India’s shrimp exports have registered a 1 per cent increase for seven months in CY26, with July reaching a record 81,674 tonnes, up 8.2 per cent year-on-year (y-o-y), higher than expectations of 80,000 tonnes.

A report by InCred Research said that exports during the first seven months of CY26 reached 4,55,489 tonnes, up 1 per cent y-o-y. This reverses the marginal decline recorded in the first half and confirms an improving volume trajectory.

With the US market potentially normalising and India gaining share in the UK and EU, CY26 remains on track for record export volumes and value, the report said.

The July data provides a stronger signal than the first-half numbers. More importantly, the strong July print has pushed the cumulative CY26 trajectory into positive y-o-y territory.

The sequential improvement is becoming increasingly visible: the year started on a softer note, but monthly export momentum strengthened materially through June and July.

“Our CY26 thesis remains intact: Indian shrimp exports are tracking towards record volumes and value,” InCred Research said.

The latest data suggests that the Indian supply cycle is expanding at the margin rather than weakening, with cumulative export volumes now back in positive y-o-y territory.

The key question now shifts from whether Indian exports can return to record levels to how much further the monthly run rate can expand. This is particularly relevant as India continues to build its presence in the UK and EU, while the US market could provide an additional leg of growth, said Nitin Awasthi of InCred Research.

According to KN Raghavan, Secretary General of Seafood Exporters Association of India, the positive growth trajectory of the shrimp export sector stands as proof of its core strength and resilience. Exporters have been looking to diversify from “one species, one product, one market” towards “many species, multiple products, and different markets”. This has led to increased exports of black tiger shrimp which has good acceptance in East and South East Asian markets, more focus on value added products and added thrust on exports to EU, UK, Russia, Vietnam and China.

Published on September 23, 2026