Company News
Effect of COVID-19 on aquaculture
Views : 1525
Author : Ena
Update time : 2022-01-24 11:22:30
COVID-19 was bad for the EU food service industry and good for the EU retail industry. But it was not as bad for the food service industry as people thought it would be. During the summer of 2020, when the first wave of COVID-19 came to an end, people went out dining quite a lot. Restaurants’ suppliers could sell their stocks. While delayed containers started to arrive in July and August, they were not sufficient to meet demand, and new orders were placed from July onwards. The second wave of COVID-19 caused new lockdowns to be reinstated during winter. Then, in the spring of 2021, the situation became more under control, and, gradually, society started reopening. Now, during summer, EU consumers are ready to enjoy life, and, among other things, shrimp, again.
Looking at how this translates into statistics, imports of raw and blanched Penaeus shrimp (HS 03061792) – mainly L. vannamei and partly P. monodon – increased from 255,000 MT in 2019 to 269,000 MT in 2020 (see Figure 1). This is interesting because the EU’s total shrimp imports slightly contracted from 484,000 MT in 2019 to 479,000 MT in 2020. It was mainly the import of Argentinian wild-caught shrimp (HS 03061791) that declined. The increase in imports of Penaeus shrimp and the decrease of imports of other species confirms that L. vannamei is mainly a retail product, as opposed to the other species that are primarily food service products for out-of-home consumption. Value-added and cooked shrimp imports from Asia and South America slightly contracted from 32,000 MT to 31,000 MT.
Due to logistical challenges and disappointing harvests this year, importers currently have trouble sourcing sufficient products. Although demand is there, especially now that most lockdowns are coming to an end, most importers only seem to be able to meet immediate demand but are unable to build new inventories. This is good news for suppliers! It means that, most likely, demand will continue to be strong after this summer and maybe even until next year’s first crop in March or April. Farmgate prices may therefore remain favorable, unless farmers decide to produce a . crop that the market cannot absorb.
ALTHOUGH 2020 WAS NOT A BAD YEAR FOR PENAEUS SHRIMP’S VOLUME IN THE EU, IT WAS A LOUSY YEAR FOR ASIAN SUPPLIERS
Interestingly, it was not Asia that grew its Penaeus exports (HS03061792) to the EU. On the contrary, EU imports of Penaeus shrimp from Asia contracted by 6,000 MT, while imports from South America grew by almost 23,000 MT (Figure 2). Within Asia, it was mainly India and Bangladesh that saw their exports drop; India from 29,000 MT to 26,000 MT and Bangladesh from 20,000 MT to 17,000 MT. Vietnam managed to increase its exports slightly but possibly not as much as might have been expected with the Free Trade Agreement (FTA) with the EU in place. Its exports to the EU increased from 27,700 MT to 28,400 MT. Jointly, India, Bangladesh, and Vietnam account for 95% of total Penaeus imports from Asia. In South America, it was mainly Ecuador that increased its exports; from 99,000 MT in 2019 to 124,000 MT in 2020.
Looking at how this translates into statistics, imports of raw and blanched Penaeus shrimp (HS 03061792) – mainly L. vannamei and partly P. monodon – increased from 255,000 MT in 2019 to 269,000 MT in 2020 (see Figure 1). This is interesting because the EU’s total shrimp imports slightly contracted from 484,000 MT in 2019 to 479,000 MT in 2020. It was mainly the import of Argentinian wild-caught shrimp (HS 03061791) that declined. The increase in imports of Penaeus shrimp and the decrease of imports of other species confirms that L. vannamei is mainly a retail product, as opposed to the other species that are primarily food service products for out-of-home consumption. Value-added and cooked shrimp imports from Asia and South America slightly contracted from 32,000 MT to 31,000 MT.
Due to logistical challenges and disappointing harvests this year, importers currently have trouble sourcing sufficient products. Although demand is there, especially now that most lockdowns are coming to an end, most importers only seem to be able to meet immediate demand but are unable to build new inventories. This is good news for suppliers! It means that, most likely, demand will continue to be strong after this summer and maybe even until next year’s first crop in March or April. Farmgate prices may therefore remain favorable, unless farmers decide to produce a . crop that the market cannot absorb.
ALTHOUGH 2020 WAS NOT A BAD YEAR FOR PENAEUS SHRIMP’S VOLUME IN THE EU, IT WAS A LOUSY YEAR FOR ASIAN SUPPLIERS
Interestingly, it was not Asia that grew its Penaeus exports (HS03061792) to the EU. On the contrary, EU imports of Penaeus shrimp from Asia contracted by 6,000 MT, while imports from South America grew by almost 23,000 MT (Figure 2). Within Asia, it was mainly India and Bangladesh that saw their exports drop; India from 29,000 MT to 26,000 MT and Bangladesh from 20,000 MT to 17,000 MT. Vietnam managed to increase its exports slightly but possibly not as much as might have been expected with the Free Trade Agreement (FTA) with the EU in place. Its exports to the EU increased from 27,700 MT to 28,400 MT. Jointly, India, Bangladesh, and Vietnam account for 95% of total Penaeus imports from Asia. In South America, it was mainly Ecuador that increased its exports; from 99,000 MT in 2019 to 124,000 MT in 2020.
Related News
Exploring Useful Aquaculture Tools WIth Ecowater
Sep .05.2023
The use of automatic fish feeding equipment in fisheries production is becoming more frequent as the aquaculture sector evolves. With their broad and equal distribution of feed, these devices enable fish feeding, improve feed consumption, and reduce feed
WWTP Aeration Gamer Changer
Aug .11.2023
The rotary aerator introduces gas through the rotating flow of liquid, creating turbulence and vortices that distribute the gas into microscopic bubbles. This aerator excels in gas-liquid mixing and liquid agitation. Rotary aerators are extensively used i
Navigating Indonesia's Aquaculture with Ecowater
Aug .03.2023
Ecowater had the honor of taking part in a spectacular excursion to Indonesia, with the goal of learning more about the country's shrimp farming sector and discovering new potential for shrimp company development.
