Ecuador surpasses India to become the largest shrimp exporter in the world

Published Dec 28, 2020

Tridge summary

In the first nine months of 2020, Ecuador surpassed India to become the world's leading frozen shrimp exporter, with a 6% increase in exports reaching 499 thousand tons. Despite this, India remains the largest shrimp exporter by value, with exports from January to October 2020 totaling $3.5 billion, a 11% decrease from the previous year. The COVID-19 pandemic has negatively affected India's shrimp markets and transport, resulting in a 13% decrease in exports to 413 thousand tons. However, India's shrimp output rose in the period January to September 2020 when exporting to Japan and Vietnam. On the other hand, Ecuador's exports experienced a rebound in October 2020, reaching the second highest level in history, despite a drop in shrimp prices due to the pandemic.

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

Original content

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. 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 ...

Source: Vietnambiz