Chinese Shrimp Import Volume Down 14% YoY but Only 1% Down in Value

China’s import volume in Q1 2025 reached 199,623 MT, down 14% year over year. However, the import value was only down 1%. This illustrates the higher average import prices that the market has witnessed. Some more details are provided below.

Total

• Volume
  • Jan: 69,813 MT = -28%
  • Feb: 62,166 MT = +3%
  • Mar: 67,642 MT = -8%
  • Q1: 199,623 MT = -14%
• Value
  • Jan: $398 mln = -14%
  • Feb: $340 mln = +21%
  • Mar: $352 mln = -3%
  • Q1: $1.09 bln = -1%

Top suppliers by volume

1. Ecuador
   • Jan: 51,013.4 MT = -29.6%
   • Feb: 49,112.4 MT = +16.3%
   • Mar: 50,678.5 MT = -9.5%
   • Q1: 150,804.3 MT = -11.7%
2. India
   • Jan: 10,105.4 MT = -20.7%
   • Feb: 5,909.3 MT = -37.2%
   • Mar: 7,092.8 MT = -19.0%
   • Q1: 23,107.4 MT = -25.2%
3. Argentina
   • Jan: 574.9 MT = -44.5%
   • Feb: 2,964.0 MT = +476.3%
   • Mar: 2,429.5 MT = -3.9%
   • Q1: 5,968.4 MT = +46.4%
4. Thailand
   • Jan: 1,916.3 MT = -24.4%
   • Feb: 1,204.6 MT = -10.3%
   • Mar: 2,015.0 MT = +15.0%
   • Q1: 5,135.9 MT = -8.8%
5. Venezuela
   • Jan: 211.7 MT = -76.3%
   • Feb: 955.5 MT = +5.4%
   • Mar: 2,407.6 MT = +518.7%
   • Q1: 3,574.9 MT = +63.2%
6. Indonesia
   • Jan: 1,135.8 MT = +353.8%
   • Feb: 375.3 MT = -75.2%
   • Mar: 1,367.9 MT = +3.9%
   • Q1: 2,878.9 MT = -6.6%
7. Saudi Arabia
   • Jan: 2,353.9 MT = -35.4%
   • Feb: 224.6 MT = -85.1%
   • Mar: 282.5 MT = -64.5%
   • Q1: 2,861.0 MT = -51.9%

Average prices continued to increase year over year, but in 2025, average import prices saw a sharp decline. This is illustrated in the graph below.