US imports in November 2024 reached 71,782 MT, up 1% year over year, slightly behind October 2024, and the second-highest volume of 2024. The year total is now at 696,154 MT, 4% behind 2023, 14% behind the record of 2021, but 2% above the import volume of 2021. If the US continues this trend, Jan-Dec imports in 2024 will reach around 760,000 MT.
Suppliers:
- India
- November 2024: 27,102 MT = -14%
- Year-total 2024: 270,619 MT = -9%
- Ecuador
- November 2024: 13,374 MT = -4%
- Year-total 2024: 170,549 MT = -1%
- Indonesia
- November 2024: 12,509 MT = +12%
- Year-total 2024: 120,098 MT = -8%
- Vietnam
- November 2024: 7,440 MT = +25%
- Year-total 2024: 63,468 MT = +12%
Products:
- Peeled frozen
- November 2024: 33,482 MT = -1%
- Year-total 2024: 346,729 MT = +1%
- Shell-on frozen
- November 2024: 19,060 MT = -3%
- Year-total 2024: 185,995 MT = -12%
- Value-added (cooked/marinated)
- November 2024: 13,332 MT = +22%
- Year-total 2024: 103,875 MT = -4%
- Value-added (breaded)
- November 2024: 5,411 MT = -18%
- Year-total 2024: 54,453 MT = 0%
Regarding average import prices, India continues a steady increase as the average import price of peeled shrimp reached $7.63 in November 2024. However, the current prices are still considerably below the price level of 2019-2021, before the peak in imports and the following oversupply situation. Ecuador has seen a more volatile 2024 in terms of its average import price for shell-on shrimp to the US. In November 2024, prices jumped to $6.95, showing a slightly positive longer-term trend.
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