Seafood and fish export from India?


Did you know that globally, over 50 million individuals depend on fishing as their livelihood, with an additional 150 million engaged in related businesses? India, a significant player in this arena, boasts a booming fish export sector, projected to yield over 476 billion INR in 2020. India ranks fourth globally in fish exports. Notably, India supplies fish and fish products to key markets such as the United States, China, the European Union, Southeast Asia, Japan, and the Middle East.

Today, let's embark on a journey through the intricacies of Fish export from India to international destinations, spanning seafood exports, market insights, and invaluable data.

Is Fish Exportation Lucrative?

Absolutely. The fish export business presents a lucrative opportunity for several reasons:

  1. Vital Food Source: Fish is rich in protein, vitamins, and minerals, serving as a crucial food source for millions globally. This industry supports fishermen, traders, and vendors, contributing significantly to economic development.

  2. High Demand and Growth: With the global seafood market anticipated to reach $150 billion, fish remains in high demand. Growing awareness of its health benefits further fuels this demand, ensuring a promising future for the industry.

  3. Government Support: Governments, including India's, actively support fish exports through incentives like tariff rebates and tax breaks, providing a financial edge to exporters.

According to Global Trade Data, the fish export sector is poised for substantial growth, with a projected compound annual growth rate of 8.81% from 2023 to 2028. This presents an enticing opportunity for entrepreneurs eyeing India's seafood market.

Why Choose Indian Fish Exports?

India emerges as a key player in the global fish export market. In 2022, India's fish export business surpassed 579 billion Indian rupees, solidifying its position among the top five exporters worldwide. The government's concerted efforts aim to enhance India's stature as a leading seafood exporter.

Let's delve deeper into the market size and opportunities for fish exports and seafood from India:

Current Status: India witnessed a steady surge in fish exports, setting records in 2022-23 by exporting over 17 million metric tonnes of seafood valued at $8.09 billion.

Future Outlook: The Indian fish export market is expected to soar to 31.7 million metric tonnes by 2028, indicating significant growth potential and exportable surplus.

Exploring Fish Export and Seafood Data

Fresh chilled fish export from India totaled 118.4K, facilitated by 356 exporters serving 1,722 buyers. The United Arab Emirates, the United Kingdom, and Saudi Arabia are top importers, with India leading in fresh chilled fish exports globally.

Moreover, India dominates the export of fresh and dry fish, with the United States, China, the European Union, Southeast Asia, Japan, and the Middle East as prominent importers.

Top Fish Exporters in India

Leading exporters include Avanti Feeds, BMR Groups, C Shore Foods, Coral Exports, Falcon Marine Exports, Jeelani Marine Products, JMJ Exports, Megaa Moda, Seven Seas, and Wiser Foods. These entities drive India's dry fish export market.

Navigating Seafood Export

In FY 2022-23, India's seafood exports surged by 26.73% in quantity and 4.31% in value. With 17,35,286 MT exported, valued at US$ 8.09 billion, the United States emerges as a primary importer, followed by China, the EU, Southeast Asia, Japan, and the Middle East. Frozen prawns top the list of export items.

Starting Your Fish Export Business

To venture into fish or seafood export from India, ensure compliance with necessary documentation, including export licenses, certificates of origin, and health certifications. Establishing a solid legal framework is crucial for success.

Finding Importers

Platforms like Eximpedia offer comprehensive data on global fish exports, seafood, and dry fish, aiding businesses in identifying potential importers across numerous countries.

Conclusion

India's fish export industry holds immense promise, underscored by burgeoning demand and government support. For reliable fish export data and market insights, Eximpedia.app stands as a trusted resource. Seize the opportunity to dive into India's thriving seafood export market today!

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