US shrimp imports continued to decline in August 2022

Published 2022년 10월 30일

Tridge summary

US shrimp imports in 2022 have decreased from last year's record, with the majority of the top 10 suppliers reducing exports to the US. The only exceptions were Ecuador, with a 2% increase, and Mexico, with a 67% increase. Factors contributing to the decrease in imports include logistical issues, global inflation, lack of cold storage, and high inventory. As a result, US shrimp consumption is expected to decline in the last quarter of the year. Vietnam's shrimp exports to the US have also seen a significant decrease, down 42% in September 2022 and 13% accumulated over nine months, due to competition from cheaper shrimp from Ecuador and India, inflation, and problems with transportation and cold storage caused by the Covid-19 epidemic.

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

Original content

US shrimp imports in 2022 are on a downward trend after hitting a record in 2021. Shrimp supplies to the US all reduced exports to this market in August this year. Imports from 8 of the top 10 shrimp suppliers to the US all decreased, in which Vietnam dropped the most, followed by India. Only imports from Ecuador increased 2%, from Mexico increased 67%. In August, 2022, shrimp imports into the US from India reached 28,568 tons, worth US$258 million, down 22% in volume and 20% in value over the same period last year. The average import price reached $9.02/kg. Shrimp imports into the US from Ecuador reached 16,752 tons, worth 129 million tons, up 2% in volume but down 3% in value over the same period with an average import price of 7.71 USD/kg. Problems with logistics, transportation, global inflation, lack of cold storage, high inventory are the reasons why US importers reduce their imports. With inflation rising and the economic situation not so bright, shrimp consumption in ...

Source: Vinanet