Vietnam and Indonesia compete for second place in US market for cooked shrimp

Published Feb 24, 2025

Tridge summary

The United States is set to import 762,804 tons of shrimp in 2024, marking a 3% decrease from 2023 but a 9% increase from 2019. The main suppliers, Ecuador and India, are expected to increase their market share from 55% in 2019 to 63% in 2024, with Vietnam potentially surpassing Indonesia's market share in 2025, especially in breaded and seasoned shrimp. However, Vietnam faces challenges such as anti-subsidy and anti-dumping lawsuits from the US and stricter trade defense measures, but the new tax policy under the Trump administration could provide opportunities for Vietnam to expand its share in the US market by reducing imports from China.

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

Original content

According to the latest data, the United States is expected to import 762,804 tons of shrimp in 2024, which is 3% lower than in 2023, but still 9% higher than in 2019. The main shrimp suppliers to the US market are still Ecuador and India, and the market share of these two countries is expected to increase from 55% in 2019 to 63% in 2024. However, Vietnam's rapid growth has gradually made it gain a foothold in these areas, especially in the areas of breaded shrimp and seasoned shrimp, gradually narrowing the gap with Indonesia and likely to surpass its market share in 2025. Vietnam's performance in breaded shrimp exports is particularly outstanding. In 2024, Vietnam's breaded shrimp exports to the United States increased by 33%, while Indonesia's increase was only 5%. Although Indonesia is still the largest supplier of breaded shrimp to the United States with a market share of 42%, Vietnam has approached its market share, reaching 28%, while India's share in this area is still ...

Source: Foodmate