Graph and download economic data for Global price of Shrimp (PSHRIUSDM) from Jan 1990 to Jun 2025 about seafood, World, and price.

Singapore Retail Prices: Medium Prawns (Per Kilogram) data was reported at 16.730 SGD/kg in Dec 2024. This records an increase from the previous number of 16.430 SGD/kg for Nov 2024. Singapore Retail Prices: Medium Prawns (Per Kilogram) data is updated monthly, averaging 18.135 SGD/kg from Jan 2010 (Median) to Dec 2024, with 180 observations. The data reached an all-time high of 24.290 SGD/kg in Jan 2020 and a record low of 15.220 SGD/kg in Dec 2023. Singapore Retail Prices: Medium Prawns (Per Kilogram) data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.P002: Average Retail Prices: 2019=100.

This year, the average annual shrimp price is forecast to soar by 7% y-o-y to $15 per kg. High freight rates, the rising cost of marine fuels and boosting global demand for crustaceans remain the key reasons for the price increases. In 2021, the average annual shrimp price ($12.7 per kg) was approximately 10% higher than those of 2020.

In 2023, the average farm gate price of frozen Vannamei shrimp in Thailand amounted to around ****** Thai baht per kilogram. Vannamei shrimp, also known as white legged shrimp, are easily raised. The majority of Thailand's shrimp production consists of this species.

Russia Avg Consumer Price: Fish Products: Frozen Shrimp data was reported at 671.550 RUB/kg in Jan 2019. This records a decrease from the previous number of 671.910 RUB/kg for Dec 2018. Russia Avg Consumer Price: Fish Products: Frozen Shrimp data is updated monthly, averaging 667.030 RUB/kg from Jan 2018 (Median) to Jan 2019, with 13 observations. The data reached an all-time high of 671.910 RUB/kg in Dec 2018 and a record low of 661.630 RUB/kg in Jan 2018. Russia Avg Consumer Price: Fish Products: Frozen Shrimp data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PA002: Average Consumer Price: Food.

In 2023, the average price of banana shrimp in Thailand's southern province of Narathiwat was ****** Thai baht per kilogram. In comparison, the average price for banana shrimp in Samut Sakhon amounted to ****** Thai baht per kilogram in that same year.

ABSTRACT The objective of this study was to evaluate the zootechnical and economic viability of shrimp farming with three different management strategies and different densities, 92, 14 and 8 shrimp.m-2 for treatments M1, M2 and M3, respectively, with a maximum cultivation time of 79 days. Survival was reduced in all treatments, probably influenced by the disease of the White Spot and the high salinity of the water of the nurseries, causing reduction in the production and raising the Apparent Food Conversion Factor-FCAA in M1 and M2. The Profitability and Profitability Indices were significantly lower in the M1 treatment when compared to M2 and M3. The cultivation with high initial population (M1) caused economic and zootechnical losses due to high FCAAs, reduced individual biomass and high total operational costs-TOC, making this treatment unfeasible. The internal rates of return for M2 and M3 were attractive, generating profit and a positive balance for the net present value. Monoculture of shrimp with small populations and submitted to Mancha Branca (M2 and M3), managed to guarantee the return of invested capital. This return only occurred due to the high prices practiced in 2016, otherwise, lower prices per kilo of shrimp would make the activity economically unfeasible.

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Shrimp Market Size 2024-2028

The shrimp market size is forecast to increase by USD 7.39 billion, at a CAGR of 4.36% between 2023 and 2028.

Major Market Trends & Insights

APAC dominated the market and accounted for a 37% growth during the forecast period.
By the Product - Frozen shrimp segment was valued at USD 19.18 billion in 2022
By the Distribution Channel - Supermarket and hypermarket segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 38.58 million
Market Future Opportunities: USD 7385.20 million
CAGR : 4.36%
APAC: Largest market in 2022

Market Summary

The market exhibits significant growth and diversity, with global production reaching approximately 4.5 million metric tons in 2020, representing a notable increase from the previous year. This expansion can be attributed to the rising demand for sustainable and nutritious seafood sources, particularly in the Asia Pacific region, which accounts for over 80% of global shrimp production. Furthermore, mergers and acquisitions (M&A) activities have intensified, with key players seeking to expand their market share and enhance their product offerings.
Despite these positive trends, challenges persist, including the impact of adverse climatic conditions and contamination incidents, which can significantly affect production and market prices. As the market continues to evolve, stakeholders must navigate these challenges and capitalize on opportunities for growth.

What will be the Size of the Shrimp Market during the forecast period?

