Farmed Shrimp Production Data & Analysis

Home , Acetes

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Shrimp Production Review

• Professor James L. Anderson, Director, Institute for Sustainable Food Systems - University of Florida

• Dr. Diego Valderrama, University of los Andes, Colombia

• Dr. Darryl Jory, Editor Emeritus, Global Aquaculture Alliance 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Other Middle East / N Africa Shrimp Aquaculture Production by World Region: 2000-2015 (FAO Data) India 2006 - 2012 CAGR: 4.8% Americas China 5000K +4.2% Southeast Asia +8.8%

4500K Source: FAO (2017). +3.2% Southeast Asia includes Thailand, Vietnam, Indonesia, 4000K Bangladesh, Malaysia, Philippines, Myanmar and 3500K Taiwan.

M. rosenbergii is not included. 3000K

MT 2500K

2000K

1500K

1000K

500K

0K 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Other Middle East / N Africa Shrimp Aquaculture Production by World Region: 2000-2019 India Americas (FAO and GOAL Data) China 2016-2019 Projected CAGR: Southeast Asia 2006-2012 CAGR: 3.6% 4.8%

Sources: FAO (2017) for 5000K 2000-2009; GOAL (2011-2016) for 2010-2015; GOAL (2017) 4500K for 2016-2019. 23.3%

-7.2% Southeast Asia includes 4000K Thailand, Vietnam, Indonesia, Bangladesh, Malaysia, -10.4% 3500K Philippines, Myanmar and Taiwan. 3000K M. rosenbergii is not included.

MT 2500K

2000K

1500K

1000K

500K

0K 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Other Middle East / Northern Africa Shrimp Aquaculture Production by World Region: 2000-2019 (FAO and GOAL Americas India Data) China 5000K 6.0 Southeast Asia U.S. End-of-Year Composite Import Price 5.5 4500K

5.0 Sources: FAO (2017) for 2000-2009; GOAL 867,861 4000K

(2011-2016) for 2010-2015; GOAL (2017) for 809,617

2016-2019. 595,197 4.5 756,430

3500K 701,200 498,964 540,129 678,202

Southeast Asia includes Thailand, Vietnam, Indonesia, 576,920 4.0

Bangladesh, Malaysia, Philippines, Myanmar and 541,700 520,753 Taiwan. 3000K 494,959 477,091 3.5 M. rosenbergii is not included.

MT 2500K 3.0 1,358,264 USD/lb 1,473,811 1,344,859 1,644,835 1,541,242 1,568,235 2.5 1,350,622 2000K 1,333,778 1,352,762 1,268,074 1,444,648 1,265,636 1,306,804 1,113,550 2.0

1500K 891,873

814,259 1.5 1000K 687,628 1.0 1,910,092 1,782,923 1,772,186 1,572,894 1,574,077 1,524,970 1,537,435 1,524,638 1,524,715 1,483,935 1,431,866 1,419,978

500K 1,385,495 1,342,411

1,208,324 0.5 1,043,946 905,894 740,925 718,787 0K 666,989 0.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

FAO Data GOAL Data World Shrimp Aquaculture Production Comparing FAO and GOAL Data Sources: FAO (2017) and GOAL (2011-2017). 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 5000K M. rosenbergii is not FAO data do not reﬂect any major impact of included. diseases in 2013. 4500K

4000K

3500K

3000K

MT 2500K

2000K

1500K

1000K

500K

0K 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Estimate 10 Estimate 9 Production of L. vannamei in China Estimate 8 Estimate 7 Estimates Provided by GOAL Survey Respondents, 2010-2016 Estimate 6 2016 Estimate 5 Estimate 4 Estimate 3 Estimate 2 2015 Estimate 1 GOAL Average* FAO Estimate 2014

Sources: FAO (2017); GOAL (2011-2017). 2013 *Unweighted average of GOAL estimates

2012

2011

2010

0K 100K 200K 300K 400K 500K 600K 700K 800K 900K 1000K 1100K 1200K 1300K 1400K 1500K 1600K 1700K MT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Southeast Asia China Shrimp Aquaculture by Major Producing Regions: 2012-2019 Americas India Southeast Asia China Americas India Middle East / N Africa Middle East / N Africa 2000K

Sources: GOAL (2013-2016) 1800K for 2012-2015; GOAL (2017) for 2016-2019. 1600K Southeast Asia includes Thailand, Vietnam, Indonesia, 1400K Bangladesh, Malaysia, Philippines, Myanmar and Taiwan. 1200K

M. rosenbergii is not included.

MT 1000K

800K

600K

400K

200K

0K 2012 2013 2014 2015 2016 2017 2018 2019 2012 2013 2014 2015 2016 2017 2018 2019 2012 2013 2014 2015 2016 2017 2018 2019 2012 2013 2014 2015 2016 2017 2018 2019 2012 2013 2014 2015 2016 2017 2018 2019 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Shrimp Aquaculture by Major Producing Regions: 2012-2015 vs 2015-2019

