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A large number of Indian white shrimps have returned to the United States. How long can Ecuador stay strong?

 Last Update: 2021-07-31
 Source: Internet
 Author: User

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India's white shrimp exports rebounded sharply in May , once again regaining the top spot in the US market
.

According to the National Oceanic and Atmospheric Administration (NOAA), the United States imported 80,630 tons of shrimp production in May 2021, the second highest in history, second only to August 2020, with imports reaching 682 million U.
S.
dollars
.

The eye-catching data not only reflects that the US catering market has completely gone out of its trough and entered a historical period of rapid growth, but also shows the stability of retail demand.
In the foreseeable future, importers believe that the entire market vacancy will require a large amount of production to fill
.

India’s export performance in May was very strong.
Its export volume surged by 267% year-on-year to 31,972 tons, setting a record for the second-highest monthly export (lower than in August 2020).
The export volume reached US$267 million, an increase of 270% year-on-year.

.
In the previous four months, India has been in a downward spiral.
In April, its share of the overall shrimp market in the United States fell to 30%
.

In the first quarter of this year, the new crown epidemic in India rebounded.
So far, the total number of confirmed cases has exceeded 30 million.
The highest number of new cases in a single day in May exceeded 400,000.
The current daily number of new cases has dropped to about 40,000
.
Some experts have warned that if the blockade policy cannot be adhered to, India may usher in a third wave of epidemics
.

Indonesia’s exports in May were also very strong, with a trade volume of 17,235 tons, a year-on-year increase of 33%, and a trade volume of approximately US$150 million, a year-on-year increase of 35%
.

In June, Indonesian Minister of Marine Fisheries Sakti Wahyu Trenggono announced in a high-profile manner that with government support, Indonesia will develop into a major shrimp farming exporter in the world through the construction of modern scientific and technological aquaculture projects
.
From 2015 to 2019, Indonesia’s shrimp production accounted for 6.
9% of global production, making it the fifth largest producer in the world, behind India, Ecuador, China and Vietnam
.

In May, Ecuador exported 16,854 tons of white shrimp to the United States, an increase of 192% year-on-year, and the export value was approximately US$116 million, an increase of 247% year-on-year
.
Compared to India and Indonesia, Ecuadorian white shrimp is relatively cheap, with an average price of US$6.
90/kg in May
.

　　According to statistics from the Ecuadorian Aquaculture Chamber (CNA), the export volume of Ecuadorian shrimp reached 74,000 tons in May, an increase of 1% year-on-year, and the export value was approximately US$406 million, an increase of 3% year-on-year
.
The white shrimp sent to the United States increased to 21,000 tons, indicating that the trade in June may set a new record
.

Export to the U.
S.

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