|
Article Excerpt Give me your cultivated black tigers from Thailand, wild tigers from Nigeria, whites from China and South America, reds from India, Argentine pinks, Oman tails, freshwater prawns from Vietnam, and brown shrimp from Mexico. The United States has long been a megamarket for exporters of frozen shrimp the world over. Is the bright beacon of free trade about to fade?
With demand for shrimp imports by Japan relatively flat during the past decade due to the nation's nagging recession, the US market has loomed ever larger in importance for Asian exporters. All the more so recently, following implementation of stringent European Union inspection standards [see related story on page 62] which have resulted in rejections and even destruction of imports discovered to have trace elements of banned substances.
It's a good thing, then, that the growing appetite Americans have for shrimp shows no sign of abating. In 2001, for the first time in history, the popular shellfish was ranked as the number one fishery product consumed in the country. Per capita intake reached 3.4 pounds, surpassing 2.9 pounds for second-ranked tuna. Over the last decade, consumption of shrimp in the US has increased by almost one pound per person.
This has been stimulated in no small part by lower prices resulting from rising aquaculture production around the world. Imports last year rose 7% last year to a record high of 429,303 metric tons. At the same time, dollar value slipped 6% to $3.4 billion. That followed a 16% surge in volume and a 5% reduction in value in 2001--to 400,337 tons and $3.6 billion, respectively.
Thailand is the leading exporter to the US market, sending 115,104 metric tons of primarily farm-raised Peneaus monodon shrimp in 2002. China ranked second with shipments totaling 49,507 tons, up 77% over the year before thanks to a sharp increase in output of cultured Peneaus vannamei. Next were Vietnam with 44,686 tons (+34%), and India with 44,244 (+35%).
Three Latin countries completed the "Top Seven" list of suppliers: Ecuador, 26,297 (+40%) metric tons; Mexico, 24,297 (-19%); and Brazil, 17,773 (+81%).
So all is well, right? The supply line is bringing in more product at lower prices, thus enabling more folks to affordably enjoy more shrimp cocktails, beer battered prawns, and "all you can eat" fried shrimp dinners for $9.99.
Wait just a minute, says Eddie Gordon, who believes that artificially depressed prices are threatening to soon make an already endangered US domestic shrimp...
|
|

More articles from Quick Frozen Foods International
The lobsters are red, but the ink is black as Fishery Products Interna..., April 01, 2003 World's their oyster: now IQF breaded. (QFFI's Global Seafood Magazine..., April 01, 2003 European Seafood Exposition alive with innovative frozen products: ove..., April 01, 2003 Thai shrimp: quality, standard and environmental care., April 01, 2003 Importers and processors alliance seeks sanity in inspection process: ..., April 01, 2003
Looking for additional articles?
Search our database of over 3 million articles.
Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication
name or publication date.
About Goliath
Whether you're looking for sales prospects, competitive information, company
analysis or best practices in managing your organization,
Goliath can help you meet your business needs.
Our extensive business information databases empower business
professionals with both the breadth and depth of credible,
authoritative information they need to support their business
goals. Whether it be strategic planning, sales prospecting,
company research or defining management best practices -
Goliath is your leading source for accurate information.
|
|