China shrimp market will be on fire by the end of the year! Prices and demand have changed greatly

With the end of 2024, China shrimp market enters the peak season at the end of the year, the price and demand changes attract attention, and the market presents a multi-dimensional development trend. 

In the near future, positive signals have been released at the policy level. The central government emphasizes expanding domestic consumption strategy, stabilizing the real estate and stock markets and pushing the economy towards moderate inflation, which creates a favorable macro environment for consumption growth in shrimp market. 

In terms of shrimp farming, the supply is relatively sufficient, Guangdong and Jiangsu farmers wait for prices to rise and are reluctant to sell.  The price trend is obviously differentiated. The price of 60 shrimp in Guangxi in the south dropped sharply by 8 yuan to 34 yuan per kilogram last week, Fujian dropped from 41 yuan to 36 yuan, but Guangdong maintained a high of 42 yuan; the price in Shandong in the north rose by 2 yuan to 38 yuan/kg, and Jiangsu maintained 33 yuan.  This difference reflects the comprehensive influence of factors such as supply and demand structure and breeding cost in different regions. 

The mainstream specification price of imported frozen shrimp market has dropped in the past two weeks, and the price of Ecuador's 12 kg 30/40 specification products in Tianjin Port has dropped to 535 yuan per box.  Imports rose 5.3% month-on-month, although they fell 11% year-on-year in October.  At present, although facing the increase of import cost and inventory pressure, the demand for retail packaged shrimp of 20/30 and 30/40 specifications increases rapidly through e-commerce channels, and the purchase heats up. Importers expect prices to rise by the end of December, and most of them are flexibly adjusting inventory strategies to cope with it. 

Good news came from the processors, short-term orders increased in Guangdong processing plants, especially orders for shrimp balls, shrimp slides and other hot pot ingredients outstanding performance.  Sales have improved in the fourth quarter, and consumption during the Spring Festival has increased significantly. Influenced by low deposit interest rates and real estate stabilization, people's willingness to consume has increased.  The strong growth of e-commerce sales effectively relieves inventory pressure. Different from the same period last year due to high inventory suppression market, frozen shrimp prices are expected to rise significantly in the short term after December 20 this year. 

On the whole, China shrimp market at the end of the peak season by policy promotion, consumption willingness and e-commerce boost, the prospect is optimistic.  However, uncertainties such as changes in global aquaculture production and changes in import policies remain clouded.  Practitioners need to pay close attention to the market wind direction and adjust their business strategies in time so that they can ride the waves in the peak season, reap good results and deal with potential risks.