U.S. shrimp imports continued to decline in October, but the decline narrowed

Published 2024년 12월 10일

Tridge summary

In 2024, the United States saw a 2% decrease in frozen shrimp imports, totaling 74,699 tons and valued at $608 million, marking a 1% decrease in value from the previous year. The average price per pound also increased by 4% to $3.88. From January to October, shrimp product imports decreased by 4% to 624,372 tons, with a value of $4.9 billion, a 9% decrease year-on-year. India remained the top supplier, with a 2% increase in sales, while Ecuador saw a 21% decrease. Vietnam and Indonesia also experienced increases in sales, contrasted by decreases in Thailand and Argentina.

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

Original content

According to the statistics of the National Oceanic and Atmospheric Administration (NOAA), the United States imported 74,699 tons of frozen shrimp in 2024, a year-on-year decrease of 2%, and the import value was US$608 million, a year-on-year decrease of 1%. The average import price in October hit a new high this year, reaching $3.88/lb, up 4% from $3.77/lb in October last year. In the first 10 months of this year, the United States imported a total of 624,372 tons of shrimp products, a year-on-year decrease of 4%, and the import value was US$4.9 billion, a year-on-year decrease of 9%. In October, India was still the largest supplier to the United States, with sales of 30,45 7 tons, up 2% year-on-year, with an import value of US$239 million and a market share of 41%. The average price of Indian shrimp is $3.75/lb, up 6% year-on-year. On the other hand, Ecuadorian shrimp sales have declined, with sales of 14,482 tons in October, down 21% year-on-year, and sales of US$110 ...

Source: Foodmate