Rattibha

🦐Sector: Seafood
🦐India’s seafood exports touch all-time high by volume in FY24
Read for more details 🧵👇

✍️Overview of Indian Seafood Exports
🔹According to recent data from the Marine Products Export Development Authority (MPEDA), India exported 17,81,602 MT of seafood valued at Rs. 60,523.89 crore (US$ 7.26 billion).

🔹Frozen shrimp emerged as the top export item, constituting 40.19% of the total quantity and contributing 66.12% to the total dollar earnings, with major imports from the USA and China.

✍️Leading Export Markets
🔹The USA remained the largest importer of Indian seafood, accounting for 34.53% of the total US$ value, with imports worth US$ 2.55 billion.

🔹Frozen shrimp was the principal item exported to the USA, with black tiger shrimp exports increasing by 35.37% in quantity.

✍️Growth in Export Volumes
🔹Despite market challenges in the USA, EU, and the UK, India recorded a 2.67% increase in export volumes compared to the previous fiscal year.

🔹Chairman D V Swamy IAS highlighted this achievement, stating, "India achieved an all-time high in seafood export volume by shipping 17,81,602 MT worth US$ 7.38 billion."

✍️Key Highlights
🔹Significant growth in black tiger shrimp exports by 24.91%, amounting to 38,987 MT worth Rs. 2,855.27 crore (US$ 342.3 million), with major markets including China, USA, EU, and Japan.

🔹Robust growth in scampi exports by 18.96% in quantity.
🔹Marginal growth in Vannamei shrimp exports by 0.33% in volume but a decline of 11.56% in US dollar terms.

✍️Future Initiatives
🔹The MPEDA has launched initiatives to double the share of value-added seafood exports by 2030, aiming for 20% of total exports to consist of value-added products. This achievement underscores India's resilience and competitiveness in the global seafood market.

✍️7 Indian Seafood Companies in Focus as Rs 1 Trillion Exports Eyed
🔶Avanti Feeds Ltd: (₹ 8,420 Cr.)
🔹Company manufactures and sells shrimp feed and exports processed shrimp to Europe, the USA, Japan, Korea, China, Australia, and the Middle East.
🔹It offers Raw Shrimp, Value-Added Shrimp & Cooked Shrimp, with a production capacity of 22,000 metric tons (MT).

🔶Apex Frozen Foods Ltd: (₹ 728 Cr.)
🔹Company is one of the leading producers and exporters of processed shrimp, manufactures ready-to-eat shrimp products spread across USA, European Union and China etc.
🔹It produces various processed variants of White shrimp and Black Tiger shrimp.

🔶Coastal Corporation Ltd: (₹ 314 Cr.)
🔹Company is engaged in processing and exporting frozen aqua and seafood products, mainly shrimp, to the USA, Europe, Canada, UAE, Saudi Arabia, Hong Kong, Korea, Japan, and Russia.
🔹It offers a range of shrimp products, both sea-caught and from aquaculture, in various forms including raw, cooked, and value-added.

🔶Kings Infra Ventures Ltd: (₹ 372 Cr.)
🔹Company covers the entire aquaculture value chain right from brood stock to packaging, branding and marketing the end product. It operates aquaculture farms in Tuticorin, Tamil Nadu, India.

🔹It is involved in shrimp hatcheries, grow-out farms, contract farming, feed distribution and other ancillary services related to aquaculture.
🔹It exports to the USA, European Union, Japan, China, Middle East, and Far East markets.

🔶Waterbase Ltd: (₹ 331 Cr.)
🔹Company is involved in manufacturing and selling shrimp feeds, shrimp aquaculture, and shrimp hatchery operations and exports its produce to global markets, predominantly Japan, Europe and the United States.
🔹It has expanded its product range by introducing the Baylife brand for farm care products and frozen seafood products.

🔶Sharat Industries Ltd: (₹ 124 Cr.)
🔹Company is a fully integrated aquaculture company involved in shrimp hatchery, farming, shrimp feed manufacturing, shrimp processing, and cold storage.
🔹It produces a wide range of raw and cooked frozen shrimp, along with shrimp feed, sold in markets including Russia, China, Vietnam, Europe, UAE, and Malaysia.

🔶Zeal Aqua Ltd: (₹ 147 Cr.)
🔹Company offers various shrimp options (Easy Peel, Peeled and Deveined, Head ON, Headless, Peeled and Deveined Tail ON) and fishes like Tilapia and Basa (Pangasius), exporting them globally, including to Europe, the USA, Japan, and other countries.
🔹In Japan, the company has two shrimp brands, namely Navik and Patel.

⚡️Disclaimer: The above data should not be considered as a Buy or Sell recommendation. The analysis has been done for educational and learning purpose only.

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