CATEGORY

Shrimp

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Category Alerts


CATEGORY ALERTS

Thailand to import 10,500 tonnes of shrimp

August 09, 2022
alert level: Low

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Shrimp Market Monitoring Dashboard


Supply Demand

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Shrimp Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Shrimp category is 5.30%

Payment Terms

(in days)

The industry average payment terms in Shrimp category for the current quarter is 75.6 days

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Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Shrimp Suppliers


    7,413
    Total Suppliers
    273
    Diverse Suppliers
    67
    Normalized Supplier Rating
    Shrimp Supplier

    Find the right-fit shrimp supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    CARGILL INCORPORATED
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    5
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    29

    100
    Weak (1)
    ESG Perfomance (/100)
    Environment
    38
    Social
    28
    Governance
    19
    6 Domains Performance (/100)
    Business behaviour
    38
    Human rights
    24
    Community Environment
    26
    Corporate governance
    9
    Human resources
    21
    Security Scorecard
    82

    Threat indicators
    B
    88
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    C
    77
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    C
    75
    Application Security
    Detecting common website application vulnerbilities
    C
    74
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    97
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    93
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    95
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    cargill.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    23
    Workforce Health Safety Issues
    0
    Product Service Issues
    14
    Human Rights Issues
    23
    Production Supply Chain Issues
    8
    Environmental Non Compliance Flags
    45
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    25
    Fraud Issues
    5
    Labor Health Safety Flags
    48
    Regulatory Issues
    20
    Workforce Disputes
    6
    Sanctions
    0
    esg energy transition
    47
    Discrimination Workforce Rights Issues
    19
    esg controversies critical severity
    Yes

    Shrimp market frequently asked questions


    Increasing consumption of processed/ready-to-cook (RTC) seafood and rising disposable income are major driving forces for the global shrimp market. In addition, market players are increasingly adopting aquaculture technology to gain a competitive edge.

    China, accounting for nearly half of the global shrimp production, will continue to attract stakeholders over the forecast period. The majority of the supply comes from aquaculture and wild capture. Despite the reduced shrimp demand in 2020 due to the COVID-19, China’s shrimp market is poised to make a gradual rebound.

    As per Beroe’s category intelligence study, the global shrimp production is expected to surpass 6 MMT, at a 4% CAGR.

    China (32%) is the leading shrimp exporter, followed by Thailand (26%) and Malaysia (8%).

    Surging demand for frozen and premium seafood and rapid shift from conventional agricultural methods to tech-driven aquaculture practices are the key trends impacting the global shrimp market growth.

    South Korea makes up for a quarter of the global shrimp import, with Singapore and Hong Kong share the same divide, followed by Thailand.

    Governments worldwide have imposed their own control mechanism to avoid overfishing and exhaustion of resources. For example, countries including China and Thailand have enabled fishing licenses and quotas for their fisheries and seafood industries.

    Seafood raising and processing are subject to disease outbreaks. For instance, early mortality syndrome (EMS) has led to a significant decline in shrimp production in China, Vietnam, and Indonesia.

    Shrimp market report transcript


    Global Market Overview on Shrimp

    The global seafood industry is highly fragmented, with a supply of approx. 170.9 MMT of fishes annually (both wild caught and aquaculture, 2018) and is estimated to reach 180 MMT in 2020.

    Fish capture over the decade has taken a more inland approach, with the major capture type being aquaculture and tuna, shrimp, salmon are the most captured and traded species

    • Aquaculture currently holds 48 percent of the market share, and it is expected to increase its share in the total capture beyond 50 percent by the end of 2021

    shrimp-market

     Market Drivers and Constraints

     Drivers

    Increasing demand for processed/ready-to-cook seafood:

    • The seafood industry is gaining momentum, due to convenience and time-saving factors
    • Increasing disposable income and per capita consumption are also seen favorable for the growth of the industry

    R&D/technology:

    • Aquaculture is gaining dominance over traditional agricultural practices, wild fish harvesting, etc., due to its volume production

    Constraints

    Shorter shelf life and disease outbreaks:

    • Disease outbreaks can occur both during raising and processing seafood. EMS or Early Mortality Syndrome had caused a substantial decrease in the shrimp production of the leading countries, like China, Vietnam, Indonesia, etc.

    Government regulations:

    • Every country has its own control mechanism to prevent overfishing and the exhaustion of its resources. Countries, like Thailand, China, have fishing quotas and licenses in place, with respect to their fisheries and seafood industry

    Supply–Demand Analysis

    • Global shrimp production is expected to reach 6 MMT, with an average growth rate of 4 percent, with the nearly complete eradication of EMS in China.
    • Currently, more than 65 percent of the shrimp supply is through aquaculture, than wild capture, with China occupying majority of share in harvesting both types of supply
    • COVID could impact supplies of shrimp in China, however, the market could suffer from low demand. Demand for shelf stable canned shrimp could increase in H2 2020