Mexico: Conafab reports a 45% contraction in shrimp exports

Frozen Common Shrimp & Prawn

Seafood

United States

Mexico

Market & Price Trends

Published Feb 23, 2024

Tridge summary

Mexican shrimp exports have experienced a significant decline of 45% in recent years, including a 70% drop in the premium segment of the US market. The Mexican Shrimp Council is launching a promotional campaign in the US to highlight the quality, flavor, and freshness of Mexican shrimp, aiming to regain the premium pricing and improve the product's presence in self-service stores and among the 30 million Mexican residents in the US.

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Original content

2000Agro/Editorial During the In recent years, Mexican shrimp exports not only registered a reduction of 45 percent, they also lost about 70 percent of the prize it had in the premium segment of the United States regarding the product from other countries. Data of the Confederation of Aquaculture Associations of the State of Sinaloa (COADES) highlights that in 2019 Mexico exported 59,320 metric tons of crustacean —mainly of cultivation—but the volume dropped to 32,859 in 2022. To reverse this trend, the Mexican Shrimp Council—an organization made up of producers, aquaculturists, packers and marketers—maintains a campaign of promotion of Mexican shrimp in the US market, which highlights its qualities of quality, flavor and freshness, said Lawrence Michael Drazba, CEO of Eastern Fish Company. "State The United States is the main destination for Mexican shrimp exports and for face the marketing problem that we have there, the 11 companies that we are “At the Mexican Shrimp Council we ...

Source: MX2000