Information about the Shrimp Export Data

Shrimp remains superior in seafood industry with many shrimp export data reported to be increased last year particularly for several large shrimp exporters. As one of the most valuable traded aquaculture products, farmed shrimp is still growing in terms of suppliers because it is profitable marine product which gives significant amount of benefit to annual income for some countries. Farming is used because the market demand excess the wild stocks of the shrimp and they are mostly farmed in tropical countries such as India, Indonesia, Thailand, Vietnam, China, and other countries.
Two most popular shrimp species dominating shrimp industry are Pacific white shrimp and Black tiger shrimp. And these species accounted for about 80 percents for overall shrimp export data. As for your information, knowing about shrimp production and export data can help you to find shrimp suppliers who have enough stocks to meet market demand especially for some shrimp loving countries. If you want to import high quality shrimp products to other shrimp suppliers outside your living countries then finding supplier who can produce then export a lot is essential. Find more important information below.

Shrimp export data comparison in the world
Most shrimp production by countries are carried by China and followed by Thailand, Indonesia, India, Vietnam, Ecuador, Brazil, Bangladesh, and so on. For these developing countries, shrimp export import market is essential since it provides essential income annually. Meanwhile, potential importers are shown to be United States, Japan, Europe, and other countries.
Frozen shrimp remains become one of the most attractive products in this market and their shrimp export data getting increased from one year to another. China is the largest shrimp producers but their products mostly distributed only for domestic need. Furthermore, India and Ecuador in the year of 2015, reported to experience some increase in the market.
As for last year, below is some information regarding shrimp production by country in the world which greatly affect the export date of this valuable marine product.

-          Thailand is the second largest producer after India country with increased shrimp production around 15 percent from 260,000 in 2015 to 300,000 metric tons last year.
-          Although India is the top shrimp exporter country, but last year the country only experienced some increase about 5 percent to 400,000 metric tons.
-          Vietnam shrimp production increased about 5 percent 220,000 metric tons. As for Indonesia shrimp production, it was increased about 23 percent to 270,000 metric tons.
Unfortunately, even though some countries experience some increase in their shrimp production. If we want to compare 2016 to 2015 worldwide shrimp production data, the amount was down by 1 percent.

Lower shrimp prices can create a better import demand for Asian suppliers and for this year, it is expected that in general, export activities for farmed shrimp will growing with good prices for both exporters and importers. Leading exporter markets remain the same with United States become one of the largest importers who likely import the products from Asian countries like India, Indonesia, etc. Europe, Japan, and China are other potential countries which need to be noted carefully. In Japan for example, the demand of several shrimp species such as black tiger and sea-caught shrimp as well as vannamei were strong in the catering trade since their domestic stock are low in supply.

In general, shrimp export data situation can be affected by many factors. The first one is the significant change of currency values. It has been reported that in 2015, countries like EU experienced some declined during January to August because the countries affected by the lower currency values. But, of course we hope that for later years like this day, it won’t happen anymore. Moreover, shrimp export data can also be affected by the disease. Shrimp disease becomes a hard challenge for many exporters since long ago and it is need to be taken care properly so it won’t cause bad affect with the export values. Many leading countries are suffers from lower production and export data due to being hit by shrimp diseases. And the affected countries need to recover from the falling production.
In conclusion, the shrimp export data will always fluctuate since many factors can change and affect the data. However, in general, shrimp market will never die since most of people still eating this delicious seafood and already become a part of their lifestyle.