Ecuador Shrimp Market- Trend Analysis & Forecasts
Description
Ecuador Shrimp Market Overview:
Ecuador is among the world’s top shrimp producers, with an estimated production volume of ** thousand tonnes in 2024, contributing nearly US$ ** billion in export revenues. Shrimp farming is concentrated in coastal provinces like Guayas and El Oro. Ecuador’s shrimp industry supports over 70,000 direct jobs and is a vital foreign exchange earner. The United States remains the dominant export market, absorbing over **% of shipments, with Europe and Asia as significant secondary markets.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the Ecuador shrimp market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
Global shrimp consumption is rising at an annual rate of **%, driven by increasing protein demand and shifts toward seafood in consumer diets. Ecuador’s competitive advantage lies in efficient farming techniques, including biofloc technology and integrated water quality management, which have improved yields by 8-10% over the past five years. The country’s robust hatchery system supports sustainable production. Trade agreements such as the U.S.-Ecuador Trade Promotion Agreement facilitate market access. Additionally, strong investments in cold chain logistics reduce spoilage rates, enhancing product quality.
Market Restraints & Challenges
The industry faces challenges including disease outbreaks like Early Mortality Syndrome (EMS), which can reduce production by up to 40% during epidemics. Environmental concerns about shrimp farming’s impact on mangroves and water quality have led to increased regulation and higher compliance costs. Feed price inflation, with fishmeal and soy prices rising by 15-20% in recent years, pressures margins. Competition from major shrimp exporters such as India, Indonesia, and Vietnam intensifies. Additionally, global tariff fluctuations and sanitary standards impose ongoing operational risks.
Market Segmentation
Shrimp products are segmented by size and form, with medium (26-30 count/kg) and large-sized (16-20 count/kg) shrimp dominating exports, making up about **% of volume. The market is divided between raw frozen shrimp (**%) and processed products such as cooked and peeled shrimp (**%). The U.S. is the largest export destination (over **%), followed by the EU (**%) and Asia (**%). Distribution channels include direct exports to importers and foodservice companies (**%) and wholesale markets (**%).
Competitive Landscape
Leading players include large vertically integrated companies such as Pesquera San José, Acuinova, and Promarisco, focusing on sustainable farming and product traceability. Firms invest in hatchery technologies and disease management practices. Certification programs like Aquaculture Stewardship Council (ASC) and GlobalGAP help access premium markets. Competitive dynamics revolve around cost efficiency, quality assurance, and sustainability credentials. Local producers also face competition from international shrimp suppliers leveraging lower production costs.
Outlook
Ecuador’s shrimp market is forecast to grow at a CAGR of **% through 2030, supported by rising global seafood demand and ongoing technological improvements. Expansion into Asian markets, particularly China and Japan, will be crucial. Efforts to enhance sustainability and disease resistance will mitigate risks and improve market acceptance. Value-added processing and product diversification will add revenue streams. Continued public-private collaboration on environmental management will underpin sustainable growth.
Scope of the Report:
• Historical Years: 2015-2022
• Base Year: 2023
• Forecast Period: 2024-2030
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Report Coverage: Production, Consumption, Export, and Import
• Segments Covered:
By Type (Frozen Shrimp and Canned Shrimp)
By Sales (Domestic Sale and Exports)
• Companies Profiled: The market players include, Negocios Industriales Real S.A. (NIRSA), Omarsa S.A., Songa C.A., Expalsa S.A., Industrial Pesquera Santa Priscila S.A., Procesadora Nacional de Alimentos C.A. (Pronaca), Aquaexport S.A., Camarones de la Costa S.A., Exportadora Langosmar S.A., Crimasa S.A., Oceanos S.A., D’Mar Seafood S.A., and Others.
Please note: It will take 4-5 business days to deliver the report upon receipt the order.
Ecuador is among the world’s top shrimp producers, with an estimated production volume of ** thousand tonnes in 2024, contributing nearly US$ ** billion in export revenues. Shrimp farming is concentrated in coastal provinces like Guayas and El Oro. Ecuador’s shrimp industry supports over 70,000 direct jobs and is a vital foreign exchange earner. The United States remains the dominant export market, absorbing over **% of shipments, with Europe and Asia as significant secondary markets.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the Ecuador shrimp market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
Global shrimp consumption is rising at an annual rate of **%, driven by increasing protein demand and shifts toward seafood in consumer diets. Ecuador’s competitive advantage lies in efficient farming techniques, including biofloc technology and integrated water quality management, which have improved yields by 8-10% over the past five years. The country’s robust hatchery system supports sustainable production. Trade agreements such as the U.S.-Ecuador Trade Promotion Agreement facilitate market access. Additionally, strong investments in cold chain logistics reduce spoilage rates, enhancing product quality.
Market Restraints & Challenges
The industry faces challenges including disease outbreaks like Early Mortality Syndrome (EMS), which can reduce production by up to 40% during epidemics. Environmental concerns about shrimp farming’s impact on mangroves and water quality have led to increased regulation and higher compliance costs. Feed price inflation, with fishmeal and soy prices rising by 15-20% in recent years, pressures margins. Competition from major shrimp exporters such as India, Indonesia, and Vietnam intensifies. Additionally, global tariff fluctuations and sanitary standards impose ongoing operational risks.
