Ecuador surpasses India to become the largest shrimp exporter in the world
Frozen Common Shrimp & Prawn
Ecuador
India
Published Dec 29, 2020
Tridge summary
According to data from the Ministry of Commerce and Industry of India compiled by Undercurrentnews, India exported 413 thousand tons of frozen shrimp in the first 9 months of 2020, down 13% from the same period last year. Ecuador has increased 6% of shrimp exports to 499 thousand tons in the first 9 months of 2020, officially overtaking India to become the largest shrimp exporter in the world.
Original content
However, India is still the world's largest shrimp exporter in terms of value, with exports from January to October 2020 worth $ 3.5 billion, down 11% from with the same period last year. Meanwhile, Ecuador's exports in the same period reached $ 3.02 billion, equivalent to the same period last year. India is one of the fastest growing shrimp exporters in the world. India's share in global shrimp market share skyrocketed as shrimp farms in China and Southeast Asia were ravaged by the "early mortality syndrome" 2010-2013 and Indian shrimp farmers. has switched from tiger shrimp farming to vannamei shrimp, a species of shrimp with faster growth. However, the COVID-19 pandemic disrupted shrimp markets and transport in India while production in Ecuador continued to grow. In October 2020, India's shrimp exports reached US $ 459 million, 8% less than the same period last year. Meanwhile, Ecuador's shrimp exports in October 2020 reached the second highest level in history, according to ...
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