SeaFood Business

MAR 2014

SeaFood Business is the global trusted authority for seafood buyers and sellers. We are the seafood industry's leading trade magazine with more than 30 years of experience. Our coverage is based on the "business" of buying and selling seafood.

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Trade Tracker 26 SeaFood Business March 2014 Visit us online at www.seafoodbusiness.com Shrimp import value increases 19 percent Frozen shrimp comprises $4.15 billion Zepol Corporation is a Minnesota-based company working to provide the most complete and up-to-date U.S. trade data through our subscription tools. TradeIQ™ is a U.S. Customs import Bill of Lading database utilized to fnd information about competitors, suppliers, pros- pects, and the products that they use, market, or trans- port. TradeView™ provides U.S. Census data to visualize the U.S. import and export market. ComplianceMoni- tor™ is a comprehensive tool that proactively alerts users of essential U.S. import trade compliance information. For more information visit www.zepol.com. T he value of the shrimp trade in the United States has grown ex- ponentially in the past few years. From 2012 to 2013, values of shrimp imports increased 19 percent and export values were up 17 percent. Te cost of shrimp has clearly skyrock- eted, as total import volumes for 2013 de- creased almost 5 per- cent to 1.12 billion pounds, according to the National Oceanic and Atmospheric Ad- ministration's Fisher- ies Service. Frozen shrimp ship- ments are most heavily imported starting in the summer through the end of the year (from August through December), peaking in October in advance of holiday demand. In 2013, frozen shrimp imports in- creased by 19 percent and accounted for $4.15 billion of the $4.17 billion total. Most frozen shrimp comes from India, which increased its shrimp exports to the United States by 81 percent in 2013. More than 70 per- cent of frozen shrimp imports arrive at the ports of New York or Los Angeles with more than $1 bil- lion worth shipped through each port last year. 4% Savannah, Ga. 6% Nogales, Ariz. 8% Miami 8% 6% 4% 31% Los Angeles 40% New York New York, Los Angeles top ports of entry Top ports of entry for frozen shrimp 0% 5% 10% 15% 20% 25% All Others China Honduras Malaysia Peru Mexico Thailand Vietnam Ecuador Indonesia India 23% 19% Asia, South America lead shrimp sources Top frozen shrimp exporters to the U.S. market in 2013 $0 $1 $2 $3 $4 $5 2013 2012 Peeled Frozen $4.1 $2.1 Frozen shrimp outpace peeled 2:1 Imports of frozen, peeled shrimp in billions of dollars Peeled shrimp im- ports have increased over the past few years. From 2012 to 2013 peeled imports increased by 17 per- cent, making it a $2 billion industry. Like frozen shrimp, peeled shrimp imports also peaked in October to reach a value of $253 million. Most peeled product comes from India, In- donesia and Vietnam, all of which have added almost $100 million in exports to the United States since 2012. Te port of New York re- ceived almost half of the peeled shrimp im- ports in 2013 while the port of Los An- geles took in another 28 percent. 26_TradeTracker.indd 26 2/19/14 12:58 PM

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