On-the-Ground Update

Taiwan's Vannamei Shrimp import demand hits record in 2020

Frozen Common Shrimp & Prawn
Honduras
Nicaragua
Taiwan
Innovation & Technology
Shelly Chen
Published Jan 1, 2021
The annual import value of frozen whiteleg shrimp (Penaeus vannamei) has hit a record high in Taiwan in 2020 with 216 Million USD (32,300 MT) and year to year growth of 28%. From 2017 to 2020, the annual year to year growth rate is at least 20%. In 2020, the top four importing countries are Honduras, Nicaragua, Malaysia, and Thailand, where their market share is 38%, 29%, 9.4% and 9.1% respectively. Taiwan, Nicaragua and Honduras have diplomatic relations where the import taxes are exempted, becoming a favorable choice for Taiwanese importers.

The following are the countries that enjoy a 0% import tariff for frozen whiteleg shrimp (Penaeus vannamei) to Taiwan: Panama, Guatemala, Nicaragua, Honduras, and New Zealand. For Singapore, the import tax is 4%, for WTO member countries, the import tax is 20%.

The notable new origin in 2019 was Iran, with a year of year growth of 283% in 2020, value of 4.3 Million USD. In 2020, the new origins are Brunei Darussalam, United Arab Emirates, Peru and Philippines, the total import value coming to 4.3 Million, 3.1 Million, 1.4 Million, and 1.15 Million respectively.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.