Explore market size, adoption trends, and growth potential for shrimp market Request Free Sample

The market is a dynamic and complex industry, characterized by ongoing advancements in production techniques and quality enhancement. Product quality remains a top priority, with an increasing focus on improving antioxidant activity to ensure superior consumer experience. In 2020, the average antioxidant activity level in shrimp was measured at 1.2 mmol TE/100g, up from 1.0 mmol TE/100g in 2015. Water exchange rates, genetic selection, and biofloc technology are essential components of modern shrimp farming. Genetic selection and breeding programs have led to significant improvements in adult shrimp health and larval development. Biofloc technology, which involves growing shrimp in suspended microalgae and other organisms, has been instrumental in reducing the reliance on traditional feeds and improving the overall sustainability of shrimp farming.
Harvesting techniques, enzyme supplementation, and mineral content are other key factors influencing market trends. In 2021, the average harvesting yield was reported at 5 kg/m², up from 4 kg/m² in 2016. Enhanced mineral content in feed formulations, particularly those rich in zinc and selenium, has contributed to reduced mortality rates and improved meat yield. Probiotic strains and prebiotic compounds have gained popularity in recent years for their role in gut microbiota development and immune modulation, ensuring optimal nutritional requirements for shrimp.

How is this Shrimp Industry segmented?

The shrimp industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Frozen shrimp
  Canned shrimp
  Others


Distribution Channel

  Supermarket and hypermarket
  Convenience store
  Others


Species

  Vannamei Shrimp
  Black Tiger Shrimp
  Pink Shrimp
  Other Shrimp Species


End-use

  Foodservice (Restaurants, Hotels, Catering)
  Retail (Supermarkets/Hypermarkets, Convenience Stores, Online)
  Industrial (Further Processing)


Aquafeed Type

  Pellets
  Flakes
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Product Insights

The frozen shrimp segment is estimated to witness significant growth during the forecast period.

The market is witnessing significant growth due to the increasing consumer preference for frozen shrimp over fresh, driven by its extended shelf life. In 2022, frozen shrimp accounted for approximately 53.18% of the total seafood exports by value from India, making it a major export commodity. The US is the primary destination for frozen shrimp imports from India. To ensure product quality, shrimp are frozen just hours after harvesting, with live shrimp transported in aerated tanks to production facilities near farms. Water quality parameters, such as dissolved oxygen, pH balance, and ammonia levels, play a crucial role in shrimp larval rearing and po

This statistic displays the average price of the shrimp catch in Belgium from 2007 to 2017 (in euros per kilogram). It shows that in 2017, the average price of the catch of shrimp was roughly ***** euros per kilogram.

Thailand Wholesale Price: Shrimp: Giant Fresh Water Prawn: 15 to 16 Pcs/Kg data was reported at 500.000 THB/kg in Nov 2018. This stayed constant from the previous number of 500.000 THB/kg for Oct 2018. Thailand Wholesale Price: Shrimp: Giant Fresh Water Prawn: 15 to 16 Pcs/Kg data is updated monthly, averaging 211.665 THB/kg from Mar 2002 (Median) to Nov 2018, with 200 observations. The data reached an all-time high of 500.000 THB/kg in Nov 2018 and a record low of 115.250 THB/kg in Jun 2002. Thailand Wholesale Price: Shrimp: Giant Fresh Water Prawn: 15 to 16 Pcs/Kg data remains active status in CEIC and is reported by Department of Internal Trade. The data is categorized under Global Database’s Thailand – Table TH.P002: Average Wholesale Price of Agricultural Products in Bangkok Metropolis.

Singapore Retail Prices: Small Prawns (Per Kilogram) data was reported at 12.630 SGD/kg in Dec 2024. This records an increase from the previous number of 12.040 SGD/kg for Nov 2024. Singapore Retail Prices: Small Prawns (Per Kilogram) data is updated monthly, averaging 13.335 SGD/kg from Jan 2010 (Median) to Dec 2024, with 180 observations. The data reached an all-time high of 17.590 SGD/kg in Jan 2020 and a record low of 9.770 SGD/kg in Mar 2010. Singapore Retail Prices: Small Prawns (Per Kilogram) data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.P002: Average Retail Prices: 2019=100.

In 2021, shrimps and prawns were the type of seafood with the highest retail price, averaging **** euros per kilo. Cockles were also included amongst the most expensive seafood in Spain. The mussel consumed in Spain, on the other hand, was cheaper to buy as it had an average price of approximately *** euros per kilo.

According to the source, in 2023, shrimps were the most expensive type of fish at the landings, with a price of about **** euros per kilogram, while squid cost an average of **** euros per kilogram. Finally, the cheapest fish were sardines, with a sale price of just over *** euro per kilogram.

This statistic displays the first-hand prices of prawns in Norway from 2010 to 2016. In 2016, the first-hand price of prawns amounted to ***** Norwegian kroner per kilogram.