Southeast Asia China India Americas 20% 18.8%

18%

16% Sources: GOAL (2013-2016) for 14% 2012-2015; GOAL (2017) for 2016-2019. 12% 11.2% Southeast Asia includes Thailand, 10% Vietnam, Indonesia, 7.9% Bangladesh, Malaysia, 8% 7.7% Philippines, Myanmar 6.4% and Taiwan. 6% M. rosenbergii is not included. 4% Compound Annual Growth Rate

-2% -1.5% -2.3% -2.7% -4% 2012-2015 2015-2019 2012-2015 2015-2019 2012-2015 2015-2019 2012-2015 2015-2019 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Shrimp Aquaculture in Asia: 2012-2019 China Thailand Vietnam Indonesia India 1600K

1500K Impact of diseases: Production decreased 1400K substantially in China and Thailand in 2013, with only a 1300K partial recovery expected by 1200K 2019. 1100K Production has been ﬂuctuating in Vietnam and 1000K Indonesia, with positive growth expectations by 900K

2019. MT 800K

Production in India is clearly 700K trending upwards. 600K Sources: GOAL (2013-2016) for 2012-2015; GOAL (2017) 500K for 2016-2019. 400K M. rosenbergii is not included. 300K 200K

100K 0K 2012 2013 2014 2015 2016 2017 2018 2019 2012 2013 2014 2015 2016 2017 2018 2019 2012 2013 2014 2015 2016 2017 2018 2019 2012 2013 2014 2015 2016 2017 2018 2019 2012 2013 2014 2015 2016 2017 2018 2019 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Shrimp Aquaculture in Asia: 2012-2019 Bangladesh Malaysia Myanmar Philippines

90K

Bangladesh and 80K Myanmar respondents expect lower 70K production in 2019 relative to 2012.

Malaysia was strongly 60K aﬀected by EMS but the industry is expected to recover by 50K

2019. MT

Sources: GOAL 40K (2013-2016) for 2012-2015; GOAL (2017) for 2016-2019. 30K

M. rosenbergii is not included. 20K

10K

0K 2012 2013 2014 2015 2016 2017 2018 2019 2012 2013 2014 2015 2016 2017 2018 2019 2012 2013 2014 2015 2016 2017 2018 2019 2012 2013 2014 2015 2016 2017 2018 2019 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Shrimp Aquaculture in Latin America: 2012-2019 Ecuador Mexico Brazil 500K

Ecuador has 450K experienced strong growth in the last few 400K years.

Mexico has recovered 350K after being impacted by EMS in 2013. 300K Although production in Brazil has hovered around 75,000 tons, it

MT 250K is expected to reach 100,000 tons in 2019. 200K Sources: GOAL (2013-2016) for 2012-2015; GOAL 150K (2017) for 2016-2019.

M. rosenbergii is not 100K included.

50K

0K 2012 2013 2014 2015 2016 2017 2018 2019 2012 2013 2014 2015 2016 2017 2018 2019 2012 2013 2014 2015 2016 2017 2018 2019 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Shrimp Aquaculture in Latin America: 2012-2019 Honduras Nicaragua Guatemala Peru Venezuela

35K

Production in Honduras and 30K Nicaragua has ﬂuctuated in the most recent years. 25K Guatemala, Peru and Venezuela (despite its economic crisis) are 20K poised for further growth. MT

Sources: GOAL 15K (2013-2016) for 2012-2015; GOAL (2017) for 2016-2019. 10K M. rosenbergii is not included.

Shrimp Aquaculture in Latin America: 2012-2019 Panama Belize Costa Rica Colombia Cuba

14K

13K

12K

Among the minor 11K farming nations in Latin America, highest 10K expectations for growth were reported 9K for Panama. 8K Sources: GOAL MT (2013-2016) for 7K 2012-2015; GOAL (2017) for 2016-2019. 6K

M. rosenbergii is not 5K included. 4K

1K 0K 2012 2013 2014 2015 2016 2017 2018 2019 2012 2013 2014 2015 2016 2017 2018 2019 2012 2013 2014 2015 2016 2017 2018 2019 2012 2013 2014 2015 2016 2017 2018 2019 2012 2013 2014 2015 2016 2017 2018 2019 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Shrimp Aquaculture in Other Reporting Countries: 2012-2019 Saudi Arabia Egypt Madagascar New Caledonia

45K

40K

35K Saudi Arabia is expected to ramp up production of P. 30K vannamei.

