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Ecuador exported 40,000 tons of white shrimp to China in January, a year-on-year increase of over 200%!

 Last Update: 2022-03-03
 Source: Internet
 Author: User

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Ecuadorian shrimp exporters are off to a promising start to the new year , according to Ecuadorian export datafor January 2022 .
Exports in the first month of the year reached 73,071 tonnes, 13% lower than exports in December 2021 .
However, January export levels were 59% higher than January 2021 exports .

This can be explained by the fact that COVID-19 was still very impacting demand in China at this time last year
.
However, exports in January 2019 (40,457 tonnes) and January 2020 (49,765 tonnes) also illustrate Ecuador's overall growth over the past three years
.

Prices rose slightly in January to $6.
43/kg, $0.
03 above their December prices
.
Prices were up $1.
25 year-on-year, indicating strong demand for Ecuadorian shrimp at the moment
.

Total exports reached 460 million US dollars
.
This is 93% higher than the January 2021 figure
.
Of course, low demand from China in January 2021 could partly explain the sharp rise in export values, but Ecuador's diversification and focus on the US market also contributed to this growth in large part
.

　　China

　　Although exports fell in January 2022 compared to previous months, Ecuador started 2022, proving that its business in its main market, China, has resumed
.
Exports in January 2022 reached 40,112 tonnes, 8% lower than the previous month's exports but up 215% year-on-year
.

　　The recovery in Chinese demand was also reflected in the price of imports from China in January, which rose by $1.
49/kg year-on-year to $6.
26/kg
.
Prices also rose by $0.
12 compared to the previous month, indicating strong demand in China in January
.
While import restrictions remain in place today, most exporters already know how to deal with them months after they were implemented
.

　　America

　　Now let's take a look at the United States, Ecuador's second largest market
.
Exports in January 2022 rose by 28% to 14,188 tonnes compared to the same period last year, also recovering compared to the previous year
.
However, exports in January 2022 fell by 17% compared to exports in December 2021
.

　　Similar to China, export prices to the US strengthened in January, reaching $6.
94/kg, up $1.
43 year-on-year
.
Compared to last month's export prices, the figure was $0.
06 higher
.
However, if you observe price movements compared to the high prices in the third quarter of 2021, prices slowed in the fourth quarter, which may indicate a slowdown in demand after the peak buying period in the United States
.

　　In January 2022, exports to Europe reached 12,493 tons, an increase of 26% year-on-year
.
On a monthly basis, they are 8% lower than December 2021 exports
.
The slowdown in exports may be due to the end of the holiday buying peak
.

　　At the same time, the export price to Europe in January 2022 reached $6.
44/kg, an increase of $0.
79 year-on-year and a decrease of $0.
44 from the previous month
.
Keep in mind that in January 2021, export prices were particularly low, as Ecuadorian exporters struggled to sell their products following a drop in Chinese demand, which pushed down export prices to other markets
.
This is clear from the export prices to the southern European market
.

　　Now let's look at specific countries in Europe
.
Exports to the southern European countries Spain, France, Italy and Portugal all rose year-on-year, while exports to the Netherlands and Belgium fell
.

　　Southern Europe typically observes an uptick at the beginning of the year, according to historical patterns
.
Ecuador's exports to Europe are strongest in Spain, with 3,764 tonnes in January 2022
.
This is 42% higher than the same period last year
.
Export prices to Spain rose sharply year-on-year, from $4.
89/kg in January 2021 to $6.
08/kg in January 2022
.

　　Meanwhile, exports to France rose 17% year-on-year to 2,991 tonnes, while exports to Italy rose 66% to 2,796 tonnes
.
Export prices to France reached $6.
32/kg in January 2022, an increase of $1.
00 compared to January 2021
.
Italy saw a similar rise as prices rose $1.
24 year-on-year to $6.
44/kg
.

　　Exports to Portugal also increased year-on-year from 211 tonnes to 324 tonnes, despite being a smaller market compared to other southern European markets
.

　　In Northwest Europe, there were some sharp declines year-on-year
.
Exports to the Netherlands in January 2022 fell by 58% (496 t) year-on-year to 356 t
.
Compared to January 2020 imports (380t), these exports appear to be back to their usual levels
.
This suggests that exports in January 2021 were actually unusually high as importers tried to obtain raw materials at low prices during this period
.
It will be interesting to see if the export situation continues in the coming months
.

　　However, the export price to the Netherlands in January 2022 actually increased by $0.
21 year-on-year to $8.
00/kg
.
Keep in mind that in 2021, many buyers in the Netherlands took advantage of the low prices during this period, thereby boosting exports
.

　　Meanwhile, exports to Belgium fell by 30% to 121 tonnes
.
Export prices to Belgium dropped from $9.
44/kg in January 2021 to $8.
67/kg in January 2022
.

export prawns

　　Prices rose slightly in January to $6.
43/kg, $0.
03 above their December prices
.
Prices were up $1.
25 year-on-year, indicating strong demand for Ecuadorian shrimp at the moment
.

　　China

　　America

　　Exports to Portugal also increased year-on-year from 211 tonnes to 324 tonnes, despite being a smaller market compared to other southern European markets
.

　　Meanwhile, exports to Belgium fell by 30% to 121 tonnes
.
Export prices to Belgium dropped from $9.
44/kg in January 2021 to $8.
67/kg in January 2022
.

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