China's shrimp imports fell in both volume and value in the first quarter of 2024

Published May 28, 2024

Tridge summary

The global shrimp industry is facing challenges such as economic recovery, decreasing market demand, and rising production costs, leading to significant price drops. In 2024, the industry's future, especially in China, is of great interest. The Organizing Committee of the Shrimp Industry Development Conference of the China Aquatic Products Circulation and Processing Association aims to provide the latest information on the global shrimp industry. Chinese customs data for Q1 2024 shows a decrease in shrimp imports in both volume and value, with Ecuador, India, Thailand, Saudi Arabia, Vietnam, and Argentina being the main suppliers. There was also a slight increase in cold-water shrimp imports from Canada and Greenland.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2023, the global shrimp industry is struggling to move forward under multiple pressures such as weak economic recovery, slowing market demand, rising production costs and sharp price declines. From production to market, all links in the industrial chain have been hit hard. The development trend of the global shrimp industry in 2024, especially China's production, trade and market demand, has attracted much attention from the global industry. It is urgent for producing countries and importing countries to have a dialogue to promote the sustainable and healthy development of the industry. Against this background, the Organizing Committee of the Shrimp Industry Development Conference of the China Aquatic Products Circulation and Processing Association will continue to share the latest global shrimp trade data and industry information with the industry to learn more about the dynamics of the global shrimp industry. According to Chinese customs statistics, from January to March ...
Source: Foodmate
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