US SHRIMP IMPORTS DECLINED IN 2023: US SHRIMP IMPORTERS DATA

US shrimp imports declined in 2023: US Shrimp Importers Data

US shrimp imports declined in 2023: US Shrimp Importers Data

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US Shrimp Imports Declined in 2023: US Shrimp Importers Data

In 2023, the US shrimp import market experienced a notable decline, reflecting a broader trend in consumer behavior amid economic challenges. Shrimp, often seen as a key indicator of consumer spending and economic health, faced reduced demand as high inflation and economic uncertainty weighed on American shoppers.

As a result, shrimp imports into the United States dropped significantly, falling just below 790,000 tons compared to nearly 900,000 tons in 2021. Despite the decline, 2023 marked a recovery from the pandemic-driven low of 2020.

US Shrimp import data, top Shrimp Importers in USA :Shrimp Buyers List

US Shrimp Import Data & Statistics Overview


According to the latest US shrimp import data, the total import value reached $6.6 billion in 2023, marking a sharp decrease from the $8.4 billion in 2022. This figure mirrored the import value from 2020, underscoring the economic impact on consumer demand. While larger suppliers such as India and Ecuador maintained steady shipments, smaller suppliers like Indonesia, Vietnam, Thailand, and Mexico saw significant reductions.

US Shrimp Imports by Country (2023)


India continued to dominate as the largest supplier of shrimp to the US, with a total value of $2.4 billion. Ecuador followed closely behind, with $1.4 billion in shrimp exports to the US. However, smaller shrimp-exporting countries saw sharp declines:


    • India: 296,000 tons ($2.4 billion)



 


    • Ecuador: 206,000 tons ($1.4 billion)



 


    • Indonesia: 146,000 tons ($1.2 billion)



 


    • Vietnam: 62,000 tons ($665 million)



 


    • Thailand: 29,000 tons ($350 million)



 


    • Mexico: 16,000 tons ($200 million)



 

 

Leading US Shrimp Importers data by company


The shrimp import sector in the US remains dominated by a few key players who ensure a steady supply of high-quality shrimp despite the overall decline in imports. The top 10 shrimp importers in the USA include major seafood companies such as Red Chamber Group, Chicken of the Sea Frozen Foods, and Pacific Coral Seafood, alongside others such as H&N Group, Ore-Cal Corporation, and Aqua Star.

Here are some of the leading US shrimp importers and their import volumes in 2023:


    1. Red Chamber Group: $1.1 billion (30,000 metric tons)



 


    1. Chicken of the Sea Frozen Foods: $800 million (19,000 metric tons)



 


    1. Pacific Coral Seafood: $600 million (12,000 metric tons)



 


    1. H&N Group: $550 million (13,000 metric tons)



 


    1. Eastern Fish Company: $500 million (15,000 metric tons)



 


    1. Ore-Cal Corporation: $450 million (10,000 metric tons)



 


    1. Aqua Star: $400 million (8,000 metric tons)



 


    1. Sea Best: $360 million (6,000 metric tons)



 


    1. Stavis Seafood: $320 million (5,000 metric tons)



 


    1. Baywatch Seafood Inc.: $100 million (4,000 metric tons)



 

 

Economic Factors Affecting Shrimp Imports


The decline in shrimp imports in 2023 can be attributed to several factors, including economic uncertainty, inflation, and changing consumer preferences. Shrimp, known for being a premium seafood product, saw reduced demand as American consumers became more cautious with spending. The economic pressures from inflation and rising costs of living led to shifts in purchasing habits, impacting shrimp consumption.

In addition to economic factors, advancements in global shrimp farming and technological improvements in transportation have allowed suppliers from countries like India, Ecuador, and Indonesia to maintain competitive pricing and reliable shipment schedules. However, the economic environment of 2023, along with logistical challenges, has contributed to the reduction in shrimp import volumes.

Conclusion


While 2023 saw a decrease in US shrimp imports statistics , the market remains resilient with significant contributions from key suppliers like India and Ecuador. The top shrimp importers in the USA continue to play a vital role in maintaining a steady supply of shrimp, despite the challenges posed by the broader economic landscape. Shrimp buyers in the US can look to major importers like Red Chamber Group, Chicken of the Sea Frozen Foods, and Pacific Coral Seafood to ensure a consistent and reliable supply of shrimp in the future.

To explore more about US shrimp importers and connect with verified buyers, access the comprehensive database of shrimp importers at USImportdata and strengthen your business network in the US shrimp market.

 

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