Bangladesh’s shrimp industry spiraling down

게시됨 2024년 10월 17일

Tridge 요약

The shrimp industry in Bangladesh is experiencing a downturn due to supply shortages and restricted market access, with exports plummeting from 55,000 MT in 2016 to 25,000 MT in 2023. The main markets are the EU, UK, and US, but an emphasis on low prices has negatively impacted the perceived quality of Bangladeshi shrimp. A large portion of production, especially black tiger shrimp, is being consumed domestically, further reducing export volumes. This has resulted in bankruptcies and job losses in processing plants. Nonetheless, some companies are striving to reverse this trend by enhancing quality and sustainability to regain international buyers' interest in Bangladeshi shrimp.

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원본 콘텐츠

Bangladesh’s shrimp industry spiralling down, but some try to change the tide. Bangladesh’s export-oriented shrimp industry suffers from a supply shortage and a lack of market access. Exports have gradually dropped from around 55,000 MT in 2016 to only 25,000 MT in 2023. Around 17,500 MT would be accounted for by black tiger shrimp, and the remainder would consist of a combination of farmed freshwater prawn and wild-caught shrimp. The EU accounts for 70% of the export volume, the UK 12%, and the US 6%. Within these markets, Bangladesh sells mainly to the food service segment, which does generally not have very stringent quality and sustainability requirements but is extremely price-driven—incentivising buyers and suppliers to drive the price to the bottom, harming the perception of the quality and reliability of Bangladeshi shrimp in the international market. One reason for the supply shortage is the growth of the domestic market. Official production numbers suggest that shrimp ...

출처: Fish Focus