Brazil Crustacean insights

In 2023, Japan was the fourth largest destination for Brazilian agribusiness products, totaling US$ 4.1 billion in business

Measure, valid from December 9, meets the demands of Brazilian producers and reinforces sanitary rigor in imports

The Brazilian shrimp industry is looking forward to entering the Chinese market. After being restricted by strict certification requirements for a long time, China is expected to lift import restrictions on Brazilian shrimp soon, bringing new business opportunities to Brazilian exporters. Itamar Rocha, president of the Brazilian Shrimp Producers Association (ABCC), said that negotiations between the Brazilian government and trade groups and the Chinese government have made positive progress. He expects Brazil to obtain export authorization to China in the next 30 to 40 days, and revealed that the first batch of Brazilian shrimp products is expected to arrive in the Chinese market in 2025. This year, Brazil is expected to produce 210,000 to 220,000 tons of shrimp. Although the output is far lower than that of Ecuador, the world's largest shrimp exporter, Brazil's small-sized shrimp may fill specific needs in the Chinese market. However, Brazilian shrimp still faces challenges in entering the Chinese market. Compared with the international market, the domestic shrimp price in Brazil is relatively high, which may have certain constraints on exports. At the same time, Ecuadorian shrimp still occupies a dominant position, and in recent years Ecuador has been in China. The market share continues to grow. However, due to the energy crisis and production adjustments, Ecuador's shrimp exports to China fell for five consecutive months in 2024, bringing new opportunities to Brazilian shrimp. Despite the growth of domestic shrimp production in China, consumer demand for shrimp remains strong, and the Chinese market is looking for more sources of supply. With the continuous increase in China's import demand, Brazilian shrimp is expected to become an important supplementary source for the Chinese market in the future. For the Brazilian shrimp industry, quickly adapting to international market prices and meeting China's import standards are the keys to future success. The opening of this market will not only bring growth space for Brazilian shrimp exports, but will also further promote changes in the global shrimp industry.