Global shrimp market
Brackish shrimp is one of the most commonly consumed and popular seafood worldwide. Demand for shrimp and processed products from shrimp grows and grows strongly due to nutritional value and health benefits, improving bone and brain health and reducing the risk of cardiovascular disease. The trend of low-fat and safe food consumption and the demand for sea proteins in both developed and developing countries is now boosting the growth of the shrimp market. Thanks to the above benefits, shrimp is an important part of varied dishes and has emerged as a high value product among consumers. Global demand for shrimp has been volatile in the past five years. Global shrimp production has decreased in 2012, mainly in China, Thailand, Vietnam and Mexico markets due to the EMS outbreak originating in China. However, the market recovered partially in 2014, but declined slightly in 2015 and recovered in 2018. According to statistics, global shrimp production in 2018 reached about 5 million tons. FAO forecasts about 7 million tons by 2022, and by 2030 to reach about 11.5 million tons. According to FAO forecasts, the price of farmed shrimp may increase gradually in the period of 2018-2020 and then tend to stabilize from 2020-2030. Every country with good product quality and reasonable price will dominate the global shrimp market, especially the price, whichever country has low production cost will occupy a large market share and vice versa, some countries Households with no advantage will have to withdraw from this fiercely competitive market. Some experts under the program Seafood Watch forecast that the market of large sized tiger shrimp (> 40g / fish) of good quality will prevail in the US, Japan, EU and Taiwan markets. Meanwhile, the market for small size white leg shrimp (about 70con / kg), good quality will prevail, especially the Chinese market.