Ecuador's shrimp exports in 2021 reached 5 billion USD, the highest level in 9 years

Published 2022년 2월 17일

Tridge summary

Ecuador's shrimp exports in 2021 saw a significant increase, with a volume of nearly 842 thousand tons and a value of over 5 billion USD, marking a 24% increase in volume and a 41% increase in value compared to the previous year. This represents a doubling of shrimp exports since 2016 and a tripling since 2013, achieving the best results in the past nine years. The US and EU markets saw the first surpassing of 1 billion USD in export turnover, with increases in shrimp exports to these markets by 54% and 24% respectively compared to 2020. Despite challenges in exporting to China, it remained Ecuador's largest shrimp import market in 2021. In 2022, Ecuador plans to increase production by developing more intensive shrimp farming models and producing value-added products and peeled shrimp to further boost exports to the US, EU, and other markets.

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Original content

According to the Association of Seafood Exporters and Producers (VASEP) 2021, Ecuador's shrimp exports reached nearly 842 thousand tons, worth more than 5 billion USD, up 24% in volume and 41% in value compared to 2020. With this result, Ecuador's shrimp exports increased 2 times compared to 2016 and 3 times compared to 2013 and is the best result in the past 9 years. Notably, Ecuador's shrimp exports to the US and EU reached 184,000 tons and 190 thousand tons, respectively, up 54% and 24% compared to 2020, marking the first milestone in export turnover to these two markets. exceeded 1 billion USD. Since July 2020, when Ecuador faced difficulties in exporting shrimp to China, the country has planned to invest in processing and manufacturing products to suit the tastes of the US and EU markets. Although not growing as strongly as the US and EU, China is still Ecuador's largest shrimp import market in 2021. Ecuadorian shrimp exports to China gradually recovered, increasing by 9% to ...

Source: Vietnambiz