2017. The US' import value increase, however, was only 74%
China is on the rise as a purchaser in India, with just over 3,500 tonnes in 2011 to just a little less than 9,500 tonnes in 2017, after a decrease of 3,000 tonnes in 2016.
Exports to Europe decreased in 2017, mainly caused by the threat of EU measures against Indian shrimp exports. A new EU regulation implemented in October 2016 mandates that 50% of all shipments of Indian shrimp must be tested for antibiotics, compared to the earlier 10% (Undercurrent, 2016). The costs of these testing procedures are for the importers. Within the European Union, The Netherlands (12,119), the United Kingdom (14,301 tonnes), Belgium (13,063 tonnes), France (7,478 tonnes) and Italy (4,760 tonnes) were the largest importers in 2017. Together they account for approximately 77% of total EU imports. The Netherlands experienced the most significant growth from 6,700 in 2011 to 16,400 tonnes in 2015, which has decreased to 12,100 tonnes in 2017. After its decrease of 28% (5,438 tonnes) in 2016, Belgium’s import remained stable for 2017.
While the volume of exports continued to increase in 2017, values have dropped dramatically in the last years. The price per ton of export decreased from 11,600 US$ to 8,600 US$ in 2013-2017 representing a price drop of more than 20%. The price crash, which is a global phenomenon, is a result from a continuous oversupply of raw material and overstocking in importing countries.