In China, the appetite for fish and seafood, including shrimp, has more than doubled over the past two decades.

Steady Rise in Per Capita Consumption

From 2018 to 2022, per capita shrimp consumption in China grew at an impressive average annual rate of 6.2%. By 2022, the average Chinese consumer was eating 3 kilograms of shrimp per year, reflecting the increasing popularity of this versatile seafood.

China’s importation of frozen shrimp reached new heights by the end of 2023, with a total of 1.1 million tons valued at USD 5.9 billion. This represents an 11.7% increase from the previous year, underscoring the country’s burgeoning demand for shrimp.

Russia’s Growing Role as a Shrimp Supplier

Russia has secured its position as a notable shrimp supplier to China, ranking 7th in terms of supply volume. By the end of 2023, Russia had exported approximately 5,000 tons of shrimp to China, worth USD 122 million.

Russian shrimp is highly regarded in foreign markets for its premium quality, which commands a high price. In the past year, Russian shrimp was sold at an astonishing USD 21.6 thousand per ton, making it the highest-priced shrimp in the world. This price is 3.9 times higher than the global average, reflecting the exceptional quality and demand for Russian shrimp.