China's Shrimp Imports From Argentina: Research Report With 2023 Stats

30 October 2023

China’s shrimp market is considered one of the highest in the world, with about 38% of global seafood consumption projected for China by 2030. The imports of shrimp in China accounted for a 24.6% share of global shrimp imports in 2022, showing an increase of 7% approximately. China’s shrimp market has developed and is identified as a major opportunistic region for the countries participating in the global shrimp market. This year peaked the Chinese imports of shrimp and are projected to increase even further in the coming years. Argentina is one such country that has registered some positive growth trends for fulfilling China’s shrimp demand.

Overview of China’s Shrimp Imports From Argentina

For subheading 030617, China’s imports of shrimp from Argentina amounted to a total value of $578.90 million for a period of two years and eight months, from January 2022 to August 2023. The total quantity of shrimp imported in China from Argentina for the same period was 94 million KG.

In 2022, the value of shrimp imported into China from Argentina was $296.55 million, as per the values retrieved from our online trade platform. The imports of shrimp in China coming in through Argentinian ships, from January to August in 2023 amounted to a value of $282.34 million.

Monthly Imports of Shrimp By China From Argentina

The representation of China’s shrimp imports from Argentina is presented in the table below, with monthly values fetched from the online database. The monthly values cover the entire period of the year 2022. As observed in the data below, the imports of shrimp in China from Argentina have been recorded as the highest in August, with a total value of $51.5 million.

The imports of shrimp from Argentina in China for 2022, registered monthly values as follows: January ($18.8 million), followed by February ($3.8 million), March ($9.4 million), April ($3 million), May ($5.1 million), June ($14.8 million), July ($32 million), August ($51.5 million), September ($40.1 million), October ($48.5 million), November ($23.7 million), and December ($45.3 million).

The representation of shrimp imports in China coming from Argentina is presented in the table for the year 2023. The data features the monthly values of shrimp imports by China from Argentina, as per the available data. So far, the highest value of shrimp imports in China coming in from Argentina’s shipments has accounted for a total value of $61 million in March 2023.

The imports of shrimp in China from Argentina for 2023 registered monthly values in the following manner—January ($35 million), February ($56.6 million), March ($61 million), April ($23 million), May ($24.8 million), June ($24.7 million), July ($37.7 million), and August ($19.3 million).

Shrimp Imports By China From Argentina – Quarterly

The imports of shrimp in China from Argentina are shown in the table below, tracing the quarterly trends for 2022. The quarterly values of Chinese imports of shrimps coming through Argentinian shipments have been registered as follows: $32.1 million in Q1-2022, followed by $23 million in Q2-2022, $123.7 million in Q3-2022, and $117.5 million in Q4-2022.

The imports of shrimp in China from Argentina have been represented in the data below, featuring the quantity of imports accounted for in each quarter, following the first quarter of 2022 to the third quarter of 2023. The unit value for the measurement of the shrimp imports in China from Argentina is in kilograms, and values are coming in the range of million.

The quantity of shrimp imports in China from Argentina accounted for the amount in each quarter in the following manner—4.4 million KG in Q1-2022, followed by 3.1 million KG in Q2-2022, 18.6 million KG in Q3-2022, 19.8 million KG in Q4-2022, 26.7 million KG in Q1-2023, $11.2 million KG in Q2-2023, and $9.9 million KG in Q3-2023.

China’s Shrimp Imports From Argentina – Forecast

The imports of shrimp by China coming through the Argentinian shipments for the current year, as per the availability of trade data, along with the projections on the forecasted values have been represented below. The current period follows the first quarter to the third quarter of 2023, and the forecasted period follows the fourth quarter of 2023 to the third quarter of 2024.

The quarterly value of shrimp imports in China from Argentina amounted to $152.7 million in Q1-2023, followed by $72.5 million in Q2-2023, and $57 million in Q3-2023 for existing trade. The forecasted values show both the maximum and minimum ranges for the import values. Look at the graphical representation and table below to get a clear picture of the market growth.

As can be observed from the representation of projections for the forecasted import values for the shrimps coming into China from Argentina, the imports might register a decline in the fourth quarter, followed by an increase in the first quarter of 2024. There has been a minor decline in the projection for imports in the second quarter of 2024, but a significant increase follows it.

In 2022, China stood at the second ranking for the imports of shrimps, following the United States of America as the largest importing country of shrimps. However, the market trends have changed and China stands at the top of the position among the top importing countries of shrimps for the ongoing year. The opportunities for foreign suppliers in China are wide so far.