With a total export volume of 52,476 tonnes, shrimp exports from Indonesia in the third-quarter 2024 increased 2% year-over-year, finds the latest analysis from Shrimp Insights.
This is the first quarterly year-over-year increase since the second-quarter 2022. It’s also an increase of 17% compared to Q2 2024, which is exceptionally high compared to previous years. The year-over-year export increase was mainly achieved in August, when exports increased 11% year-over-year. Exports were flat and 3% behind year-on-year in July and August.
The 2024 year-total now stands at 145,808 tonnes, 6% behind 2023.
In Q3, the slight year-over-year increase was realised through a 7% increase in raw vannamei shrimp exports. Exports of value-added and raw marine shrimp dropped by 1% each, and exports of raw monodon increased by 1%.
For the year, raw vannamei exports are 10% behind, exports of value-added shrimp are just 3% behind, exports of marine shrimp are flat, and exports of raw monodon shrimp are down by 4%
Exports to the US increased by 5% in Q3. In Asia, exports to Japan were flat, and exports to China halved. Shrimp Insights noted that surprisingly, exports to the EU increased significantly, by 80% year-over-year.
Though with just 2,229 tonnes still small, the EU grew to Indonesia’s third largest market, it said.
Within the EU, the Netherlands imports most of the shrimp from Indonesia, but imports in Belgium, Germany and France also increased.
With 42% year-total growth, the EU is Indonesia’s only major market to have realised year-over-year growth.
