Total U.S. imports until July have exceeded last year’s imports over the same period by 0.77 percent. While imports were slow early in the year, they have been back on track since March. As stocks seem to be back to healthier levels and demand is rising because importers are preparing for the holiday season, we expect the U.S. to continue to exceed its shrimp import volume of 2018.
With imports high and demands stable, some wonder whether the U.S. could be at risk of a price slump similar to the one in 2018. Whether this happens will largely depend on holiday purchases, which will be made later in the year.
