The slump in US shrimp imports shows no sign of ending and inventories continue to pile up amid tepid consumer demand.
During the first five months of the year, total US shrimp imports shrimp were down 20 percent compared with the same period of 2022 at just under 300,000 metric tons, according to trade data from the National Oceanic and Atmospheric Administration (NOAA).
In May, imports slipped 17 percent to 62,263 metric tons.
Much of the inventory backlog can be attributed to the ramping up of production and exports from Ecuador over the last several years, combined with diminished consumption, Donelson Berger, vice president of Florida-based Sea Lion International, told IntraFish.
