Global: Experts predict that the popularity of black tiger shrimp farming will recover

Published 2024년 4월 24일

Tridge summary

The article highlights a significant shift in shrimp farming practices in Asia, moving from whiteleg shrimp to black tiger shrimp due to the impact of White Spot Syndrome Virus (WSSV) in the 1990s and changing market conditions. This shift was prompted by an oversupply of whiteleg shrimp that led to falling prices, making black tiger shrimp more attractive to farmers. From 2018 to 2023, there has been a notable increase in black tiger shrimp production, particularly in Vietnam, China, and Indonesia. Despite the global sales growing slowly, the industry remains optimistic about its recovery and the potential for reduced seed prices, which could motivate more farmers to switch to black tiger shrimp farming. The future of this sector may hinge on attracting more farmers or enhancing farming efficiency, especially in key countries like India and China.

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

Original content

The outbreak of White Spot Syndrome Virus (WSSV) in the 1990s prompted Asia to turn to whiteleg shrimp farming. Although whiteleg shrimp farming was initially a huge success, its success has also brought problems in recent years. The increase in production has led to oversupply and price declines. Market changes and advances in farming technology have rekindled interest in black tiger shrimp production, with production increasing from just over 500,000 tons in 2018 to just over 600,000 tons in 2023. According to statistics from 2023, Asia is the main black tiger shrimp production area, with Vietnam, China and Indonesia China is the top three producer, with Myanmar, Bangladesh and the Philippines also making significant contributions. Despite steady growth in production, global black tiger shrimp sales have grown slowly, with black tiger shrimp production expected to be 122,000 tons in 2023, up 100,000 tons from 2019. Industry experts predict that black tiger shrimp farming will ...

Source: Foodmate