Export Performance of Marine Products in India

A marine product is an important sector in Indian economy, provides employment to millions of people and ensures the country’s food security. At present India is contributing about 8 per cent share among the major marine capture producing countries in the world. The production quantity of Indian marine products through inland and marine has increased over the years due to technological developments in production, captures, processing, distribution, transportation, and storage. This study assesses the export performance at basic level of marine products from India. India has Significant Growth period from 2010-11 to 2013-14 shows a particularly sharp increase in total export value, driven largely by the significant rise in Frozen Shrimp exports during this time. Similarly, a substantial jump is observed between 2020-21 and 2021-22, and again between 2021-22 and 2022-23. Market exports performance of the total export value of marine products witnessed a substantial increase over the period, growing from Rs. 3501.11 crore in 1995-96 to Rs. 60523.89 crore in 2023-24, reflecting a robust expansion of the marine product export industry. Dominant markets while Japan was a significant market in the earlier years, the USA, European Union, China, and South East Asia emerged as increasingly dominant export destinations in later years, contributing significantly to the overall export value. Among Indian states, Andhra Pradesh is the leading exporter, followed by Tamil Nadu, West Bengal, Maharashtra and Kerala. Thus, the performance in production of marine products export shows an increasing trend at national level.