Sources: GOAL 25K (2013-2016) for MT 2012-2015; GOAL (2017) for 2016-2019. 20K M. rosenbergii is not included. 15K

10K

Other M. rosenbergii World Shrimp Aquaculture (including M. rosenbergii) by Species: 1995-2019 P. monodon L. vannamei 5000K

Percentages indicate 4500K the share of L. vannamei. 4000K Sources: FAO (2017) for 1995-2009; GOAL 3500K (2011-2016) for 2010-2015; GOAL (2017) for 2016-2019. 3000K MT 2500K

2000K

1500K

1000K

500K

0K 15.7% 12.3% 58.6% 66.8% 65.1% 73.6% 71.3% 75.5% 76.1% 76.2% 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Other M. rosenbergii Shrimp Aquaculture (including M. rosenbergii) in Asia by Species: 1995-2019 P. monodon L. vannamei 4000K

Percentages indicate the share of L. 3500K vannamei.

Sources: FAO (2017) for 3000K 1995-2009; GOAL (2011-2016) for 2010-2015; GOAL (2017) for 2016-2019. 2500K MT 2000K

1500K

1000K

500K

0K 0.0% 0.2% 52.9% 62.6% 60.6% 70.3% 66.7% 70.8% 71.2% 71.2% 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Others Akiami paste shrimp (Acetes japonicus) World Landings of Wild-Caught Shrimp by Species Argentine red shrimp (Pleoticus muelleri) 3600K Banana prawn (Penaeus merguiensis) 3400K Fleshy prawn (Penaeus chinensis) Giant tiger prawn (Penaeus monodon) 3200K Northern brown shrimp (Penaeus aztecus) 3000K Northern prawn (Pandalus borealis) Northern white shrimp (Penaeus setiferus) 2800K Southern rough shrimp (Trachipenaeus curvirostris) 2600K Ocean shrimp (Pandalus jordani) 1,469,216 1,329,045 1,481,650 1,285,966 1,488,001 1,450,342 1,432,052 1,475,212 1,430,929

2400K 1,336,853 1,322,543 1,273,506 1,291,817

Source: FAO (2017). 1,173,091

2200K 1,137,803 1,203,997 1,191,390 2000K 1,144,468 1,264,093 1,246,671

MT 1800K 1,180,851 1,146,439

1600K 543,992 620,649 626,754 556,316 542,974 588,761 565,260 558,124 550,297 585,433 1,110,387 579,678 602,420 1,134,595 573,613 550,363 1400K 521,774 1,130,484 494,408 499,302 1,125,530 1,068,280 1,127,837 1,217,976 1200K 1,213,909 1,222,470 522,414 1,134,885 1,117,471 459,294

1000K 460,871 406,495 344,824 1,164,842 800K 1,091,960

600K 418,318 379,501 401,732 409,616 393,500 339,288 314,599 446,909 360,794 337,081 345,205 400K 371,661 371,705 345,118

200K 317,935 367,783 367,887 327,232 320,162 365,207 349,866 349,355 344,597 314,984 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Capture Fisheries Aquaculture World Production of Shrimp: Capture Fisheries & Aquaculture 8000K 7500K Aquaculture accounted for 54% of world shrimp 7000K supplies in 2015. 6500K Sources: FAO (2017) and GOAL (2011, 2016). 6000K

M. rosenbergii is not 5500K included. 5000K China includes freshwater production of L. vannamei. 4500K

MT 4000K

3500K

3000K

2500K

2000K

1500K

1000K

500K

0K 25.8% 27.9% 50.2% 52.8% 54.2% 51.4% 53.7% 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Others/NS P. chinensis World Production of Shrimp by Species: Capture Fisheries & Aquaculture Combined Pandalus borealis 8000K Acetes japonicus P. monodon 7500K Pleoticus muelleri 7000K Trachipenaeus curvirostris L. vannamei 6500K

6000K

L. vannamei is the most important 5500K species in the world, with virtually all production coming from 5000K aquaculture. 4500K Percentages indicate the share of L.

vannamei. MT 4000K

Sources: FAO (2017) and GOAL 3500K (2011, 2016). 3000K M. rosenbergii is not included. 2500K China includes freshwater production of L. vannamei. 2000K

1500K

1000K

500K

0K 3.8% 28.6% 42.0% 38.9% 42.9% 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Trends in Trade 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Other China US Shrimp Imports: Down 12% between 2011-13, up 31% between 2013-17 Ecuador India Indonesia 650K Vietnam 600K Mexico Peru 550K Thailand 73,778 64,728 99,432 54,713

Guyana 79,760 66,551 63,818

500K 85,849 56,810 73,221 103,166 Imports from Thailand declined 450K 85,702 68,364 93,508 116,967 sharply (by 68%) between 2010 92,430 73,791

and 2014, slightly recovering 400K 61,595 65,025 56,334 81,503 59,363 59,141 227,741 since then (from 65 to 75 74,728 93,001 153,956 81,100 thousand tons). 350K 66,145 MT 85,285 135,185 108,817 69,329 66,011 84,050

India and Indonesia have become 61,095 59,104

300K 70,334 58,758 90,984 82,660 the top exporters to the U.S. 69,429 63,421

market, accounting for 50% of 52,641

250K 65,172 imports in 2017. 74,077 117,114 114,416 103,331 109,791 81,147

200K 64,548 India's exports have increased at 57,384 a CAGR of 35% between 2008 63,738 150K and 2017. 63,638 59,827 60,455 57,545 73,708 Source: USDC/NMFS (2017) 100K 203,290 194,091 192,766 188,867 183,406 185,783 161,335 136,176 133,280 135,936

