Dr Darryl E Jory
Dr Darryl E JoryAdvisor, Aquaculture Business Development and Support, USA

Day 2: 13 Nov 2019 - 8:30 – 8:50 AM

The US Shrimp Market: Status, Trade and Perspectives

The US depends on imports for over 90% of its shrimp supply annually, and the value of imported shrimp in 2018 was over US$ 6.2 billion (27% of total) out of a total US$ 22.9 billion of imported seafood. According to 2018 year-end data from the U.S. National Marine Fisheries Service, the country imported 695 723 metric tons (MT) of shrimp (about 4.8% more than in 2017), and for the third consecutive year established a new tonnage record – 664 201 MT in 2017 ( about 13.6% more than the previous year) and 584 447 MT in 2016.

India was the top shrimp exporter to the U.S. in 2018 with 247 783 MT, and became the first country to exceed 500 million lbs. of shrimp exports to the U.S. in a calendar year. Indonesia was the third exporter with 132 317 MT, followed by Ecuador (75 893 MT), Vietnam (58 383 MT), China (40 814 MT), Thailand (49 686 MT), Mexico (24 884 MT), Argentina (11 033 MT) and Peru (10 532 MT).

Shrimp is the most consumed seafood in the U.S., with consumption increasing to 4.4 lbs. per capita in 2017 (or 25.7% of total seafood consumption), out of a total seafood consumption of 16 lbs. per capita. Other trends that will be discussed include consumption by segments (away and at home), different regional popularity by species, and others.

The US is a major shrimp market with significant opportunities to expand consumption, but this will require increased educational and training efforts, from chefs and retail store managers to the consuming public.

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SHRIMP 2019

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