In April 2024, Ecuador’s shrimp industry exported a record volume of 111,512 tons of shrimp. This marks the highest monthly export volume in the sector’s history.

Growth Amidst Market Challenges

Despite facing low shrimp prices, Ecuadorian shrimp exports saw a notable 19% increase in volume compared to April 2023. This growth not only set a new benchmark but also contributed to a 6% rise in export value year-over-year, according to the Ecuadorian Federation of Exporters (Fedexpor).

The sector navigated challenges with resilience, particularly the temporary suspension of nine Ecuadorian shrimp farms from exporting to China due to quality concerns. Despite this setback, April witnessed a 6% increase in shrimp shipments to China.

Market Diversification and Growth

Shipments to the United States surged by 28% and to the European Union by 32% in April 2024. These markets proved pivotal in offsetting the impact of the Chinese suspension and contributed significantly to overall sector growth.

Despite the impressive April figures, the first four months of 2024 saw a slight dip in total shrimp exports, amounting to 387,000 tons—a 1% decrease compared to the same period in 2023. In value terms, exports reached USD 2.169 billion, reflecting a 13% decline year-over-year, as reported by the Central Bank.

Industry Insights and Prospects

José Antonio Camposano, president of the National Chamber of Aquaculture, highlighted industry dynamics where monthly export increases often stem from strategic harvest delays aimed at enhancing shrimp size and quality. This strategy, if sustained, could signal future production growth.