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    Home > Food News > Food Articles > Veterans say global shrimp trade will rebound strongly in 2021

    Veterans say global shrimp trade will rebound strongly in 2021

    • Last Update: 2021-04-17
    • Source: Internet
    • Author: User
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    According to the International Trade Center (ITC) data, in 2020 the global foodmate.
    net/tag_3068.
    html" class="zdbq" title="Shrimp related food information" target="_blank">shrimp (including foodmate.
    net/tag_1370.
    html" class="zdbq" title="Warm water shrimp related food information" target="_blank">warm-water shrimp and cold-water shrimp, raw shrimp and cooked shrimp, raw shrimp and foodmate.
    net/tag_4496.
    html" class="zdbq" title="Preservation of relevant food information" target="_blank">preserved products) of the total trade of about 3.
    042 million tons, down 3% from 2019 This is the first market contraction since 2009.
     
    Imports in Asian countries have dropped significantly, while some European and American markets benefited from the retail industry, and imports have not decreased but increased.
    China’s frozen shrimp imports are about 610,000 tons, down 14% from the previous year; Japan’s imports fell 5% to 210,000 tons; South Korea’s imports fell 1% to 76,000 tons.
     
    The United States is still the world's largest shrimp importer, with imports totaling approximately 747,000 tons last year, an increase of 7%.
    France, Denmark and the Netherlands increased by 6%, 14% and 14% respectively to 111,000 tons, 97,000 tons and 78,000 tons.
     
    Italy’s imports fell by 5% to 153,000 tons, the United Kingdom fell by 1% to 76,000 tons, Italy increased by 1% to 72,000 tons, Germany increased by 13% to 67,000 tons, Belgium increased by 2% to 44,200 tons, and Portugal fell by 9 % To 23,500 tons.
     
      However, senior industry professionals believe that the shrinkage of shrimp product trade (compared to other products) is relatively small, and with the advancement of the new crown vaccination plan, the shrimp industry will usher in a strong recovery this year.
     
      Jim Gulkin, general manager of Siam Canadian Group, told UCN: "This year will set a new record for seafood consumption.
    The promotion of vaccines in the United States will accelerate the return to normal consumption order.
    The consumption of the catering industry in the world's largest shrimp importing country is expected.
    A substantial rebound will offset the impact of rising European inventories and weak Chinese imports.
    "
     
      "As long as life returns to normal, we will see people returning to restaurants to eat in droves because they have been trapped at home for a long time.
    We will also see the reopening of sports venues, concerts and holiday trips.
    Industries such as aviation, hotels and theme parks have resumed as before.
    Food and beverage sales in the United States will usher in a strong rebound.
    " Gulkin said.
     
      International shrimp industry analyst Willem van der Pijl said: “Among the importers and wholesalers I talked to, everyone was surprised by the trade data, especially the import performance of the Netherlands, Germany, and Belgium was very strong.
     
      Van der Pijl pointed out that in the summer (last year) Europe was unblocked, people would go abroad for vacations and spend in hotels, and there was a rebound in shrimp imports.
    Some European importers stated that the market conditions at that time were better than expected, and the catering sector began to clear inventory as early as the first round of the lockdown period.
    However, European stocks are still high at this stage, because many importers have ordered a lot of new products during the summer to fill the inventory.
    I guess these stocks may not have been sold yet, because the second and third wave of blockade orders are more stringent.
     
      Jeff Sedacca, CEO of Sunnyvale Seafood Company, a California seafood trading company, also said that this year's trade will rebound rapidly.
    "As the epidemic eases, I believe both supply and demand will rebound significantly.
    In the US market, we have already seen signs of a strong return in the catering industry.
    "
     
      Sedacca believes that the recovery of the US restaurant industry will not lead to weak retail demand.
    “I don’t think this is a zero-sum game.
    Millions of Americans have learned to cook at home.
    This trend will continue.
    Retail sales will not decline because people eat out.
    I believe that the retail industry’s recent The increase will continue to accumulate and eventually become part of the total sales growth.
    "
    foodmate.
    net/tag_3068.
    html" class="zdbq" title="Shrimp related food information" target="_blank">Shrimp foodmate.
    net/tag_1370.
    html" class="zdbq" title="Warm water shrimp related food information" target="_blank">Warm Water Shrimp foodmate.
    net/tag_4496.
    html" class="zdbq" title="Preservation of relevant food information" target="_blank">Conservation
     
      Imports in Asian countries have dropped significantly, while some European and American markets benefited from the retail industry, and imports have not decreased but increased.
    China’s frozen shrimp imports are about 610,000 tons, down 14% from the previous year; Japan’s imports fell 5% to 210,000 tons; South Korea’s imports fell 1% to 76,000 tons.
     
      The United States is still the world's largest shrimp importer, with imports totaling approximately 747,000 tons last year, an increase of 7%.
    France, Denmark and the Netherlands increased by 6%, 14% and 14% respectively to 111,000 tons, 97,000 tons and 78,000 tons.
     
      Italy’s imports fell by 5% to 153,000 tons, the United Kingdom fell by 1% to 76,000 tons, Italy increased by 1% to 72,000 tons, Germany increased by 13% to 67,000 tons, Belgium increased by 2% to 44,200 tons, and Portugal fell by 9 % To 23,500 tons.
     
      However, senior industry professionals believe that the shrinkage of shrimp product trade (compared to other products) is relatively small, and with the advancement of the new crown vaccination plan, the shrimp industry will usher in a strong recovery this year.
     
      Jim Gulkin, general manager of Siam Canadian Group, told UCN: "This year will set a new record for seafood consumption.
    The promotion of vaccines in the United States will accelerate the return to normal consumption order.
    The consumption of the catering industry in the world's largest shrimp importing country is expected.
    A substantial rebound will offset the impact of rising European inventories and weak Chinese imports.
    "
     
      "As long as life returns to normal, we will see people returning to restaurants to eat in droves because they have been trapped at home for a long time.
    We will also see the reopening of sports venues, concerts and holiday trips.
    Industries such as aviation, hotels and theme parks have resumed as before.
    Food and beverage sales in the United States will usher in a strong rebound.
    " Gulkin said.
     
      International shrimp industry analyst Willem van der Pijl said: “Among the importers and wholesalers I talked to, everyone was surprised by the trade data, especially the import performance of the Netherlands, Germany, and Belgium was very strong.
     
      Van der Pijl pointed out that in the summer (last year) Europe was unblocked, people would go abroad for vacations and spend in hotels, and there was a rebound in shrimp imports.
    Some European importers stated that the market conditions at that time were better than expected, and the catering sector began to clear inventory as early as the first round of the lockdown period.
    However, European stocks are still high at this stage, because many importers have ordered a lot of new products during the summer to fill the inventory.
    I guess these stocks may not have been sold yet, because the second and third wave of blockade orders are more stringent.
     
      Jeff Sedacca, CEO of Sunnyvale Seafood Company, a California seafood trading company, also said that this year's trade will rebound rapidly.
    "As the epidemic eases, I believe both supply and demand will rebound significantly.
    In the US market, we have already seen signs of a strong return in the catering industry.
    "
     
      Sedacca believes that the recovery of the US restaurant industry will not lead to weak retail demand.
    “I don’t think this is a zero-sum game.
    Millions of Americans have learned to cook at home.
    This trend will continue.
    Retail sales will not decline because people eat out.
    I believe that the retail industry’s recent The increase will continue to accumulate and eventually become part of the total sales growth.
    "
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