Export prices for shrimp from Ecuador fell in July

Published 2023년 8월 31일

Tridge summary

In July, Ecuador exported 100,172 tonnes of frozen shrimp valued at $504 million, but the average export price per kilogram dropped 21% to $5.03, the lowest since February 2021. China remained the main market, but volumes and values fell, and export prices to China dropped by 25%. The US, Ecuador's second-largest shrimp market, saw decreases in volumes and values, with the average export price falling by 17%. Other countries, such as Spain, Italy, France, Belgium, and Greece, purchased more volumes of Ecuadorian shrimp in July but paid less as average unit prices also fell. On the other hand, Russia purchased less volume in July, reducing the cost of imports by 52%. Overall, export prices and selling prices in Ecuador have been low, though they have started to rise recently.

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

Original content

The South American country exported 100,172 tonnes of frozen shrimp worth $504 million last month, but the average export price per unit fell 21% to $5.03 per kilogram, the lowest since February 2021. China remained the main market, although July volumes fell 4% to 53,272 tonnes, values fell 28% and export prices to the Asian country fell 25% to $4.62/kg. Between January and July, shrimp exports to China jumped 32% in volume to 428,863 tonnes, but increased only 9% in value as the average unit price shipped to China fell 18% to $5.11 /kg. In the US, Ecuador's second-largest shrimp market, volumes fell 7% to 17,938 tonnes in July and values fell 23% as the average export price fell 17% to $5.95/kg. In the first seven months of 2023, US volumes fell 3% to 114,006 tonnes and values fell 16%, with the average export price per unit down 13% to $6.20/kg. Spain, Italy and France - Ecuador's third, fourth and fifth largest destinations - took more Ecuadorian shrimp in July but paid less ...

Source: Fishretail