited strong growth during 2015-2020. Looking forward, the market expects to grow at a CAGR of 14.6% during (2021-2026)
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India s seafood exports see 21 per cent rise in Financial Year 2017-18
India s seafood exports see 21 per cent rise in Financial Year 2017-18 PTI | Updated on: 02 Jul 2018, 06:13:19 PM
Kochi:
Setting a new high in exports, India’s shipment of 13,77,244 MT of seafood earned USD 7.08 billion during the financial year 2017-18 as compared to figures of 11,34,948 MT and USD 5.77 billion respectively in the previous fiscal, registering a growth of 21.35 per cent.
Frozen shrimp and frozen fish continued to be the flagship export items, the Marine Products Exports Development Authority (MPEDA) said in a release in Kochi.
In rupee terms, the exports of marine products were pegged at Rs 45,106.89 crore as against Rs 37,870.90 crore in FY 2016-17, notching a healthy growth of 19.11 per cent, it said.
Covid appears to have taken a heavy toll in the seafood exports from the country as these saw an all-round drop in quantity, value and in US dollar terms during 2020-21, as compared to 2019-20.According to the figures released by the Marine .