Tridge summary
In July 2024, the European Union imported its largest volume of shrimp on record, with a 12% increase compared to the same month the previous year and a 5% increase year-to-date. The majority of these imports, 64%, came from the South, with the West and East accounting for 33% and less than 2% respectively. Imports from South and Central America saw a 10% increase, while those from Asia increased by 1%. However, imports from Africa and the Middle East decreased by 12%. Notably, imports from North America and other European countries experienced significant drops of 31% and 20% respectively.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
EU imports largest volume of shrimp in 2024 in July. Contrary to the US, the shrimp import volume is seeing an upward trend in the EU. After a small 2% YoY drop in June, in July, with 45,833 MT, imports increased YoY by 12%. The year-total YoY increase amounts to 5%. July’s import volume is the highest recorded this year and the highest-ever import volume for the month itself. In the first seven months of 2024, shrimp imports grew in the South (6%) and East (15%) of the EU. In the West, imports dropped by 4%. In 2024, the South of the EU remains by far the largest importer of shrimp, representing 64% of total imports, up from 62% in 2023. The West of the EU represented 33% in 2024, down from 36% in 2023. The East of the EU represents less than 2% of total EU imports. South and Central America’s 2024 supplies to the EU grew by 10% YoY, while imports from Asia grew by 1%. In 2024, South and Central America’s share of EU ...
Source: Fish Focus
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