*Estimate 132,374 126,461

50K 115,294 114,535 92,287 84,048 82,190 75,500 73,463 73,410 0K 65,242 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017* 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Others Brown U.S. Landings of Wild-Caught Shrimp Pink White 180K Source: USDC/NMFS (2017) 160K 45,031 38,827 48,949 15,835 140K 39,104 43,250 54,380 24,308 39,796 36,580 41,327 45,678 26,704 22,901 46,677 28,151 22,000 28,264 20,417 59,362 53,303 55,563 55,365 40,182 35,754 120K 47,443 19,043 44,260 28,349 46,516 38,639 36,701 18,040 18,006 23,943 65,645 100K 30,582 76,053 MT 74,932 56,374 71,119 58,010 74,656 65,626 59,128 68,636 66,182

80K 58,222 62,165 69,005 80,325 49,927 54,511 69,419 58,866 44,854 56,887 73,402 63,169 52,457 49,874 39,086 55,466 52,895 56,279 60,156 51,555 50,615 50,634 36,042 53,996 60K 49,876

40K 14,212 66,639 57,102 56,901 55,768 54,506 53,701 51,869 50,295 50,068 47,782 47,358 46,939

20K 46,236 45,928 44,698 44,555 44,719 43,730 43,166 43,047 43,196 41,029 41,026 40,441 40,495 37,761 36,586 36,005 36,079 35,166 34,848 33,835 33,394 32,216 31,802 29,852 0K 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

31-40 <15/lb Trends in US Shrimp Import Prices - Real Prices >70/lb 13 Composite Peeled 12

Real prices increased 11 sharply in 2013 but returned to levels close 10 to the long-term average in 2014 and 9 2015, remaining stable over the last 2 years. 8 Source: USDC/NMFS (2017) 7

6 2015 USD/lb

0 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

31-40 <15/lb Trends in US Shrimp Import Prices - Nominal Prices >70/lb Composite Peeled 8

Nominal prices increased sharply in 2013 and then returned 7 to levels somewhat higher than the average prices observed in 6 2003-2009.

Source: USDC/NMFS 5 (2017) USD/lb 4

0 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49

Others Argentina European Shrimp Imports from Extra-EU Countries: Down 13% between 2010-17 Bangladesh 650K Canada China 600K Ecuador Greenland 550K India 123,691 178,835

Morocco 198,901 500K 133,942 220,138 202,986 113,523

Vietnam 204,609 134,486 158,811 240,342 450K 121,445 Although the European 78,385 243,864 65,546 market has been 400K 71,099 61,689 55,415 contracting over the last 10 58,934 68,631 54,487 270,453 years, Ecuador continues to 350K 258,332 increase its market share, MT from 3% in 2000 to 18% in 214,559

300K 210,524

2017. 53,447 197,367

250K 95,905

India has also increased 206,419 183,157 91,555 93,094 shipments. 98,710 90,044 181,976 77,968 69,284 75,119

200K 81,426 87,770 63,858

Source: Eurostat (2017) 55,920 52,627 49,692

150K 53,672 *Estimate 71,674 66,554 70,630 77,237 58,486 59,903 77,920 77,727 83,985

100K 81,694 78,735 71,954 80,424 70,037 74,692 69,809 56,167 56,241 62,504 64,089 58,321 58,959

50K 55,452 51,447

0K 52,492 52,848 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017* 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50

Others Tunisia Spanish Shrimp Imports: Down 16% between 2011-13, Argentina Belgium up 7% between 2013-17 China 220K Ecuador India 200K Nicaragua Peru 180K Portugal 54,896 77,353 34,277 60,154 160K 89,839 34,232 64,808 35,030 60,740

Source: Eurostat (2017) 37,333 37,803 40,195 *Estimate 140K 95,121 120K 52,870 49,171 55,983 28,539 MT 69,082 53,463 42,708 46,771 34,029 36,238 42,220 43,618

100K 24,663 67,235 95,720 100,530 78,539 80K 57,848 26,416 22,072 54,798 27,177 22,197 28,077 24,827 19,336

60K 24,744 50,301 22,072 37,304 26,416 19,336 18,731 22,197 27,177 24,827 40K 28,077 33,735 32,002 32,750 29,300 24,744 20,675 28,687 33,361 31,529 29,058 24,667 23,486 27,851 20,419 20K 21,514 19,490

0K 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017* 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51

Others Spain French Shrimp Imports: Down 9% between 2010-14, Belgium Ecuador up 4% between 2014-17 India 130K Madagascar Netherlands 120K UK

