In 2022, more than half of the Ecuadorian shrimp was sold to China
Frozen Common Shrimp & Prawn
Seafood
Ecuador
Published Feb 11, 2023
Original content
The markets for Ecuadorian shrimp had changes in 2022. At the end of the year, China became the main destination for Ecuadorian product, according to data from the National Chamber of Aquaculture (CNA). If in 2021, 46% of the local shrimp was sold to the Asian market, at the end of 2022 it became 56%. While other markets have seen their participation fall. For example, the United States went from 22 to 18%, Europe from 23 to 18% or the rest of America from 3 to 2%. In total, shrimp reached $6,653 million in 2022 for exports, a figure that represents an increase of 31% compared to 2021. Although the growth of shrimp sales to the world grew in double digits in 2022, the figures show a slowdown compared to 2021, a period in which it grew 39.2%, according to data from the Central Bank of Ecuador (BCE). Despite the expansion in the growth of exports, various sectors, including the shrimp industry, have mentioned that "sale is not income." "We exporters are ...
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