Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us

Image: Stockfile FIS

China's shrimp imports: prices decreased

Click on the flag for more information about China CHINA
Thursday, April 11, 2024, 07:00 (GMT + 9)

In the first two months of 2024, shrimp imports into China increased in both volume and value compared to the same period last year, but the average price still decreased.

According to data from the General Administration of Customs of China, in the first two months of 2024, China imported 157,377 tons of shrimp, worth 743 million USD, an increase of 19% in volume and 3% in value over the same period last year.

Source: Vasep

This growth is mainly due to the Lunar New Year falling on February 10, 2024 (while in 2023 it is January 22). However, the average import price still decreased. In February, the price decreased 12% to 4.68 USD/kg.

Source: Stockfile FIS -->

Ecuador is still China's largest shrimp supplier, accounting for 73% of total import value; with 114,717 tons, worth 510 million USD, an increase of 20% in volume and 2% in value. The average price decreased by 15% to 4.45 USD/kg. Ecuador mainly supplies China with HOSO whole shrimp products and a smaller proportion of HLSO head-on shell products.

Imports of Indian and Thai shrimp into the Chinese market also increased by double digits in the first two months of 2024. Specifically, India increased by 25% in volume with 22,156 tons, and 12% in value with 111 million USD. . Thai shrimp imports increased by 61% in volume and 48% in value. India mainly supplies China with HLSO block whiteleg shrimp used for reprocessing while India's exports of HOSO black tiger shrimp to China are also increasing.

<-- Source: Stockfile FIS

In February 2024 alone, China imported 60,233 tons of shrimp, worth 282 million USD, down 15% in volume and 25% in value compared to the same period last year. Of which, imports from Ecuador were 42,233 tons (down 24%), worth 187 million USD - the lowest level since January 2023.

Import prices decreased, raw material prices increased

Although the volume of shrimp imported into China increased in the first 2 months of the year, the average import price decreased sharply. Shrimp import prices from both Ecuador and India from August to November 2023 increased but then decreased again. The average price of shrimp imports from Ecuador in the first 2 months of the year dropped to a record low of 4.36 USD/kg. For India, the average price fell to 5.67 USD/kg in January this year and fell to 5.38 USD/kg in February this year, just above the lowest point of August 2023.

Source: Vasep

China's farmed shrimp prices increased sharply again in the week of October 2024 (March 4-10, 2024) due to a shortage of domestic live shrimp and imported frozen shrimp supplies.

On March 10, prices of different sizes of shrimp in the Pearl River Delta region of Guangdong province increased by 2-4 CNY (0.28-0.56 USD)/kg compared to the previous week. The price per kilogram of shrimp sized 80 has increased to 38 CNY/kg.

Source: Stockfile FIS -->

Shrimp prices in Jiangsu, Shandong, and Fujian provinces all recorded increases, mainly due to low seasonal harvests, stocking volumes usually concentrated after April, and imports from Ecuador decreased due to Chinese Customs loss. plenty of time to check goods from Ecuador.

Increase imports from Vietnam, decrease imports from Ecuador

According to Chinese Customs data, in February 2024, shrimp imports from Vietnam to China increased by 22% in volume and 3% in value compared to the same period in 2023 while imports from Ecuador decreased by 24% in volume. quantity and decreased 35% in value over the same period.

Ecuadorian shrimp exports to China decreased in February partly because China increased port inspections of Ecuadorian shrimp, especially regulations on labeling and sulfite residue.

<-- Source: Stockfile FIS

Red Sea tensions caused shipping costs to increase, China reduced shrimp imports from Ecuador in particular and the Americas and Europe in general and switched to importing goods from nearby markets like Vietnam.

As of March 15, 2024, Vietnamese shrimp exports to China & Hong Kong reached 104 million USD, up 113% over the same period last year. In particular, lobster exports to China recorded strong growth.

The main Vietnamese processed shrimp products are popular in China such as shrimp dumplings, ginger shrimp dumplings, frozen white shrimp with fried breaded meat, frozen white shrimp on skewers...

China's shrimp demand is also forecast to increase as the Qingming Festival (April 4) and International Labor Day (May 1) holidays are approaching.

Author: Kim Thu | Vasep (Translated from the original in Vietnamese)



Click to know how to advertise in FIS
Russian Federation
May 30, 19:10 (GMT + 9):
The first stage of the Fish Feed JSC plant was put into operation in the Astrakhan region
European Union
May 30, 07:00 (GMT + 9):
EU Bluefin tuna fishing season monitoring in the Mediterranean at the core of EFCA coordination
May 30, 07:00 (GMT + 9):
Convention 188, the Differentiating Element of the Spanish Fleet's Social Commitment Compared to Asian Fleets
Russian Federation
May 30, 06:50 (GMT + 9):
Alexander Panin was re-elected chairman of the Fishing Union for five years
May 30, 01:00 (GMT + 9):
IN BRIEF - The first cruise of the scientific ship Dra. Barbieri set sail, it will study yellow and red prawns and nylon shrimp
Falkland Islands
May 30, 01:00 (GMT + 9):
Consultation work to be undertaken on salmon farming in Falklands
May 30, 01:00 (GMT + 9):
Skretting introduce AmiNova, the new feed formulation concept
May 30, 01:00 (GMT + 9):
The Shrimp Season Begins with Excellent Yields
May 30, 01:00 (GMT + 9):
Esben Sverdrup-Jensen welcomes the Fisheries Commission's vision for the future of Danish fishing
May 30, 00:40 (GMT + 9):
Volume and prices │ Octopus │ Tokyo Market │ Apr-2024 | Fresh, Frozen, boiled, vinegar and seasoned
May 30, 00:40 (GMT + 9):
Statistics │ Supply and Demand│ Squid │ 2018-2023
May 30, 00:40 (GMT + 9):
Volumes and prices │ Squid and cuttlefish │ Tokyo Markets | Apr-2024
South Korea
May 30, 00:30 (GMT + 9):
Statistics │ Export │ Kanikama/Surimi │ by country │Apr 2023-24
South Korea
May 30, 00:30 (GMT + 9):
Statistics │ Import │ Frozen surimi│ by country │Jan-Apr 2023-24
May 30, 00:30 (GMT + 9):
Monthly handling │Fresh Bluefin tuna │Toyosu Market │ domestic landing │2022-24

Commission approves stricter controls for more flexible catch reporting in specific fisheries
European Union The European Commission adopted conditions and safeguards for the use of certain exemptions to the margin of tolerance rules to ensure accurate fish quotas and healthy fisheries. The margin of tolera...
Fishing unions denounce: 'The Peruvian State allows the entry of Chinese ships that would not comply with human rights and labor standards'
Peru • Peru is the only country that provides income to the Chinese fleet that would fish illegally in the Peruvian sea, for use in ports and shipyards.   Leaders of the Peruvian industry and a...
Japan celebrates first tuna purse seine fishery to meet MSC Standard
Japan Fishing in the Western Central Pacific Ocean, two partner fisheries Kyowa and Meiho have become the first Japanese flagged tuna vessels using purse seine gear to achieve certification to the MSC Fishe...
Opinion: Can bottom trawling ever be sustainable?
Worldwide The following is an excerpt from an article published by Dialogue Earth:     Environmentalists are celebrating a Greek ban on bottom trawling and urging other nations to follow. Some scientis...

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER