In the first half of the year, the export value of Indian shrimp products fell by 16%

Published 2023년 8월 22일

Tridge summary

In the first half of the year, India experienced a decrease in its export volume and value of shrimp products, with a 3% decrease in volume and a 16% decrease in value. Major markets such as the United States and China also witnessed declines in trade volume and value. Indian companies in the shrimp industry, such as Coastal Corporation and Apex Frozen Foods, reported significant declines in revenue in the second quarter.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to data from the Ministry of Commerce of India, the export volume of Indian shrimp products in the first half of the year was 323,680 tons, a year-on-year decrease of 3%, the export value was about US$2.27 billion, a year-on-year decrease of 16%, and the average export price fell by 13% year-on-year to $7.00/kg. the In terms of export volume, the trade volume of major markets such as the United States and China is declining. As India’s largest shrimp export market, the United States has a trade volume of 129,830 tons in the first half of the year, a year-on-year decrease of 7%, and an export value of 1.04 billion US dollars, a year-on-year decrease of 20%. The export volume in June improved, with a year-on-year increase of 5%, but the export value decreased by 8%, and the price fell by 13% to $7.91/kg. the In the first half of the year, India exported 64,804 tons of frozen shrimp to China, a year-on-year decrease of 6%, with a value of US$353 million, a year-on-year ...
Source: Foodmate

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