Despite the weak production in the main shrimp producing areas, U.S. shrimp imports have increased for 8 consecutive months!
According to the latest trade data from the US National Oceanic and Atmospheric Administration (NOAA), although COVID-19 continues to ravage and cause damage to the world’s major shrimp producing countries, US consumers’ demand for shrimp It has been growing.
In July 2021, the United States imported 76,440 metric tons worth US$664.8 million, which is a 12% increase in the number of shrimp imported in July 2020 and a 16% increase in value. This marked the eighth consecutive month of year-on-year growth in the United States.
In the United States, the prices of all protein products are rising, and shrimp is no exception-although there has not been a significant increase. The United States paid US$ 8.70 per kilogram in July 2021, which is, on average, a 3% increase from the US$ 8.40 per kilogram paid in July 2020 and US$ 8.41 per kilogram in June 2021.
India's exports to the United States continue to show an upward trend
India continues to recover from the COVID-19 blow.As the largest source of shrimp in the United States, it sent 30,070 tons of shrimp worth US$250.8 million to the United States in July 2021. Compared with the performance in July 2020, the export volume increased by 25% and the value increased by 22%.
In July 2021, India accounted for 39% of US shrimp imports. According to the latest statistics from India, India has been affected by COVID with 32.9 million cases and 440,533 deaths. On September 5 alone, 42,766 new cases of coronavirus infection were reported. However, compared with the 400,000 daily figures recorded in April and May, this is far lower than earlier. Australian media pointed out that businesses in some Indian states have been restored and schools are reopening.
According to data from the Indian Ministry of Commerce, India's overall shrimp exports have always remained high. Some practitioners said, “I’m surprised to see an increase in production,” said Manoj Sharma, director of Mayank Aquaculture in Gujarat. “Shrimp production has declined at the farm level.” At the same time, Indian shrimp prices have remained relatively stable. According to data from the National Oceanic and Atmospheric Administration of the United States, the average price of shrimp imported from India by the United States is US$8.34/kg, which is 2% lower than the price paid in July 2020 and US$8.26/kg compared to the average price paid in June 2021. Increased by 1%.
Ecuador remains locked in the new second place
is another big 13span span.It became the second largest source of shrimp in the United States for the second consecutive month in July, exporting 17,763 tons, valued at US$139.3 million, sales increased by 25%, and value increased by 56%. In addition to the overall increase in export volume and value, Ecuadorian shrimp exporters have been gaining market share in the United States since at least July 2020, when China suspended export licenses of several Ecuadorian prawn companies due to COVID-19. The average price of Ecuadorian shrimp in the United States is 7.84 USD/kg, which is 25% higher than the USD 6.27/kg paid in July 2020 and 9% higher than the 7.17 USD/kg paid in June. Recently, in the 34th week, the price of most shrimp farms in Ecuador increased by US$0.05/kg to US$0.30/kg.
Vietnam is expected to surpass Indonesia’s shrimp exports
worth 1.62 billion tons to the United States in July 2021 This has fallen by 6% in volume and 5% in value. The average price of shrimp in Indonesia is USD 8.79/kg, which is 1% higher than in July 2020. According to Reuters, this Southeast Asian country has also been fighting COVID, reporting more than 4 million cases and 131,000 deaths.
Given that Vietnam has maintained its export speed to the United States, Indonesia may even become the fourth largest source of shrimp in the United States in the near future.
According to data from the US National Oceanic and Atmospheric Administration,Vietnam shipped 9,152 tons of shrimp to the United States in July 2021, valued at US$97 million, an increase of 39% in volume and 34% in value from July 2020. Its average price is US$10.59/kg, which is 4% lower than in July 2020.
