Key point: In November 2025, China's import of warm-water shrimp continued its stable trend. Although the import volume saw a slight decline, the price remained firm, showing characteristics of stabilized market demand and increased price resilience since the second half of the year. Customs data shows that from January to November 2025, China's cumulative import of warm-water shrimp was 819,000 tons, a slight decrease of 1% year-on-year, but the import value increased by 7% to 4.34 billion U.S. dollars, with the average price level steadily rising.