Exports under pressure, Ecuador's shrimp industry is striving to recover at the end of the year

Published 2024년 12월 11일

Tridge summary

Ecuador's shrimp industry is facing challenges in 2024, with exports experiencing a 12% year-on-year decline in October and a total of 190 million pounds exported by October, marking a decrease in performance compared to 2023. Despite this, the industry has managed to avoid a more significant decline. Additionally, the industry has seen price increases, with large-sized shrimp reaching US$4.90 per kilogram and medium-sized shrimp remaining stable. Overall, exports are projected to slightly decrease from 223 million pounds in 2023 to 220 million pounds in 2024, but there is optimism for stability in the last two months to maintain similar exports as in 2023.

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

Original content

As 2024 draws to a close, Ecuador's shrimp industry is facing severe challenges with continued declines in exports. According to Gabriel Luna, an Ecuadorian shrimp farmer and founder of GLunaShrimp, exports in October this year fell 12% year-on-year, a trend that continued throughout the year, putting pressure on year-end performance. As of October, Ecuador's total shrimp exports for the year totaled 190 million pounds (about 86,071 tons), and performance in many months was worse than in 2023. Luna said, "This year's exports have been quite difficult. In the past 10 months, exports have been lower than the same period last year in 7 months." In early 2024, Ecuador's shrimp exports began to decline, with exports from January to March lower than the same period in 2023 .Despite a brief recovery in April and May, exports fell back again in June and July. There was a small increase of 6% in August, but September and October fell sharply again. Nevertheless, the full-year export data ...

Source: Foodmate