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Category Alerts


Ecuador's shrimp exports to be impacted by earthquake and floods

April 04, 2023
alert level: High

Black Tiger Shrimp demand to improve as Vannamei farms face threat of diseases

January 23, 2023
alert level: Medium

Thailand to import 10,500 tonnes of shrimp

August 09, 2022
alert level: Low

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Shrimp Market Monitoring Dashboard

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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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    Meet Abi

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    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. 180 MMT of fishes annually (both wild caught and aquaculture, 2021) and is estimated to reach 181 MMT in 2022.

    • 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 2022


    Market Drivers and Constraints : Shrimp

    The important driver for the seafood market is the increasing demand from the frozen ready-to-cook seafood industry, while the major constraints currently are the disease outbreaks and the costs incurred in ensuring a disease-free environment.


    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


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


    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 : Shrimp

    • Global shrimp production is estimated at 6.6 MMT in 2023, with an average growth rate of 4.2 percent, with the supply facing glut in the global market.

    • Currently, about 71 percent of the shrimp supply is through aquaculture, then wild capture, with China occupying majority of share in harvesting both types of supply

    • Demand for shelf stable canned shrimp could increase in 2022

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