110K 20,629

Venezuela 17,591 20,901 25,400 34,734 26,092 Vietnam 22,275 21,695 100K 37,313 36,269 Source: Eurostat (2017) 90K 42,322 9,160 9,126 9,740 45,467 *Estimate 41,199 80K 45,314 12,049 18,411 12,945 40,592 70K 30,748 27,795 29,461 13,775 29,872 MT 32,007 32,525 18,216

60K 24,529 28,127 21,788 31,300 14,052 19,601 33,281 14,331 12,493 29,752

50K 27,909 13,009 12,456 12,055 12,347 9,659 14,220 13,185 14,154 12,924 12,403 11,330 40K 11,256 9,193 9,644 12,456 12,347 13,185 14,220 11,330 30K 11,256 12,403 12,924 10,594 9,340 11,393 9,713 9,532 9,112 20K 9,258 9,433 9,883 9,611 20,401 9,772 15,033 17,866

10K 17,885 17,154 11,788 13,116 12,925 0K 11,353 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017* 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52

Others Argentina Japanese Shrimp Imports: Down 25% between 2011-15, Canada China up 13% between 2015-17 India Indonesia Myanmar 350K 34,330 Russia 41,426 38,825 64,778

Thailand 49,711 55,425 51,714 42,893 Vietnam 300K 59,656 58,914 38,125 34,461 37,172 The disease crisis in 39,764 38,125 Thailand led to an 250K 34,461 overall decline in 37,172 39,764 Japanese shrimp 59,267 31,753 43,158 50,286 imports, with a partial 35,042 200K 52,900 50,605

recovery expected in MT 2017 driven primarily 35,042 34,169 43,158

by increased exports 59,267 50,286 38,537 37,813 52,900 37,279 150K 51,881 32,022

from Vietnam. 50,605 53,858 41,243 57,865 44,602 44,299 34,169 38,676 61,672

Source: Japan Customs 60,966 62,204 (2017) 55,356 31,467 32,342 61,278

100K 55,943 58,162 76,662

*Estimate 51,340 79,878 77,631 44,614 66,936 42,905 57,083 41,375 58,019 56,383 39,526 36,989 37,280 42,046 35,678

50K 44,952 39,090 39,800 37,726 34,767 66,535 65,643 65,456 62,563 55,413 55,182 55,059 53,185 53,780 53,498 51,410 50,995 50,836 50,036 50,535 46,918 38,748 35,386 0K 32,733 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017* 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53

Exports Imports China - Exports and Imports of Frozen Shrimp

Source: WB/World 160K Integrated Trade 150K Solution Database (2017) 140K

130K 37% Decrease from 2011 to 120K 2016 110K

100K

90K 109% Increase 80K from 2011 to 2016 70K MT (Product Weight) 60K

50K

40K

30K

20K

10K 0K 2009 2010 2011 2012 2013 2014 2015 2016 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

>70 61-70 Composition of Shrimp Aquaculture Production by Size Categories - Aggregate 2016 51-60 41-50 100% 31-40 6.0% 4.0% 26-30 14.7% 13.1% 6.0% 21-25 90% 8.1% 15-20 <15 11.5% 80% 11.8% 16.3% 18.6% Source: GOAL (2017). 70% 17.0% 18.3% 16.9% 60% 18.1%

50% 15.0% 23.8% 20.0% 40% 20.6%

30% 18.3% 18.7% 16.1%

20% 14.3%

12.5% 8.9% 10% 6.7% 14.6% 5.1% 8.8% 0% US Imports - HLSO Asia Americas World 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

World 2010 World 2016 Composition of Shrimp Aquaculture by Size Categories World 2010 vs. World 2016 Sources: GOAL (2011, 2017). 15-20 21-25 26-30 31-40 41-50 51-60 61-70 <15 >70 24% 23.0%

22% 21.0% 20.0% 20%

18% 16.9% 16.3% 16.0% 16.1% 16%

14.0% 14% 13.1%

12%

10% 8.9% 8.0% 8% 7.0% 6.0% 6% 5.1%

4.0% 4% 2.5% 2% 1.0% 1.0% 0% 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

Expected Trends in Shrimp Aquaculture: Size Categories - Goal Survey 2017 Size Category Asia Americas World

<15 Stable Decrease Stable

15-20 Stable Stable Stable

21-25 Stable Stable Stable

26-30 Stable Increase Stable / Increase

31-40 Stable / Decrease Stable Stable / Decrease

41-50 Stable / Decrease Stable Stable / Decrease

51-60 Stable Increase Stable

61-70 Stable Increase Stable

>70 Increase Decrease Increase 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

Other Forms Breaded Composition of Shrimp Aquaculture by Product Form - Aggregate 2017 Cooked Peeled 100% Green / Head-oﬀ 7.3% 4.5% 10.8% Green / Head-on 12.6% 90% 6.4% 13.3% Source: GOAL (2017). 10.5% 12.6% 80%

30.3% 13.2% 70% 15.0%

60% 40.2% 17.1%

50% 19.3%

40% 24.9%

30% 23.8% 56.3%

20% 38.5%

23.5% 10% 16.7%

0% US Imports Asia Americas World 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

