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Nearly 60% of Ecuadorian shrimp exports in 2023 will be sold to China, with the average price falling by 17%

In 2023, Ecuador's shrimp export volume once again set a new record, with a total export volume of nearly 1.2 million tons, a year-on-year increase of 14%, an export value of US$6.29 billion, a year-on-year decrease of 5%, and an average price of $5.18/kg, lower than the previous year's $6.28/kg.

As the largest export market for Ecuadorian shrimp, China sold more than 714,000 tons last year, accounting for 59% of the export share; export volume increased by 21% year-on-year, and export value decreased by 2% to US$3.5 billion.

The EU is Ecuador's second largest market, with an export volume of 213,000 tons, a year-on-year increase of 18%, accounting for 18% of the export share; the export value was approximately US$1.11 billion, a year-on-year decrease of 5%. Among them, the sales volume of France decreased, while the sales volume of Spain (64,600 tons), Italy, the Netherlands and Belgium increased.

The U.S. market ranks third, with sales volume last year of 206,000 tons, accounting for 17%, and export value of approximately US$1.23 billion.

Looking at the export prices of individual countries, China's price is the lowest at $4.90/kg, down 19% year-on-year; the US price is $6.08/kg, down 13%; the Spanish price is $4.91/kg, down 16%.

In December 2023, Ecuadorian white shrimp exports maintained double-digit growth, with an export volume of approximately 106,000 tons, a year-on-year increase of 18%. The United States increased significantly, reaching 19,122 tons (an increase of 9%); Spanish and Italian exports increased by 15% and 50% respectively, to 4,243 tons and 3,537 tons.

Export prices continued to decline in December, with the average price at $4.75/kg, lower than November's $4.81/kg and down 13% from the same period last year.


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