Global shrimp production is expected to decline in the first half of 2024. Despite this, consumption demand remains high, particularly in the US and China.

Ecuador: Leading the Way Amidst Challenges

Ecuador, despite a forecasted decrease in production compared to last year, remains the world’s leading shrimp producer. The country’s shrimp industry faces several challenges, including rising costs for small-scale farms and the need for medium-scale farms to consolidate to stay competitive.

The Vietnamese shrimp industry is grappling with multiple difficulties such as aging ponds, diseases, and high production costs. The prevalence of white spot disease is expected to worsen, putting considerable pressure on shrimp production.

Indonesia: Stagnation and the Need for Improvement

Shrimp production in Indonesia is currently stagnant, primarily due to disease issues. The Indian shrimp industry is making significant progress, with production expected to increase by 10% this year. One of India’s main advantages is its low production costs, attributable to low stocking densities.

Thailand is concentrating on producing high-quality, value-added shrimp for the domestic market. There is a growing interest in using genetics to improve shrimp varieties, aiming to enhance the overall quality and competitiveness of Thai shrimp.