The projected decline in revenue of Indian shrimp in FY26, Pg10

Key Highlights:

• Indian shrimp revenue is projected to decline by 12% in FY26.
• The U.S. is the most critical market for Indian frozen shrimp, representing 41% of export volume and 48% of the value in FY25.
• The U.S.'s 50% reciprocal tariff is expected to significantly impact trade flows.

Detailed Insights:

• The projected decline is primarily due to the U.S.'s imposition of a 50% reciprocal tariff, which will affect trade dynamics.
• Frozen shrimp exports to the U.S. constitute a substantial portion of India's revenue, making the market highly significant.
• This tariff imposition may lead to a search for alternative markets and adjustments in export strategies for Indian shrimp producers.

Key Concepts Involved:

• Reciprocal Tariff: A tariff imposed by a country in response to tariffs imposed by another country.