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Despite setbacks caused by the COVID-19 pandemic and increasing competition from Ecuador, Asia’s top shrimp exporting nations should expect continued growth, according to a top shrimp market analyst.
Willem van der Pijl, who founded the Seafood Trade Intelligence Portal (STIP) in 2013, formed Shrimp Insights, a consultancy aimed at the shrimp sector, in June 2020. He recently published a series of blogs on his site looking deeper into the shrimp industry in India, Indonesia, and Vietnam.
India, the world’s top shrimp exporter, had a difficult year in 2020, with production and export performance severely hit by the COVID-19 pandemic. The South Asia nation is estimated to have produced between 650,000 and 700,000 metric tons (MT) of shrimp last year, down from 780,000 to 800,000 MT in 2019.