Analysis of Indian Shrimp Exports and its Prices in Major International Markets

Abstract

Huge quantities of shrimp are produced in developing countries for export to Japan, United States, and Western Europe. Shrimp is one of the major seafood export product from India and the country is the 4th largest exporter of shrimp in Asia with a 2.43% share in the 50 billion dollar world seafood market. This paper discusses the trend in shrimp export prices in the major markets viz., Japan, USA and the EU countries. The competitiveness of Indian shrimp exports to the US market was studied and it was found that the country’s relative competitiveness was less compared to its competing countries. An analysis of prices of frozen shrimp exports from India to the major international markets is also presented.