Expected Trends in Shrimp Aquaculture: Product Forms - GOAL Survey 2017

Product Form Asia Americas World

Green / Head-on Decrease Increase Stable

For a number of Green / Head-oﬀ Stable Decrease Stable years, production of green / head-on shrimp for the European and Asian Peeled Stable / Increase Stable / Decrease Stable / Increase markets has been trending upwards in Ecuador. Cooked Stable / Decrease Stable Stable / Decrease

Breaded Increase Stable Increase

Other Forms Increase Stable / Decrease Increase 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

GOAL 2017 Survey: Issues & Challenges in Shrimp Aquaculture - All Countries

Diseases

Seed stock quality & availability

Access to disease-free broodstock

***Production costs - Feed/Fishmeal

Environmental management

***International market prices

Asterisks indicate a Banned chemicals / antibiotic use Top 3 issue in GOAL Production costs - Others 2007 Survey. Product quality control

Feed quality and availability

Access to Credit

***International trade barriers

Production costs - Fuel

Market coordination

Conﬂicts with other users

Infrastructure

Public Relations Management Not Important Moderately Important Extremely Important 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

Worldwide Top Issues & Challenges in Shrimp Aquaculture: 2017 Survey vs 2016 Survey

Access to Credit 2016

2017

Access to disease-free broodstock 2016

2017

Diseases 2016

2017

Environmental management 2016

2017

International market prices 2016

2017

International trade barriers 2016 2017

Production costs - Feed/Fishmeal 2016

2017

Production costs - Fuel 2016

2017

Production costs - Others 2016

2017

Seed stock quality & availability 2016

2017

Not Important Moderately Important Extremely Important 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

GOAL 2017 Survey: Issues & Challenges in Shrimp Aquaculture - Asia

***Diseases

Seed stock quality & availability

Access to disease-free broodstock

***Production costs - Feed/Fishmeal

Environmental management

Banned chemicals / antibiotic use

International market prices Asterisks indicate a Product quality control Top 3 issue in GOAL 2007 Survey. Production costs - Others

Feed quality and availability

***International trade barriers

Access to Credit

Conﬂicts with other users

Production costs - Fuel

Market coordination

Infrastructure

Public Relations Management

Not Important Moderately Important Extremely Important 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

GOAL 2017 Survey: Issues & Challenges in Shrimp Aquaculture - Latin America

***Production costs - Feed/Fishmeal

Diseases

***International market prices

Access to disease-free broodstock

Access to Credit

Seed stock quality & availability

Production costs - Others Asterisks indicate a Production costs - Fuel Top 3 issue in GOAL 2007 Survey. Feed quality and availability

***International trade barriers

Environmental management

Public Relations Management

Market coordination

Product quality control

Infrastructure

Conﬂicts with other users

Banned chemicals / antibiotic use

Not Important Moderately Important Extremely Important 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

GOAL 2017 Survey: Top Issues & Challenges in Shrimp Aquaculture - Asia vs Latin America Diseases Asia Latin America International market prices Asia Latin America Production costs - Feed/Fishmeal Asia Latin America Seed stock quality & availability Asia Latin America Product quality control Asia Latin America Access to disease-free broodstock Asia Latin America Production costs - Others Asia Latin America Environmental management Asia Latin America Feed quality and availability Asia Latin America Production costs - Fuel Asia Latin America Access to Credit Asia Latin America Banned chemicals / antibiotic use Asia Latin America Conﬂicts with other users Asia Latin America Infrastructure Asia Latin America International trade barriers Asia Latin America Market coordination Asia Latin America Public Relations Management Asia Latin America Not Important Moderately Important Extremely Important 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

GOAL 2017 Survey: Global economic conditions will be better in 2018 compared to 2017 Outlook Asia Americas Others

Strongly Agree Honduras

Bangladesh, India, Myanmar, Agree Brazil, Mexico, Peru Madagascar Philippines, Taiwan, Thailand Americas: more positive than last year

Asia: about same China, Indonesia, Japan, Malaysia, perspective as last Neutral / No Opinion Ecuador, Nicaragua, Venezuela New Caledonia, Saudi Arabia Vietnam year

Disagree South Korea

Strongly Disagree 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

GOAL 2017 Survey: Feed prices will be lower in 2018 compared to 2017

Outlook Asia Americas Others

Strongly Agree

Agree Nicaragua

About same pespective as last year. Neutral / No Opinion India, Philippines, Taiwan, Vietnam Honduras, Mexico, Peru, Venezuela Madagascar

China, Indonesia, Japan, Malaysia, Disagree Ecuador New Caledonia, Saudi Arabia Myanmar, South Korea, Thailand

Strongly Disagree Bangladesh Brazil 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

GOAL 2017 Survey: The global shrimp market will strengthen in 2018 compared to 2017 Outlook Asia Americas Others

