Some arctic shrimp from Canada and Greenland are transshipped to Russia via China

Published 2023년 9월 7일

Tridge summary

At the Global Shrimp Forum, it was predicted that China will import more cold-water shrimp in 2023, with an estimated growth rate of over 60%. This increase in imports is expected to come from Canada and Greenland, while Russia's imports are predicted to decline. The sales of Argentine red shrimp are also declining in the European market, particularly in Spain, but growing in other parts of the world.

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

Original content

At the Global Shrimp Forum held in Utekt, the Netherlands, Ragnar Nystoyl, chief analyst of Kontali, a Norwegian seafood market organization, believes that since 2022, some cold-water shrimp imported by China will eventually be resold to Russia, and this phenomenon will continue in 2023 continue. Kontali predicts that China will import more than 80,000 tons of cold-water shrimp in 2023, much higher than last year's level (less than 50,000 tons), and the growth rate may exceed 60%. At the same time, Russia's imports fell from 50,000 tons to 33,000 tons. According to Nystoyl, the increase in China's imports of arctic shrimp mainly comes from Canada and Greenland, while changes in market sales (due to the import ban) have led to underestimates of Russia's actual imports and overestimates of China's actual imports. In addition, the import ...

Source: Foodmate