The Vietnamese shrimp industry has recently received good news and bad news. Earlier this month, major farmer and processor Minh Phu Seafood stated that it has increased its franchise capital for its incubating subsidiaries. Earlier this year, it invested 138 billion VND (US$6.04 million) to create the Minh Phu seafood farming company in Ninh Thuan, and stated that “the seedlings determine more than 60% of the success of shrimp farming”. However, Vietnam is also responding to the COVID problem. According to an undercurrent source at Ho Chi Minh City , the continued blockade of important shrimp producing areas and the “3TC” regulations have made business very difficult.
China's exports are still troubled by tariffs
Although the overall increase in shrimp imports for China in July of 2020, compared with the United States, it is a bad year for shrimp imports. In July 2021, 13 of the top 20 shrimp sources in the United States shipped shrimp to the United States. Among them is Thailand, which exported 3,541 tons of Penaeus vannamei to the United States, valued at 38 million U.S. dollars, a decrease of 12% in volume and 14% in value. In addition, Argentina exported 1,043 tons of wild-caught red shrimp to the United States,Valued at US$11.5 million, the quantity fell by 22% and the value fell by 24%. In the three-year trade war initiated by the United States, China was plagued by high tariffs. Although it continued to be a source of U.S. shrimp, China exported 1,116 tons of shrimp worth 6 million U.S. dollars to the U.S. in July 2021. Compared to July 2020, the volume and value have fallen by 16% and 11%, respectively. The average price paid by China for shrimp in the United States in July 2021 was US$5.41/kg, which was an increase of 5% from the US$5.13/kg paid in July 2020.
The US ban affects shrimp fishing and export in Mexico
Shrimp imports from Mexico have also declined. The United States imported 457 tons, valued at US$4.5 million, a 67% decline in quantity and 61% in value. The average price paid was US$9.79/kg, which was a 20% increase from the previous payment of US$8.16/kg. However, Mexico is facing a partial ban on shrimp exports to the United States due to its inability to comply with U.S. sea turtle protection regulations. At the same time, the lack of an official date for the start of the Mexican shrimping season is also causing uncertainty in the industry.
Can the Russian pollock bulk carrier return to China?
Last year, affected by COVID-19 , China's pollock processing centers Dalian and Qingdao were closed, resulting in the closure of Russian bulk carriers no longer allowed to carry cargo. This broke the previous efficient business model.
Pollock that has headed viscera (H&G) transferred from a sea fishing vessel and shipped directly to China as a bulk cargo cannot be directly transported through Dalian and Qingdao Port . The Russian Fisheries Corporation (RFC) confirmed that there is still no update on when bulk carriers will be allowed to transport fish to China again.
So, will the trade start again? This will depend on the specific COVID situation and China's attitude towards COVID control, said Savely Karpukhin, deputy director general of the RFC. "At RFC, we introduced our own COVID protocol, which is more stringent than other industries. We support our crew vaccination: the company now has more than 70% vaccination as a whole; some ships have reached 100% crew vaccination." But The ban on bulk cargo means that RFC can only use new routes to bring H&G, fish fillets and other products to the market.
Karpukhin stated that the company plans to use rail to transport pollock from the Far East to St. Petersburg before shipping to European ports, German Bremerhaven, French span13_span 15 Le Havre Port of Lowestoft. He said: "This makes it possible for us to shorten the time for product delivery to consumers and ensure product safety control." A subsidy of 25% is used to encourage this change.
Karpukhin said that despite logistics problems, "the main part of our H&G cod is shipped to China, and China is still our main market for this product."
As China stopped accepting Russian fishing certificates for products transshipped through Korean ports, the shipment of Russian H&G from Busan was stopped in July. Therefore, Russian H&G is importing and re-exporting with Korean health certificates. However, the RFC confirmed that the flow has restarted, but at a slower rate. "According to the new Korean health certification regulations, we are transferring H&G ex-Busan to China. This process is progressing slowly. We estimate that the total import of 6 million H&G into China by 2021 will drop by about 65%." This will have a market impact. Certain influence. "In our opinion, this will inevitably lead to a severe shortage of cod fillet in major markets (mainly Europe)," Karpukhin said.
Source: fishing easy to shoot
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