Ecuador has reported three consecutive record months of prawn exports, shipping around 57,000 tonnes in May, a 2% m-o-m increase. According to Ecuador's Camara Nacional de Acuacultura – the national chamber of aquaculture – this has brought total Ecuadorian prawn exports to 252,000 tonnes between the beginning of the year until May 2019, up 23% compared to the same period last year.
Ecuador’s presence in the prawn market keeps growing, with 47,000 tonnes more available than the previous year in the global market, enhancing its competitive advantage against other major exporters. This is further supported by the increased availability in Ecuador, giving them the opportunity to offer competitive prices in the market.
The record volumes seen in May for exports of Ecuadorian prawns have been mostly driven by Chinese demand, importing almost 28,000 tonnes in May, up 114% y-o-y. This has been driven by low Chinese supply in consequence of continued diseases outbreak. Exports to the US have also increased in May, up 31% compared to the same time of last year. On the other hand, exports to Vietnam have almost halved to a total of 9,000 tonnes. This is mainly due to exports being directly shipped to China instead of going through Vietnam first.