Read more about vannamei shrimp import trends in 2023:
Vannamei Imports in China from January to May
Vannamei Imports in China from January to June
Vannamei Imports in China from January to July
Vannamei Imports in China from January to September
Vannamei Imports in China from January to October
Quick summary of the situation
In comparing the vannamei shrimp import data in November to the previous month, several trends and shifts become evident in China’s shrimp import market. Notably, Ecuador, while maintaining its position as the top exporter to China, experienced a slight decrease in its export volume to 2180 FCL in November from a higher figure in the preceding month. This change could mean seasonal variations or adjustments in supply dynamics. India, as the second-largest exporter, also saw a reduction in its export volume to 507 FCL, aligning with a general trend of declining exports from major suppliers as the year progresses.
Among other exporters, Thailand, Indonesia, and Vietnam maintained their roles as minor but consistent contributors to the Chinese market, with their export volumes remaining relatively stable or showing slight fluctuations. This stability suggests a steady demand for their shrimp products in China.
Regionally within China, Guangdong and Shandong provinces continued to lead in imports, but both showed a decrease in volumes compared to the previous month, indicating a potential seasonal decline in demand or a market correction. Conversely, provinces like Zhejiang and Beijing displayed an uptick in imports, possibly reflecting a resurgence in demand or strategic stocking.
Overall, the November data points to a general trend of reduced imports from major suppliers, possibly indicative of market saturation, the end of peak consumption periods, or other economic factors affecting trade and consumption patterns. These trends highlight the dynamic nature of the shrimp market, influenced by a complex interplay of global supply chains, regional demands, and seasonal cycles.
China’s Imports of Shrimp by Country of Origin for November
Ecuador
As mentioned above Ecuador continues to lead as the top exporter to China with 2,180 FCL in November. Although there’s a noticeable shift from earlier highs, the volume remains significant, underlining Ecuador’s dominant position in the Chinese market.
India
India follows as the second-largest exporter with 507 FCL, demonstrating a consistent presence in the market, albeit with a lower volume compared to Ecuador.
Thailand
Contributing 99 FCL, Thailand’s export to China is relatively modest, especially when compared to the market leaders.
Indonesia and Vietnam
These countries exported 73 FCL and 71 FCL respectively, suggesting a smaller but notable presence in the Chinese market.
Peru and Saudi Arabia
Peru exported 67 FCL and Saudi Arabia 43 FCL, indicating a smaller scale of trade with China.
Other countries
Myanmar, Malaysia, Pakistan, and Venezuela also contribute to the imports, with volumes ranging from 18 FCL to 29 FCL, showcasing a diverse range of minor exporters to China.
Ecuador’s Imports to China by Province for November
Guangdong: Remains a significant destination for Ecuadorian shrimp with 443 FCL, showcasing its consistent demand.
Shandong: Following closely, Shandong imported 414 FCL, maintaining its position as a major importer.
Zhejiang: Marked a substantial import volume with 374 FCL, indicating strong demand.
Tianjin: Showed a considerable import amount of 261 FCL, contributing significantly to the total imports from Ecuador.
Provinces like Beijing, Hunan, Hebei, and Liaoning also imported notable quantities, with volumes ranging from 101 FCL to 121 FCL.
Other Provinces: Including Fujian, Hubei, and Henan had varying import volumes, contributing to the diversity in regional demand within China.
Indian Imports to China by Province for November
Guangdong: Leading the imports from India with 216 FCL, highlighting its robust demand for shrimp.
Shandong and Zhejiang: Both provinces imported considerable volumes, with around 80 FCL each showing a steady demand.
Fujian and Tianjin: With 36 FCL and 30 FCL respectively, these provinces indicate a consistent but smaller scale of imports from India.
Other regions like Guangxi, Beijing, and Shanghai showed lower import volumes, suggesting regional preferences or sufficient local supply.
Conclusion
The data for November indicates Ecuador as the predominant exporter to China, with India also maintaining a significant presence. The diversity in exporting countries and the regional distribution of imports across Chinese provinces offer insights into the dynamic shrimp trade market. While some provinces like Guangdong and Shandong show a strong preference for Ecuadorian shrimp, others maintain varied import patterns. This distribution underscores the complex interplay of supply, demand, and regional preferences in China’s shrimp market.