Import of fishery products in india

The contribution of import of fisheries products to the all-commodity import segment of India is very much negligible. Imported seafood is one of the upcoming promising trade of seafood business which is gradually picking up. With increasing number of Indians travelling across the globe, the benefits of eating healthier seafood (e.g. Atlantic salmon) is fast spreading and in him resulting in growth of the market. Having multibillion-dollar food service, hotel, retail & online industry in India - there is tremendous potential for imported seafood commodity sector. India imported seafood commodity worth of Rs 745 crore in the year 2018-19 with 27.72% growth compared to 2017-18.

HS Code-wise Import of Fisheries Products in India (in Rs Crores)

Sr

No

HS

Code

Commodity

  • 2017-
  • 2018
  • 2018-
  • 2019

%

Growth

1

301

LIVE FISH

28.76

34.96

21.53

2

302

FISH, FRESH OR CHILLED, EXCLUDING FISH FILLETS AND OTHER FISH MEAT OF HEADING 0304

106.97

109.82

2.67

3

303

FISH FROZEN EXCLUDING FISH FILLETS AND OTHER FISH MEAT OF HEADING NO 0304

69.29

72.55

4.7

4

304

FISH FILLETS AND OTHER FISH MEAT (WHETHER OR NOT MINCED), FRESH, CHILLED OR FROZEN

138.15

190.44

37.84

5

305

FISH DRIED SALTED OR IN BRINE; SMOKED FISH COOKED OR NOT BEFORE OR DURING THE SMOKINGPROCESS;FISH MEAL FIT FOR CONSUMPTIO

28.42

26.51

-6.71

Sr

No

HS

Code

Commodity

  • 2017-
  • 2018
  • 2018-
  • 2019

%

Growth

6

306

CRSTCNS W/N IN SHL,LIVE,FRSH,CHLD, FRZN,DRDSLTD/IN BRINE;CRSTCNS,IN SHL, CKD BY STMNG OR BOILING,W/N CHLD, FRZN,DRD,SLTD/IN

187.44

274.09

46.23

7

307

MOLUSCS W/N SHL,LIVE,FRSH,CHLD,FRZN, DRIED,SLTD/INBRINE;AQUATIC INVRTEBRTS EXCLCRSTCNSANDMOLUSCS LIVE,FRSH, CHLD.FRZ

24.34

36.67

50.65

8

308

SEA CUCUMBERS (STICHOPUS JAPONICUS, HOLOTHUROIDEA)

0.05

Total

3

FISH AND CRUSTACEANS, MOLLUSCS AND OTHER AGUATIC INVERTABRATES.

583.40

745.12

27.72

Source: Data derived from Government of India, Ministry of Commerce and Industry, Department of Commerce; updated as of 16.12.2019

Seafood Imports from top ten Countries (Value in Rs Crores)

Sr No

Name of the Country

2017-18

2018-19

% Growth

1

VIETNAM SOC REP

119.33

167.30

40.20%

2

BANGLADESH PR

136.76

159.35

16.52%

3

USA

85.55

139.47

63.03%

4

OMAN

5.67

35.11

519.22%

5

MYANMAR

40.00

28.91

-27.73%

6

UNSPECIFIED

94.38

21.95

-76.74%

7

SINGAPORE

11.40

17.95

57.46%

8

NORWAY

15.97

16.40

2.69%

9

и К

15.99

14.46

-9.57%

10

ECUADOR

13.88

Total of Top 10

525.05

614.78

17.09%

India Total Fish Import (in Rs Crore)

583.40

745.12

27.72%

% Contribution of Top 10 to Total Fish Import

90.00%

82.51%

Source: Data derived from Government of India, Ministry of Commerce and Industry, Department of Commerce; updated as of 16.12.2019

Vietnam is the top importer of seafood to India with a value worth 167.30 Crore Rs in 2018-19 followed by Bangladesh with an import value of Rs 159.67 Crore Rs. Oman emerged as the fourth largest importer of seafood to India with growth of 519.22% in 2018-19 and a value of 35.11 Crore Rs against import of 5.67 Crore Rs in 2017-18.

