The latest insights from the Vietnam Association of Seafood Exporters and Producers (VASEP) shed light on the pricing trends in the fourth week of 2024. Particularly, the focus remains on Thailand’s whiteleg shrimp export prices, which have maintained stability despite market fluctuations.

Consistent Pricing Dynamics

According to VASEP’s recent data, Thailand’s whiteleg shrimp export prices have remained unchanged in the fourth week of 2024, reflecting the resilience of Thailand’s shrimp industry amidst external factors influencing global seafood markets.

Notably, specific price points for different sizes of whiteleg shrimp elucidate the nuances within the market. Prices for 60-count shrimp, a key category, have retained their values, with rates standing at 3.85 USD/kg for size 60, 3.57 USD/kg for size 70, and 3.36 USD/kg for size 80.

Global Ranking of Shrimp Prices

While Thailand maintains its position as a significant player in the global shrimp market, it’s essential to contextualize its pricing dynamics relative to other major producers. Vietnam, for instance, ranks second globally in terms of shrimp prices.

In the third week of 2024, Vietnamese shrimp prices stood at 4.20 USD/kg, trailing closely behind Chinese shrimp prices. However, by the fourth week, Vietnamese shrimp prices experienced a decline, reaching 7.30 USD/kg. Despite its stable pricing, Thailand ranks third in terms of shrimp prices globally.

Ecuador’s Competitive Edge

Ecuador is offering competitive pricing that sets it apart from other major producers. With prices for 50/60 and 60/70 shrimp at 2.90 USD/kg and 2.70 USD/kg, respectively, Ecuador maintains a competitive edge, appealing to buyers seeking cost-effective options.