Imported shrimp market in China continued to decline in July, while Venezuelan white shrimp grew rapidly

Published 2024년 8월 27일

Tridge summary

From January to July, China experienced an 11% decrease in frozen shrimp imports by volume and a 23% decrease in import value compared to the same period last year. Ecuador was the largest supplier, but there was an 8% drop in volume and a 22% decrease in value, with the average price also falling 15%. Venezuelan white shrimp saw a significant increase in both volume and value in July, while Indian shrimp imports rebounded with a 20% increase in volume and a 15% increase in value. However, other suppliers like Thailand, Saudi Arabia, Peru, Vietnam, Indonesia, and Malaysia all experienced double-digit declines, and most production areas saw a decrease in prices in July.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

From January to July this year, China imported a total of 529,116 tons of frozen shrimp, down 11% year-on-year, and the import value was US$2.557 billion, down 23% year-on-year. Among them, Ecuadorian shrimp accounted for 390,963 tons, down 8% year-on-year, and the import value was US$1.764 billion, down 22% year-on-year, and the average price fell 15% year-on-year to $4.51/kg. In July, Venezuelan white shrimp performed very well, with import volume reaching 1,355 tons, up 208% year-on-year; import value was about US$5 million, up 169% year-on-year; Venezuelan white shrimp price was $4.00/kg, lower than Ecuador. In addition, Indian shrimp imports rebounded, with import volume of 15,630 tons in July, up 20% year-on-year, and import value of about ...

Source: Foodmate