Economic activity in fisheries of india

Per Capita Income, Product and Final Consumption in India

Per Capita Income, Product and Final Consumption of India (2017-18) (Rs)

Population (in million) At Current Prices

1316

At Constant Prices

Per Capita GDP

129901

Per Capita GDP

100151

Per Capita GNI

128497

Per Capita GNI

99043

Per Capita NNI

114958

Per Capita NNI

87623

Per Capita GNDI

131580

Per Capita PFCE

76619

Per Capita PFCE

56364

Source: Table derived from Statement 1.2, Page No 08, National Account Statistics Report 2019, Ministry of Statistics and Programme Implementation (MoSPI), Government of India

Output of economic activity and capital formation by industry of use - Agriculture, Forestry and Fishing in India (at constant 2011-12 prices)

Agriculture, Forestry and Fishing

Value in Rs Crore

Output

2342177

Intermediate consumption

539139

GVA at basic prices

1803039

CFC

137584

NVA at basic prices

1665455

Gross Capital Formation

273755

GVA to Output Ratio

77

GCF to Output Ratio

11.7

Source: Table derived from Statement 1.5, Page No 13, National Account Statistics Report 2019, Ministry of Statistics and Programme Implementation (MoSPI), Government of India

Item

2011-12

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

Fishing and Aquaculture

68027

71362

76487

82232

90205

99224

111018

Agriculture, Forestry and Fishing

1501947

1524288

1609198

1605715

1616146

1717467

1803039

Total GVA at basic prices

8106946

8546275

9063649

9712133

10491870

11318972

12104165

% Growth YOY

2011-12

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

Fishing and Aquaculture

4.90%

7.18%

7.51%

9.70%

10.00%

11.89%

Agriculture, Forestry and Fishing

1.49%

5.57%

-0.22%

0.65%

6.27%

4.98%

Total GVA at basic prices

5.42%

6.05%

7.15%

8.03%

7.88%

6.94%

Values are in Crore Rs

Contribution of Fisheries GVA (in %)

2011-12

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

To Agriculture GVA

4.53

4.68

4.75

5.12

5.58

5.78

6.16

To Total GVA

0.84

0.84

0.84

0.85

0.86

0.88

0.92

Source: Table derived from Statement 1.6 & 1.6A, Page No 21 & 23, National Account Statistics Report 2019, Ministry of Statistics and Programme Implementation (MoSPI), Government of India

Item

2011-12

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

Fishing and Aquaculture

60039

62915

67436

72535

79782

88000

98896

Agriculture, Forestry and Fishing

1406268

1421409

1497458

1486314

1491336

1586172

1665454

Total NVA at basic prices

7189771

7535614

7963039

8533489

9220979

9938018

10601202

% Growth YOY

2011-12

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

Fishing and Aquaculture

4.79%

7.19%

7.56%

9.99%

10.30%

12.38%

Agriculture, Forestry and Fishing

1.08%

5.35%

-0.74%

0.34%

6.36%

5.00%

Total NVA at basic prices

4.81%

5.67%

7.16%

8.06%

7.78%

6.67%

Values are in Rs Crores

Contribution of Fisheries NVA (in %)

2011-12

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

To Agriculture NVA

4.27

4.43

4.50

4.88

5.35

5.55

5.94

To Total NVA

0.84

0.83

0.85

0.85

0.87

0.89

0.93

Source: Table derived from Statement 1.7, Page No 27, National Account Statistics Report 2019, Ministry of Statistics and Programme Implementation (MoSPI), Government of India

The fishing and aquaculture GVA increased from 68027 Crore Rs in 2011-12 to 111018 Crore Rs in 2017-18 which is almost a growth of 63% in merely 07 years with a base year of 2011-12. Also, the contribution of fisheries GVA not only increased from 4.53% (2011-12) to 6.16% (2017-18) in Agriculture GVA but it also increased from 0.84% (2011-12) to 0.93% (2017-18) to the total GVA of India. This reflects the important role fisheries sector is playing in the Indian economy.

Net Value Added (NVA) is an important term in economic activities. The fishing and aquaculture NVA increased from Rs. 60039 crores in 2011-12 to 98896 crores in 2017-18 showing a substantial growth of 65% in the last 7 years with a base year of 2011-12. At the same time, the percentage contribution of fisheries NVA to agriculture NVA increased from 4.27% (2011-12) to 5.94% (2017-18) & from 0.84% (2011-12) to 0.92% (2017-18) to total NVA of India. Fisheries is one of the consistently fast-growing and high-performing sectors in the Indian economy and continue to play its key role in boosting development in the country.

 
Source
< Prev   CONTENTS   Source   Next >