Members’ Trade Data Analysis: China/Ecuador June 2020 Back to Back

July 30, 2020

With so much going on in the Chinese and Ecuadorian shrimp industries, and the significant influence that these two trading partners have on each other, we presented our members with back-to-back China/Ecuador Trade Data Analyses.

Chinese imports in 2018, 2019 and 2020 (volumes and average price/kg)

China’s June import data were 74,715 tonnes, 59% higher than June 2019 and 35% higher than in May 2020. When looking at Ecuador’s June exports to China (which will likely be reflected in China’s July imports), however, Ecuador exports to China, which dropped from 52,670 tonnes in May to 27,081 tonnes in June give us a preview of what we might expect.

Comparison of Ecuador’s exports volume and price between 2018, 2019 and 2020

Ecuadorian producers are earnestly trying to find new markets, however, with a planned contraction of production and exports, as well as the declining trend of prices and low demand from its major markets, the situation becomes even more challenging.

This summary offers you a sneak peek at the China/Ecuador June 2020 back to back. Members, find the full report in your library. It includes a breakdown of price developments and the situation in these countries’ other sources/markets.

Not a member yet? Get in contact at [email protected] or get a (trial) membership, through https://seafood-tip.com/become-a-member/, and start receiving unbiased and actionable analysis of the current state of the industry. With the facts and figures we gather and our network of industry experts, we keep our members up-to-date with the rapidly fluctuating prices and import/export trends between major shrimp and seafood markets.

*As China published their January and February imports data, combined, we were unable to separate January’s imports from those of February. For this reason, in the figures, we have taken the average these two months.

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