How has the humble shrimp done this year; details here

ZeeBiz WebTeam | Jan 15, 2019, 04:32 PM IST

Shrimp exports growth seen subdued this year: Stiff competition could result in a demand-supply mismatch and induce volatility in shrimp prices going ahead, said Icra report.

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7-10%- Shrimp export volume growth expected during CY2018-CY2019

Image source: Reuters

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17%- Export volume export growth witnessed during CY2013-CY2017

Image source: Reuters

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87% of export demand comes from US, EU, China, Vietnam

Image source: Reuters

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38% of shrimp is exported to the US

Image source: Pixabay

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11.6%- EU accounted for of total exports during 10 months period of FY18

Image source: Pixabay

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6.5% of total exports were made to Japan

Image source: Pixabay

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“Going forward, Indian exporters face stiff competition from Ecuador, Indonesia, and Vietnam. A strong uptick in major shrimp production since CY2-2017 has intensified competition amongst leading global shrimp exporting nations,” Pavethra Ponniah, VP and sector head- Corporate Sector Rating.  Image source: Pixabay