In 2023, Ecuador's shrimp export volume will reach 1.2 million tons, nearly 60% of which will be sold to China, and the average price will fall by 17%.

Published 2024년 2월 21일

Tridge summary

In 2023, Ecuador saw a record high in shrimp export volume, reaching nearly 1.2 million tons, marking a 14% increase from the previous year. Despite this, the export value fell by 5% to US$6.29 billion due to a decrease in the average price per kg. China was the largest consumer of Ecuadorian shrimp, accounting for 59% of exports, followed by the EU and the U.S. The increase in export volume did not offset the decline in export prices.

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

Original content

In 2023, Ecuador's shrimp export volume once again set a new record. The total export volume was nearly 1.2 million tons, a year-on-year increase of 14%. The export value was US$6.29 billion, a year-on-year decrease of 5%. The average price was $5.18/kg, lower than the previous year's $6.28/kg. As the largest export market for Ecuadorian shrimp, China sold more than 714,000 tons last year, accounting for 59% of the export share; export volume increased by 21% year-on-year, and export value decreased by 2% to US$3.5 billion. The EU is Ecuador's second largest market, with an export volume of 213,000 tons, a year-on-year increase of 18%, accounting for 18% of the export share; the export value is approximately US$1.11 billion, a year-on-year decrease of 5%. Among them, France's sales have declined, and Spain (64,600 tons) Sales increased in , Italy, the Netherlands and Belgium. The U.S. market ranks third, with sales volume last year of 206,000 tons, accounting for 17%, ...

Source: Foodmate