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Shrimp Insights: India, Indonesia, and Vietnam all poised for continued growth by Toan Dao April 08,2021   |  Source: SeafoodSource

Despite setbacks caused by the COVID-19 pandemic and increasing competition from Ecuador, Asia’s top shrimp exporting nations should expect continued growth, according to a top shrimp market analyst.

Willem van der Pijl, who founded the Seafood Trade Intelligence Portal (STIP) in 2013, formed Shrimp Insights, a consultancy aimed at the shrimp sector, in June 2020. He recently published a series of blogs on his site looking deeper into the shrimp industry in India, Indonesia, and Vietnam.

India, the world’s top shrimp exporter, had a difficult year in 2020, with production and export performance severely hit by the COVID-19 pandemic. The South Asia nation is estimated to have produced between 650,000 and 700,000 metric tons (MT) of shrimp last year, down from 780,000 to 800,000 MT in 2019.

According to data from the Society of Aquaculture Professionals (SAP), production in India’s shrimp-farming states of Odisha, West Bengal, Andhra Pradesh, and Gujarat, all fell in 2020.

And India’s shrimp exports dropped 14 percent year-on-year to 575,000 MT in 2020, with the U.S., China, and the E.U. remaining the country’s primary markets. Its sales of raw peeled products dropped 12 percent to 21,200 MT, though its overall exports of cooked and other value-added products

 

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Theme(s): Post Harvest Technology and Trade.

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