Strongly Agree Indonesia, Taiwan

Bangladesh, China, Japan, Myanmar, Brazil, Ecuador, Honduras, Peru, Agree New Caledonia Philippines, Vietnam Venezuela

Same perspective as last year. Neutral / No Opinion India, Malaysia, South Korea, Thailand Mexico, Nicaragua Madagascar

Disagree Saudi Arabia

Strongly Disagree 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

Conclusions

Global Shrimp Production Expectations 2016-17: +2% 2017-18: +5% 2016-19: +4.8% per year

Top 3 Constraints to Growth (Global & Asia): #1 Disease #2 Seed Stock Quality #3 Disease-free Broodstock Top 3 Constraints to Growth (Latin America): #1 Production Cost #2 Disease #3 Market Prices

2018 - Expectations Generally expect higher feed prices Stronger shrimp markets (little more positive than last year) Better global economic conditions (little more positive than last year) 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

Thank You!

James.anderson@uﬂ.edu http://isfs.institute.ifas.uﬂ.edu 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

APPENDIX 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

Shrimp Aquaculture in Asia: 2012-2015 vs 2015-2019 China Thailand Vietnam Indonesia India

20% 18.8%

15% 12.7% 11.6% 11.2% Sources: GOAL 9.8% 10% (2013-2016) for 2012-2015; GOAL (2017) for 2016-2019. 4.7% 5% 3.8% Southeast Asia includes Thailand, Vietnam, Indonesia, 0% Bangladesh, Malaysia, -1.5% Philippines, Myanmar -2.7% and Taiwan. -5%

M. rosenbergii is not included. Average Annual Growth Rate -10%

-15%

-20%

-22.0% -25% 2012-2015 2015-2019 2012-2015 2015-2019 2012-2015 2015-2019 2012-2015 2015-2019 2012-2015 2015-2019 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

Shrimp Aquaculture in Asia: 2012-2015 vs 2015-2019 Bangladesh Malaysia Philippines Taiwan South Korea Japan Myanmar

30% 29.4%

25%

Sources: GOAL 20% (2013-2016) for 2012-2015; GOAL (2017) for 2016-2019. 15% 12.3% Southeast Asia includes Thailand, 10% Vietnam, Indonesia, Bangladesh, Malaysia, 4.6% Philippines, Myanmar 5% 4.1% 3.6% and Taiwan. 1.7%

Average Annual Growth Rate 0.2% M. rosenbergii is not 0% included. -1.0% -1.4% -1.7% -1.8%

-5% -4.7% -4.2%

-10% -9.3% 2012-2015 2015-2019 2012-2015 2015-2019 2012-2015 2015-2019 2012-2015 2015-2019 2012-2015 2015-2019 2012-2015 2015-2019 2012-2015 2015-2019 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

<15 15-20 Composition of Shrimp Aquaculture Production by Size Categories - Comparison of Survey 21-25 26-30 Data for Asia 31-40 41-50 100%

51-60 7.0% 7.0% 7.1%

61-70 90% 7.0% >70 6.7% 8.9% 9.0% 10.0% 9.0% 18.0% 14.1%

80% 16.2% 17.0% 14.3%

Disease problems in 8.0%

Asia led to the 15.8% 70% 15.0% 15.0% harvesting of smaller 16.0% sizes since 2011. 13.0%

60% 20.6% 30.3% 29.0% 23.0% 30.3% 17.0% 19.0% 24.8% 50% 21.0% 18.0%

40% 18.1% 21.0% 21.0% 19.0% 20.2% 15.0% 22.0% 19.2% 19.0%

30% 17.8%

20% 18.6% 10.1% 14.0% 15.0% 15.0% 16.0% 10.0% 12.1% 10.9% 13.0% 10% 7.1% 7.0% 14.7% 13.0% 12.0% 11.9% 11.0% 10.0% 8.1% 0% 7.0% GOAL 2008 GOAL 2009 GOAL 2010 GOAL 2011 GOAL 2012 GOAL 2013 GOAL 2014 GOAL 2015 GOAL 2016 GOAL 2017 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

<15 15-20 Composition of Shrimp Aquaculture Production by Size Categories - Comparison of Survey 21-25 26-30 Data for the Americas 31-40 41-50 100% 51-60 7.0% 9.0% 8.0% 61-70 10.0% 90% 8.1% 10.9% 9.0% 14.6% >70 16.0% 10.0% 9.0% 18.2% 80% 15.0% 19.0%

There was also a 14.9% 16.0% 22.2%

temporary trend 18.7% 18.0% 70% 19.0% towards smaller sizes in

Latin America in 2011 29.0% 60% 22.0% 25.3% and 2012. 19.8% 20.0% 25.0% 16.0% 24.2% 21.0% 50% 23.8%

40% 23.0% 21.0% 16.0% 21.8% 19.0% 18.2% 19.0% 18.0%

30% 17.2% 17.0% 15.0% 12.0% 13.0% 13.0% 20% 14.1% 14.9% 11.0% 10.0% 11.5% 13.1% 8.0% 10.0% 10.0%

