India: With 18% and 11% YoY drops in shrimp export volume in August and September

India's shrimp exports experienced a decline in Q3 2024, with a total drop of 8% year-over-year. This decrease was largely due to an 18% and 11% year-over-year drop in August and September, respectively. The export volume of raw L. vannamei shrimp, a key product, also saw a decrease of 18% and 12% in September and Q3 2024, respectively. On the other hand, the export volume of raw P. monodon and value-added shrimp products saw an increase. The US, China, and the EU were the top markets for these exports, with the US showing a significant increase in the export volume of raw P. monodon and value-added shrimp products.

With 18% and 11% YoY drops in shrimp export volume in August and September, India’s Q3 2024 exports drop by 8% YoY. INDIA’S QUARTERLY EXPORT VOLUME FROM Q1 2021 TO Q3 2024 After an 18% year-over-year drop in August, exports dropped by 12% year-over-year in September. The total export volume in Q3 is now behind 8% year on year, though the usual trend in which the export volume grows the first three quarters of the year is maintained. India’s year total export volume is now behind by 1% year over year. Products: Raw L. vannamei: September 2024: -18% year over year. Q3 2024: -12% year over year Year total: -1% Raw P. monodon: In September 2024: +25% year over year. Q3 2024: +14% year over year Year total: +3% year over year Raw wild-caught: In September 2024: -4% year over year Q3 2024: 0% year over year Year total: -4% year over year Value-added: In September 2024: +2% year over year Q3 2024: 0% year over year Year total: +1% year over year Markets (top three markets for each): Raw ...