Philippines Farmgate Price: Fishery: Tiger Prawn data was reported at 480.000 PHP/kg in Sep 2018. This records a decrease from the previous number of 498.170 PHP/kg for Jun 2018. Philippines Farmgate Price: Fishery: Tiger Prawn data is updated quarterly, averaging 403.070 PHP/kg from Mar 2000 (Median) to Sep 2018, with 35 observations. The data reached an all-time high of 498.550 PHP/kg in Mar 2018 and a record low of 285.170 PHP/kg in Jun 2000. Philippines Farmgate Price: Fishery: Tiger Prawn data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.P003: Farmgate Price: Selected Agricultural Commodities.

Fish is an essential element of the Spanish cuisine, which uses diverse sea products to add that Mediterranean flavor that many people around the world praise and love. Within this range of diversity, sole ranked as the most expensive fish Spaniards could purchase in 2021, with an average price per kilogram of ***** euros. In contrast, sardines was the cheapest fish available in Spain.

Spain: the largest European fish consumer  

Spaniards are big fans of fresh fish, and this can be proved by just taking a look at the latest figures, which position Spain as the largest consumer of fish in the European Union, at over *** thousand metric tons in 2016, nearly doubling the numbers of Italy, which ranked second at *** thousand metric tons. The average Spanish consumed more than *** kilograms of fresh fish in 2017, which is a significant larger number amount than that of frozen fish, which stood at approximately *** kilograms per person the same year.

Seafood: another one of Spain’s favourites  

Seafood is also widely used in the Spanish cuisine, present in some of their best-known dishes such as paella. The most expensive crustaceans that Spaniards could purchase were prawns and shrimp, which cost on average ** euros per kilogram in 2019. Mussels were much cheaper in contrast, at only **** euros per kilogram that same year.

Singapore Retail Prices: Seafood: Small Prawns data was reported at 14.670 SGD/kg in Oct 2018. This records a decrease from the previous number of 14.810 SGD/kg for Sep 2018. Singapore Retail Prices: Seafood: Small Prawns data is updated monthly, averaging 11.860 SGD/kg from Jan 1993 (Median) to Oct 2018, with 310 observations. The data reached an all-time high of 15.250 SGD/kg in Feb 2018 and a record low of 9.520 SGD/kg in Dec 2009. Singapore Retail Prices: Seafood: Small Prawns data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.P001: Average Retail Prices.

In June 2021, the price of a kilogram of fresh sardine in the city of Algiers in Algeria stood at around *** Algerian dinars (roughly **** U.S. dollars). Red shrimp cost approximately ***** Algerian dinars (** U.S. dollars) per kilogram, while red mullet had an average price of ***** Algerian dinars (**** U.S. dollars) per kilogram.

The effect of dietary retinoic acid (RA) on the growth, lipid deposition, oxidation resistance, immunity, hepatopancreatic and intestinal health of Macrobrachium rosenbergii was evaluated. A total of 1200 prawns (0.22 ± 0.00 g) were divided into six groups and fed their corresponding feed containing 4, 132, 296, 562, 1206 or 2562 mg/kg dietary RA. The weight gain rate, specific growth rate and final body weight of the prawns changed linearly and quadratically, with the maximum observed in those fed 296 mg/kg dietary RA. Increasing dietary RA linearly and quadratically raised the RA content in the whole body. Compared to the prawns fed 4 mg/kg dietary RA, there was significantly lower lipid deposition in the muscle, hepatopancreas and whole body of prawns fed 296 mg/kg dietary RA. Prawns fed 296 mg/kg dietary RA had lower triglyceride (TG) content in the hepatopancreas with upregulated gene expression of retinoid X receptor (RXR), diacylglycerol acyltransferase 1 (dgat1) and carnitine palmitoyltransferase 1 (cpt1). Additionally, 296 mg/kg dietary RA increased the protein expression of RXR, CAMKKβ and phospho-AMPK. A dietary RA level of 296 mg/kg could decrease oxidative stress by upregulating the expression of peroxiredoxin 5 (prx5) and improve immunity by upregulating expression of toll-like receptor 2 (toll2), myeloid differentiation factor 88 (myd88) and dosal in the hepatopancreas. The intestinal health related genes (crustin 2/3/4, anti-lipopolysaccharide factor 1/7, prx5, peritrophin-1, myosin light chain kinase, claudin, myd88 and dosal) and morphological structure were also positively affected by dietary RA. Furthermore, dietary RA could relieve the immune responses induced by lipopolysaccharide, thus leading to lower transcription of antimicrobial peptides. In summary, dietary RA could improve the growth, lipid utilisation, antioxidant capacity and immunity of M. rosenbergii. To avoid the negative effects of excessive addition and obtain optimal growth, a diet containing 296 mg/kg dietary RA was suggested by the present study.

This statistic displays the monthly export price of prawns from Norway from 2015 to 2018. In November 2018, the export price of prawns amounted to roughly ** Norwegian kroner per kilogram.