Statistics on US imports from major shrimp suppliers in the first 10 months of this year

Published 2024년 12월 3일

Tridge summary

The Vietnam Association of Seafood Exporters and Producers (VASEP) has reported a decrease in US purchases from Vietnam's three largest shrimp suppliers, leading to market concerns about supply shortages. Despite this, the US is expected to see growth in demand, with signs of improving shrimp prices. The average price of Vietnamese shrimp imported into the US has seen an upward trend, but fell in the third quarter. Retail sales of frozen shrimp in the US rose by 6% in October, and sales of fresh shrimp also increased. US imports from major Asian suppliers, including India, Indonesia, and Vietnam, also increased in the third quarter.

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

Original content

The Vietnam Association of Seafood Exporters and Producers (VASEP) said that the United States has reduced its purchases from its three major shrimp suppliers, raising market concerns about supply shortages. With a more optimistic economic outlook, reduced inventories and a rebalancing of supply and demand, US demand is expected to grow, and shrimp prices have shown signs of improvement and are on an upward trend. The average price of Vietnamese shrimp imported into the United States rose steadily from February to July, but fell in the third quarter. By September, the price fell to $9.9 per kilogram, but rebounded to $10.3 in October. The price of black tiger shrimp fluctuated greatly, with the price of $18.9 in March falling to $15.2 in October. Sales of frozen shrimp in the U.S. retail sector rose 6% in October, and sales of fresh shrimp also increased. U.S. shrimp imports from Ecuador fell 17% in September 2024 compared with the same month in 2023, but imports from major Asian ...

Source: Foodmate