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Trade Tracker: Shrimp import value jumps 16 percent

Thailand product comprises 8 percent of U.S. seafood imports

March 05, 2012

U.S. import values of seafood showed a rising trend throughout 2011 and ended the year by posting a 13 percent increase from 2010. In particular, shrimp and prawn imports posted one of the largest increases for the year, rising more than 16 percent from 2010. Upon entering the country, shrimp and prawns are classified as either frozen or non-frozen.

Of the frozen imports, nearly 25 percent originated from Thailand, followed by 16 percent from Indonesia and 14 percent from Ecuador. For the non-frozen shrimp and prawns, most came from India and China, which hold import market shares of nearly 40 percent and 16 percent, respectively.

Thailand plays an important role in the U.S. seafood industry, with more than 8 percent of all imports originating from that country. Upon arrival, the majority of the imports pass through the ports of Los Angeles and Newark/New York. The amount of seafood entering by vessel from Thailand actually decreased in 2011 compared to recent years.

Conversely, the value of seafood imports (in U.S. dollars) increased compared to recent years. This combination has caused the price per kilogram of seafood imports to climb by nearly 22 percent from 2010 to 2011.

Zepol Corporation is a Minnesota-based company working to provide the most complete and up-to-date U.S. trade data through our subscription tools. TradeIQ™ is a U.S. Customs import Bill of Lading database utilized to find information about competitors, suppliers, prospects, and the products that they use, market, or transport. TradeView™ provides U.S. Census data to visualize the U.S. import and export market. ComplianceMonitor™ is a comprehensive tool that proactively alerts users of essential U.S. import trade compliance information. For more information visit www.zepol.com.

Find other SeaFood Business articles with shrimp here.

March 2012 - SeaFood Business

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