With 18% and 11% YoY Drops in Export Volume in August and September, India’s Q3 2024 Exports Drop by 8% YoY

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 L. vannamei:
  • US:
    • September 2024: 19,964 MT = -3% year over year
    • Q3 2024: -1% year over year
    • Year total: +2% year over year
  • China:
    • September 2024: 5,679 MT = -52% year over year
    • Q3 2024: -36% year over year
    • Year total: -6% year over year
  • EU
    • September 2024: 3,403 MT = -2% year over year
    • Q3 2024: +20% year over year
    • Year total: +7% year over year
• Raw P. monodon:
  • China:
    • September 2024: 2,513 MT = 0% year over year
    • Q3 2024: -23% year over year
    • Year total: -22% year over year
  • US:
    • September 2024: 1,003 MT = +62% year over year
    • Q3 2024: +82% year over year
    • Year total: +64% year over year
  • EU
    • September 2024: 978 MT = +38% year over year
    • Q3 2024: +38% year over year
    • Year total: +29% year over year
• Value-added:
  • US:
    • September 2024: 5,502 MT = -7% year over year
    • Q3 2024: -2% year over year
    • Year total: 0% year over year
  • Canada:
    • September 2024: 519 MT = +38% year over year
    • Q3 2024: +13% year over year
    • Year total: +17% year over year
  • EU
    • September 2024: 278 MT = +33% year over year
    • Q3 2024: +21% year over year
    • Year total: +2% year over year