European Customers Show More Interest in Latin American Shrimp Than Asian Shrimp

According to Bootsman, Customers are looking for more sustainable routes for the future. He noted that efforts in sustainability from shrimp suppliers are better organized and promoted in Latin America.  

He also pointed out practical reasons for this shift

“I recently visited Vietnam, and they are focusing on value-added products and selling more to Japan.” Additionally, India faces logistical challenges in shipping goods.

Willem van der Pijl, CEO of the Global Shrimp Forum in September 2024, which organized the exhibition, presented EU import data supporting Bootsman’s analysis.

European imports from South and Central America increased by 10% in the first half of 2024 compared to the same period last year, while imports from Asia decreased by 10%. Asian imports also declined in 2023, while imports from South and Central America rose.

Ecuador and Venezuela are the major suppliers, continuing to gain market share. Meanwhile, in Asia, imports from India, Vietnam, Bangladesh, and other Asian suppliers all declined. Overall, van der Pijl forecasts that European shrimp imports will increase by 3% compared to the same period last year, reaching 330,337 tons in 2024. This would be the second-largest volume ever, following 2022. Van der Pijl noted that 2022 saw record-high prices driven by retail demand during the COVID-19 pandemic, while average prices in 2024 have reached historic lows.

Source: vasep.com.vn

• Spotlighting 7 industry giants owning Vietnam's leading high-tech shrimp farming models

• Proper Cleaning and Maintenance Guide for AQUA MINA Turbo Air Blowers

• Sharing the benefits of shrimp farming between ponds

• Ca Mau Prepares to Launch a 5.3 Trillion VND High-Tech Aquaculture Project

• AQUA MINA Welcomes International Delegation: Expanding Opportunities for Cooperation in the Aquaculture Industry

• Secrets to Maintaining Optimal Water Color in Intensive Vannamei Shrimp Ponds During Hot Weather

• Comparing Handheld vs. 24/7 Fixed Oxygen Meters for Aquaculture: Which Option Suits Your Pond Best?

• AQUA MINA Oxygen Meter and Warning System for Shrimp and Fish: A Reliable Helper for Aquaculture Pond Monitoring

• Portable Dissolved Oxygen, pH, and Temperature Meter: 3 Essential Parameters Integrated into One Device

• AQUA MINA at the Japan Seafood Expo 2026: Vietnamese Equipment Makes Its Mark on the International Stage

• Innovating Sturgeon Farming Models to Unlock New Economic Development Opportunities in Nậm Chày

• Enhancing Adaptability Towards a Sustainable Shrimp Industry