Market Segmentation
Shrimp products are segmented by size and form, with medium (26-30 count/kg) and large-sized (16-20 count/kg) shrimp dominating exports, making up about **% of volume. The market is divided between raw frozen shrimp (**%) and processed products such as cooked and peeled shrimp (**%). The U.S. is the largest export destination (over **%), followed by the EU (**%) and Asia (**%). Distribution channels include direct exports to importers and foodservice companies (**%) and wholesale markets (**%).
Competitive Landscape
Leading players include large vertically integrated companies such as Pesquera San José, Acuinova, and Promarisco, focusing on sustainable farming and product traceability. Firms invest in hatchery technologies and disease management practices. Certification programs like Aquaculture Stewardship Council (ASC) and GlobalGAP help access premium markets. Competitive dynamics revolve around cost efficiency, quality assurance, and sustainability credentials. Local producers also face competition from international shrimp suppliers leveraging lower production costs.
Outlook
Ecuador’s shrimp market is forecast to grow at a CAGR of **% through 2030, supported by rising global seafood demand and ongoing technological improvements. Expansion into Asian markets, particularly China and Japan, will be crucial. Efforts to enhance sustainability and disease resistance will mitigate risks and improve market acceptance. Value-added processing and product diversification will add revenue streams. Continued public-private collaboration on environmental management will underpin sustainable growth.
Scope of the Report:
• Historical Years: 2015-2022
• Base Year: 2023
• Forecast Period: 2024-2030
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Report Coverage: Production, Consumption, Export, and Import
• Segments Covered:
By Type (Frozen Shrimp and Canned Shrimp)
By Sales (Domestic Sale and Exports)
• Companies Profiled: The market players include, Negocios Industriales Real S.A. (NIRSA), Omarsa S.A., Songa C.A., Expalsa S.A., Industrial Pesquera Santa Priscila S.A., Procesadora Nacional de Alimentos C.A. (Pronaca), Aquaexport S.A., Camarones de la Costa S.A., Exportadora Langosmar S.A., Crimasa S.A., Oceanos S.A., D’Mar Seafood S.A., and Others.
Please note: It will take 4-5 business days to deliver the report upon receipt the order.
Table of Contents
137 Pages
- 1. Executive Summary
- 2. Introduction
- 2.1. Objectives & Scope of the Study
- 2.2. Definitions & Economic Importance
- 2.3. Research Methodology
- 2.4. Factors and Decision Matrix Analysis
- 2.5. Limitations & Challenges
- 3. Product/ Market Overview
- 3.1. Evolution/ Origin & Geographic/Agronomic Suitability
- 3.2. Country Fishery & Aquaculture Industry Overview
- 3.3. Shrimp Production
- 3.4. Processing & Grading
- 3.5. Shrimp Packaging Innovations
- 3.6. Regulatory Analysis
- 4. Ecuador: Country Profile
- 5. Ecuador Shrimp Market Growth Factors Analysis
- 5.1. Drivers and Restraints Analysis
- 5.2. Challenges and Opportunities Analysis
- 5.3. Ecuador Shrimp Industry SWOT Analysis
- 5.4. Ecuador Shrimp Market PESTEL Analysis
- 5.5. Ecuador Shrimp Market Porter's Five Forces analysis
- 6. Ecuador Shrimp Market: Supply Analysis
- 6.1. Ecuador Shrimp Production Trend
- 6.2. Ecuador Shrimp Production, by Species
- 6.3. Ecuador Shrimp Processing Trend
- 7. Ecuador Shrimp Market: Demand Analysis
- 7.1. Domestic Consumption
- 7.2. Processing
- 7.3. Export Demand
- 7.4. Shrimp Supply Chain Analysis
- 7.5. Shrimp Product Variants
- 8. Ecuador Shrimp Market: Segmentation Analysis
- 8.1. Ecuador Shrimp Market, by Species
- 8.2. Ecuador Shrimp Market, by Form
- 8.2.1. Frozen
- 8.2.2. Canned
- 8.3. Ecuador Shrimp Market, by Sales
- 8.3.1. Domestic Consumption
- 8.3.2. Exports
- 9. Ecuador Shrimp Market: Trade (Export & Import) Analysis
- 9.1. Shrimp Export Trend Analysis
- 9.2. Top 10 Export Destinations of Ecuador Shrimp
- 10. Ecuador Shrimp Market: Price Trend Analysis
- 10.1. Domestic Price Trend
- 10.2. Export Price Trend
- 10.3. Price Seasonality & Price Pattern Analysis
- 10.4. Price Events Analysis
- 11. Competitive Analysis
- 11.1. Ecuador Shrimp Market Mapping
- 11.1.1. List of Key Countries Importing Shrimp from Ecuador
- 11.1.2. List of Key Companies Exporting Shrimp from Ecuador
- 11.2. Company Profiles
- 11.2.1. Negocios Industriales Real S.A. (NIRSA)
- 11.2.2. Omarsa S.A.
- 11.2.3. Songa C.A.
- 11.2.4. Expalsa S.A.
- 11.2.5. Industrial Pesquera Santa Priscila S.A.
- 11.2.6. Procesadora Nacional de Alimentos C.A. (Pronaca)
- 11.2.7. Aquaexport S.A.
- 11.2.8. Camarones de la Costa S.A.
- 11.2.9. Exportadora Langosmar S.A.
- 11.2.10. Crimasa S.A.
- 11.2.11. Oceanos S.A.
- 11.2.12. D’Mar Seafood S.A.
- 12. Conclusion
- 13. Appendix
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