According to a report by Globefish, a unit within the United Nations Food and Agriculture Organization, the seafood export value from India is expected to reach $2.3 billion — a growth of 41 percent this year. The abundant vannamei shrimp harvest in India will boost India’s seafood export performance in 2017, along with that of Chile.
FIS reports that significant import growth is forecast for the South East Asian emerging markets in particular, while the traditional “big three” comprising the United States, EU and Japan will all see a surge in seafood demand due to improving economic conditions. The value of world trade in fish and fishery products is expected to increase by a projected 5.8 percent to $150.9 billion in 2017.
The top five shrimp exporters in 2016 were India, Vietnam, Ecuador, Indonesia and Thailand.
