US October shrimp imports are down 2% yoy

Published 2024년 12월 11일

Tridge summary

US shrimp imports in October 2024 were down 2% year over year, totaling 74,669 MT. The year-to-date imports are down 4% compared to 2023. Ecuador was the primary contributor to the decrease, with a 21% drop in imports. While imports of raw peeled and breaded shrimp from Ecuador increased, shell-on imports dropped by 13%. Import prices for shell-on shrimp also increased due to higher farm gate prices and decreased availability in Ecuador.

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

Original content

US October shrimp imports are down 2% YOY, primarily due to a drop in imports from Ecuador. US shrimp imports in October 2024 reached 74,669 MT. The import volume increased from June onwards, and after 1% YoY growth in September, imports fell 2% YoY in October. The year-total imports are down 4% YoY compared to 2023, 13% compared to 2022, 14% compared to 2021, but 2% ahead of 2020. If US imports in November and December remain stable YoY, the US will import around 760,000 MT in 2024. Interestingly, while imports of raw peeled shrimp and breaded produced increased slightly (+1% each), imports of raw shell-on and cooked peeled and shell-on shrimp dropped by 13% and 7%, respectively. Shell-on imports dropped from all origins, not only Ecuador. Per country Overall, Ecuador accounted for most of the drop in exports in October, which saw imports fall by 21% year over year. The year’s total imports from Ecuador reached 157,175 MT and are now behind 9%. The drop in imports from Ecuador is ...

Source: Fish Focus