A wave of restaurant closures sweeps across China, and the price of Ecuadorian white shrimp in China is under pressure.

Published 2025년 8월 18일

Tridge summary

Core tip: In the first half of 2025, approximately 1.61 million restaurants nationwide have closed, with the annual total expected to exceed 3 million, setting a new historical record. High-end dining is hit hardest—restaurants in Shanghai with a per capita consumption of over 500 yuan saw a sharp reduction of nearly half within a year, with Michelin-starred restaurants consecutively exiting, and a sharp drop in business banquet demand in cities like Beijing and Shenzhen. Meanwhile, the consumer savings rate has soared, dining-out spending has significantly decreased, and more people are choosing to cook at home or opt for low-priced takeout meals. The fluctuating business of the catering industry directly determines the purchasing volume of high-end seafood, with Ecuadorian white shrimp serving as a "thermometer" in this chain.

Original content

【Ecuador White Shrimp Prices Shift to Defensive】 Entering the 33rd week of 2025 (August 11-17), the export price of Ecuadorian white shrimp to China, which had been continuously rising, has shifted to a defensive stance. Prices for multiple specifications of semi-IQF and saltwater IQF have fallen compared to the previous period, especially the 20/30 and 30/40 specifications in retail packaging, which saw significant declines. Only the 40/50 and 60/70 saltwater IQF retail packaging managed to hold steady. Chinese importers generally reported that the sluggish demand in the catering industry led to strong resistance to price increases, and the wholesale market lacked upward momentum. The catering channels in Shanghai and Beijing reduced their purchases, causing importers to slow down their shipment pace. 【Exports Remain High, but Market Under Pressure】 Ecuador's export volume for July is expected to be between 99.8 thousand and 106.6 thousand tons, although lower than June, it still ...

Source: Foodmate