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Marine exports has declined by 10 per cent in July this year to $183 million due to weak demand from main markets such as Europe and Japan.
Marine exports stood at $204 million in July last fiscal, according to the figures released by the Marine Products Export Development Authority (MPEDA).
“Growth is still fragile in Europe and demand is yet to pick up,” an MPEDA official said.
Besides, exporters are getting fewer number of orders from the Japanese market due to the occurrence of earthquake and tsunami there earlier this year, he added.
Of the country’s total marine exports, Europe accounts for 26 per cent, followed by Japan 13 per cent and China over 10 per cent.
During April-July this year, marine exports grew about 8 per cent to $643.81 million as compared with the same period last year.
The country’s marine exports include black tiger shrimp, fresh water prawn shrimp, frozen versatile fish, frozen skip jack and frozen squid; and the consignments are mostly from Maharashtra, Kerala, Tamil Nadu and West Bengal.
In 2010-11, the country’s exports of seafood items grew by an impressive 25.5 per cent to $2.6 billion as compared with the previous fiscal’s.
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