In July, the EU Imported the Largest Volume of Shrimp in 2024 and the Highest Ever in July

Contrary to the US, the shrimp import volume is seeing an upward trend in the EU. After a small 2% YoY drop in June, in July, with 45,833 MT, imports increased YoY by 12%. The year-total YoY increase amounts to 5%. July’s import volume is the highest recorded this year and the highest-ever import volume for the month itself.

In the first seven months of 2024, shrimp imports grew in the South (6%) and East (15%) of the EU. In the West, imports dropped by 4%. In 2024, the South of the EU remains by far the largest importer of shrimp, representing 64% of total imports, up from 62% in 2023. The West of the EU represented 33% in 2024, down from 36% in 2023. The East of the EU represents less than 2% of total EU imports.

South and Central America’s 2024 supplies to the EU grew by 10% YoY, while imports from Asia grew by 1%. In 2024, South and Central America’s share of EU imports increased from 54% to 58%. The share of Asian suppliers remained at 30%. Among smaller suppliers, imports from Africa and the Middle East dropped by 12%. Coldwater shrimp imports from North America (US and Canada) and other European countries (such as Norway and the UK) fell by 31% and 20% YoY, respectively.