January 30, 2018

Asia takes bigger pie of global shrimp trade
 

Asia now dominates the global shrimp trade, accounting for 2.5 million tonnes of the total 3.4 million tonnes of farmed shrimp production last year.

This was bared by a panel of industry experts at the 2018 Global Seafood Marketing Conference in Miami, Florida, USA, last Jan. 23-25, Financial Express reported.

Indonesia, Vietnam, Thailand and India, along with China, produced 2.5 million tonnes of farmed shrimp in 2017, or more than two-thirds of the total world production of 3.4 million tonnes, according to data presented.

According to the report, India—the world's second-largest producer of farmed shrimp— is expected to grow its shrimp aquaculture output by 10% this year. Indonesia and Vietnam have steady growths, while Thailand is on track to fully recover from the early mortality syndrome (EMS) disease by 2020.

Asia's demand for shrimp has also risen, as its imports increased from 15% of global production in 2011 to more than 35% in 2016. Most of the increased demand come from China.
 
The US' share of the import market, meanwhile, has shrunk from around 35% in 2011 to 30% in 2016.

"We’re really not the big dog in the room anymore", an American panelist was quoted as saying.  Rick Alberto
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