Exploring the Growth of Fish Exports from India: Key Trends and Analysis

Did you even know? India is the fourth largest export market for fish. India has a long coastline and abundant water resources and is a critical player in the world market for fish. According to the figures on fish exports from India, the exports of marine products were $6.34 billion between April 2023 and January 2024. The figure is 7.5 percent less than the shipping during the previous year’s time frame.

As we get closer to 2024, let’s look at our world of Indian exports of fish, including the most recent developments, important Indian market research, and valuable resources for those who want to export on this site. Our goal is to assist you in setting the right course for a successful fish export venture. Let’s take an overview of our fishing lines and then explore the oceans of export possibilities.

It is the Booming Indian Fish Industry

More than 50 million people worldwide depend on fishing to earn a life, with an additional 150 million working in fishing-related industries. Based on Indian export data, India is a significant fish exporter with a business expected to generate more than 476 billion INR by 2020.

According to fish export data from India, the fish sector will export more than 579 billion Indian rupees by 2022. This puts India among the five biggest exporters of fish in the world.

India is a significant player in the world market; thanks to its extensive coasts and exploding aquaculture sector, it has become an essential participant in the global seafood market. Let’s now get into the details of fish exports from India.

Top Indian fish exports:

• Shrimp: India has the largest share of exports for shrimp, with varieties such as vannamei and black Tiger prawns in high demand.
• Basmati Patta (Hilsa): This cherished Ganges species is regarded as the top exporter of fish from India and is in major demand in the international market.
• Freshwater fish: The most popular freshwater choices delivered via India are Pangasius, Rohu, and Catla.
• Ornamental Fish: The vital aquarium industry contributes greatly to Indian fish exports.

Fish Exports from India 2023–24

• Based on data from fish exports, India exported 118.4K of fresh fish. 356 Indian exporters were delivering to 1,722 buyers.
• According to the data of fish exporters, India exports most fresh fish to the UAE, the UK, and Saudi Arabia. India is the largest exporter of fish fresh from the ocean.
• Additionally, India is the largest exporter of dried and fresh fish, with 118.355 shipments, followed by the Netherlands with 37,682 and France third with 23,632 shipping.

Global Outlook:

• India’s exports of fish are constantly increasing. According to data from fish exporters, the country broke records in 2022–23, exporting more than 17 million tonnes of seafood valued at $8.09 billion.
• Fish exports from India are expected to grow to 31.7 million tonnes of metric by 2028. This is a dramatic increase in domestic production. This could lead to a rise in surplus exportables.

Top 10 Fish Exporting Countries in 2023

The top 10 fish exporting countries are as follows:

1. Norway
2. China
3. Chile
4. Canada
5. USA
6. Spain
7. Indonesia
8. Uk
9. Turkey
10. France

Exports of fish in India: Key destinations

• Southeast Asia: Vietnam, Thailand, and Malaysia are the main producers of Indian seafood, including Prawns.
• USA: The United States is a significant and highly sought-after market for Indian prawns, basmati patta, and many other items. Also, get fish export from India to USA.
• Europe: Despite strict quality standards, Indian seafood exporters who comply with them find the right conditions in Europe.
• Middle East: The demand for Indian seafood, especially the basmati patta and processed fish products, is growing.

Shrimp that was frozen remained the top export product in terms of value and quantity, and China and the United States emerged as the top buyers of Indian seafood.

The prawns that were frozen, earning an estimated 43,135.58 billion (US $ 5481.63 million), were the main item in the list of fish exports from India which accounted for 40.98 percent in total quantity and 67.72 percent of total US dollar revenue. At the same time, the prawn exports increased by 1.01 percent in the value of rupees.

According to fish exporters’ data, the total quantity of frozen prawns exported in 2022–23 is estimated to be 7,11,099 metric tons. The United States was the largest importer of frozen Prawns (2,75,662 MT), followed by:

• China (1,45,743 MT)
• The European Union (95,377 MT)
• South East Asia (65,466 MT)
• Japan (40,975 MMT)
• Middle East (31,647 MT)

For outside markets in terms of outside markets, the United States remained the largest importer of Indian seafood, in terms of value terms of imports, with $2,632.08 million, representing 32.52 percent of the overall.

• China was ranked second in India’s largest export destination for seafood in terms of volume and US dollars, with an import of 4,055,547 MT valued at US$1,088,43 million — 1,508.43 million, representing 23.37 percent in quantity and 18.64 percent in US dollars.
• The European Union is believed to remain the third largest destination, with the import of 2,07,976 tonnes, worth $1,263.71 million. Frozen prawns constitute the top export product for this particular market, growing their value to 15.12 percent and 7.20 percent in rupees and US dollars, respectively.
• South East Asia is the fourth-largest market, with imports of 4,31.774 MT valued at US $ 1191.25 million. Prawns frozen in the freezer are the top export product, accounting for 15.16 percent of overall volume and 35.17 percent of the amount to US dollars, resulting in a 46.08 percent increase.
• Japan was the fifth largest importer, with 6.29 percent of total imports and 5.99 percent in US dollars, with a 9.99 percent increase.

Top fish exporting companies in India

The following are the top fish exporting companies in India:

• Abad Fisheries Pvt Ltd
• Ananda Group
• Angelplus Syndicate
• Anmol Feeds Private Limited.
• AquaExchange
• Aquaconnect
• Aquamarine International

Where can I find the importers of fish?

Seair’s dashboard based on data shows worldwide fish exports and fish importers data, fish exporters data, and fish export by country. More than 100 countries count on us to provide accurate, current information about trade worldwide. We also have an extensive database of more than 100 nations worldwide, including Vietnam and Bangladesh, the United States, Turkey, and Bangladesh.

In addition, our professional data team is highly knowledgeable and genuine, with extensive processing of export data of fishers expertise. We offer the most precise and reliable trade statistics for maritime products.

Conclusion

Exports of fish from India offer significant development potential. Accepting innovation, value-added, and sustainable practices for fishing is essential to long-term success. However, opening a fish export company could be a business opportunity in India. You may require documentation for exports, including an export permit or data for exporting fish, a certificate of origin, an FSSAI Food license, a CRES certification, etc.

Additionally, the government plans to increase India’s share of the global market for seafood from 4.1 percent to 6.7 percent by 2030. Exports of fish from India to the international market are lucrative for businesses operating in the growing seafood sector.

If you’re searching for accurate information on fish exporters or exports of fish to a specific country, Seair Exim Solutions is an excellent choice. Contact us for organized, vetted, and well-organized data. Book your free live demo today!