The export price of Ecuadorian shrimp hit a record low in November, and the export volume in the first 11 months exceeded 1.1 million tons.

Published Jan 2, 2024

Tridge summary

In November 2023, Ecuador's frozen shrimp export prices hit a record low, dropping to $4.81/kg, a 17% decrease compared to the previous year. Despite an increase in export volume, the total export value decreased by 5% compared to the previous year. China was the main destination for Ecuador's shrimp exports, followed by the EU and the United States, with varying year-on-year changes in export volume and value.

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

Original content

In November 2023, Ecuador’s frozen shrimp export prices fell to a record low. According to data from the Ecuador Chamber of Aquaculture (CNA), Ecuador exported 97,995 tons of frozen shrimp in November, an increase of 15% year-on-year, with a value of US$471.7 million, a decrease of 5% year-on-year. The average export price dropped from $5.05/kg in October to $4.81/kg in November, a year-on-year decrease of 17%, hitting the lowest value since 2011. In November, Ecuador exported 56,346 tons of shrimp products to China, a year-on-year increase of 18%, and the export value was approximately US$250 million, a year-on-year decrease of 8%. Exports to the EU ranked second, with a volume of 17,939 tons, a year-on-year increase of 20%, and a value of US$88.3 million, a year-on-year increase of 4%. The sales of Spain, Italy, the Netherlands and Portugal increased significantly, while the sales of France, Belgium and the United Kingdom decreased. In November, Ecuador ...

Source: Foodmate