10% 11.0% 10.1% 9.9% 14.0% 9.0% 10.1% 10.0% 0% 8.0% GOAL 2008 GOAL 2009 GOAL 2010 GOAL 2011 GOAL 2012 GOAL 2013 GOAL 2014 GOAL 2015 GOAL 2016 GOAL 2017 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

Other Forms Breaded Composition of Shrimp Aquaculture Production by Product Form - Comparison of Survey Data Cooked Green / Head-oﬀ for Asia Green / Head-on Peeled 100% 7.0% 8.0% 10.0% 10.0% 12.6% 13.4% 90% 8.0% 6.9% 12.0% 8.0% 12.1% 11.0% 9.0% 10.0%

80% 9.4% 12.6% 15.8% 20.0% 18.0% 19.0% 15.0% 18.0%

70% 20.2% 22.0% 15.4% 15.0%

60% 17.8% 20.0% 10.4% 22.0% 18.0% 20.0% 50% 17.0% 19.0% 22.2% 23.8% 40% 29.7% 17.0% 23.0% 9.1% 24.0% 22.0% 33.2% 30% 22.0% 16.7% 20% 35.0% 30.3% 28.0% 25.0% 24.0% 23.8%

10% 23.0% 23.0% 19.3% 18.2% 0% GOAL 2008 GOAL 2009 GOAL 2010 GOAL 2011 GOAL 2012 GOAL 2013 GOAL 2014 GOAL 2015 GOAL 2016 GOAL 2017 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

Other Forms Breaded Composition of Shrimp Aquaculture Production by Product Form - Comparison of Survey Data Cooked Green / Head-oﬀ for China Green / Head-on Peeled 100% 8.9% 8.8% 9.0% 10.0% 15.0% China seems to be 90% 16.8% 10.0% 20.5% 8.0% 24.5% 17.8% increasing its 9.8%

production of 80% 15.0% 19.8%

value-added products 14.0% 12.9% 13.0% relative to green/peeled 12.7% 70% 25.0% shrimp in the most 14.9% 10.5% 17.5%

recent years. 20.0% 15.8%

60% 17.0% 14.7% 21.8% 12.9% 50% 9.0% 13.9% 20.0% 15.0%

40% 25.0% 19.8% 27.5% 8.9% 54.0% 47.5% 21.8% 9.0%

30% 25.0%

20% 14.0% 35.0% 32.7% 30.7% 30.0% 26.5%

10% 23.8% 20.0% 15.0% 13.5% 0% 11.0% GOAL 2008 GOAL 2009 GOAL 2010 GOAL 2011 GOAL 2012 GOAL 2013 GOAL 2014 GOAL 2015 GOAL 2016 GOAL 2017 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

Other Forms Breaded Composition of Shrimp Aquaculture Production by Product Form - Comparison of Survey Data Cooked Green / Head-oﬀ for the Americas Green / Head-on Peeled 100%

The growing share of 90% the green head-on form reﬂects an increased 80% 26.0% 30.0% 34.0% 23.8% 32.0% 31.3%

presence of Ecuadorian 30.3% 45.0% shrimp in European and 46.0%

70% 53.0% Asian markets.

60%

50%

40% 52.5% 52.0% 63.0% 50.5% 56.0% 30% 57.0% 56.3% 46.0% 44.0% 40.0% 20%

10% 14.9% 14.0% 12.1% 7.0% 7.0% 7.0%

0% 6.4% GOAL 2008 GOAL 2009 GOAL 2010 GOAL 2011 GOAL 2012 GOAL 2013 GOAL 2014 GOAL 2015 GOAL 2016 GOAL 2017 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

Marine Shrimp Aquaculture in China by Region: 2006 vs. 2016 Guangdong Guangxi Shandong Fujian Hainan Other 500K 36.4% 450K

400K

350K Shandong

Source: Chinese 300K Fisheries Yearbook (2017). 20.1%

Percentages are share MT 250K across 2016. 15.6% 200K Fujian

150K 9.7% Guangxi 9.2% 9.0% Guangdong 100K

Hainan 50K Other

0K 2006 2016 2006 2016 2006 2016 2006 2016 2006 2016 2006 2016 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

Farmed, C&SA White, 26-30 Farmed, Southeast Asian, 26-30 P. Monodon vs L. Vannamei: US Wholesale Prices Premium, White - Tiger 8

Coinciding with falling supplies from 7 Thailand, wholesale shrimp prices began rising in 2010 with the sharpest increase taking place in 2013. 6

Prices declined during 2014 and 2015 as other countries (India, Indonesia, Ecuador, 5 Vietnam) increased their exports to the U.S.

Prices of BT shrimp have nevertheless 4 increased since early 2016, widening the premium over white shrimp.

USD/lb 3 Source: Urner Barry (2017)

-1

2000 2002 2004 2006 2008 2010 2012 2014 2016