Vietnam: China's shrimp imports still down double digits

China's imports of frozen warmwater shrimp are still down by double digits after the first half of 2024, as the market struggles with falling demand and prices, according to Undercurrent News. In the first seven months of this year, shrimp imports fell 11% in volume and 23% in value year-on-year to 529,116t, worth $2.5bn, according to Chinese customs. The decline accelerated in July, with volume down 8% and value down 18%. Specifically, China imported 82,347t of frozen shrimp worth $396m last month. The average import price fell 12% year-on-year to $4.81 per kilogram. Ecuador remained China's largest shrimp supplier in the first seven months of the year, with 390,963 tonnes worth $1.7 billion, down 8% in volume and 22% in value. Average unit prices fell 15% to $4.51/kg. India and Venezuela were rare bright spots, with India's import volume up 11% and Venezuela's volume soaring 33%. But even with double-digit growth in volume, import value from these two markets was only 1% and ...