
Ecuador Shrimp Market- Trend Analysis & Forecast to 2030
Ecuador shrimp market valued at US$ ** million and production reached ** thousand tonnes in 2023. Ecuador is a leading global player in shrimp production and export, with its market...
Report ID: AGI-051 | 137 Pages | Status: Upcoming |

Ecuador Shrimp Market- Trend Analysis & Forecast to 2030
Ecuador shrimp market valued at US$ ** million and production reached ** thousand tonnes in 2023. Ecuador is a leading global player in shrimp production and export, with its market shaped by robust farming practices, sustainable techniques, and a well-established supply chain. The demand for Ecuadorian shrimp has surged globally, attributed to its high-quality standards, competitive pricing, and environmental sustainability.
Primary Areas/ Elements of Research & Analysis The report provides comprehensive and valuable insights into the supply and demand dynamics of the Ecuador shrimp market. Below are the variables considered and analyzed in the report:
■ Analysis of the Ecuador shrimp market with respect to supply-demand, growth trends, and trade (export & import) patterns |
Market/ Product Overview
Ecuador’s shrimp market has witnessed exponential growth over the last decade, positioning the country as one of the world’s largest shrimp exporters. The industry benefits from favorable climatic conditions, advanced aquaculture practices, and government policies aimed at promoting seafood exports. Shrimp farming dominates Ecuador’s aquaculture sector, accounting for over **% of its seafood exports. With the rise in global demand for premium seafood products, Ecuador’s shrimp sector has become an integral part of the global supply chain. The country’s shrimp exports contribute significantly to its GDP, with Asia, the EU, and the US being major importers. The market is projected to grow further, driven by increasing investments in technology and infrastructure.
Ecuador Significance in the Global Shrimp Supply
Ecuador holds a pivotal role in the global shrimp supply chain, supplying high-quality shrimp to over 50 countries. Its proximity to major markets, such as North America and Europe, ensures cost-effective and timely deliveries. Ecuadorian shrimp is renowned for its sustainability, as producers follow strict environmental guidelines and employ advanced farming techniques. The country’s ability to produce year-round, coupled with its strategic location along major shipping routes, makes it a reliable supplier. Furthermore, the government’s focus on maintaining export quality and certifications enhances its global reputation.
Ecuador Shrimp Supply & Demand Trend
Ecuador has consistently increased shrimp production over the past decade, reaching approximately ** million metric tons in 2023. This growth is attributed to innovations in aquaculture, such as biofloc technology and low-density farming practices. The adoption of disease-resistant shrimp varieties has also contributed to production stability. The country more than 220 thousand hectares occupied for shrimp farming, which provides more than 100 thousand direct and indirect jobs related to farming and processing. Shrimp ponds are located in five provinces of Ecuador, major presence in Guayas (60%), El Oro (20%), Manabí (9%), Esmeraldas (9%), Santa Elena (2%). With increasing investments in technology and expansion of farming areas, Ecuador’s shrimp production is expected to grow at a compound annual growth rate (CAGR) of **% through 2030. The white-leg (Litopenaeus vannamei) shrimp species (also known as the Pacific white shrimp) is majorly produced in Ecuador.
The demand for Ecuadorian shrimp is driven by its premium quality, competitive pricing, and adherence to international standards. Major importing countries, including China, the US, and Spain, have shown a steady increase in demand. The preference for Ecuadorian shrimp is also bolstered by its versatility in various cuisines and its compliance with sustainable and traceable sourcing practices. With the rising popularity of seafood consumption globally, the demand for Ecuadorian shrimp is projected to remain strong.
Ecuador Shrimp Market Growth Factors
The growth of the Ecuador shrimp market is underpinned by several factors. Increasing global seafood consumption, driven by rising health awareness and a shift toward protein-rich diets, has significantly boosted demand. Ecuador’s investments in sustainable aquaculture practices, such as zero-waste production and reduced antibiotic usage, appeal to environmentally conscious consumers. Technological advancements in shrimp farming, including automated feeding systems and water quality monitoring, have improved production efficiency. Additionally, trade agreements with major markets and the reduction of tariffs have made Ecuadorian shrimp more competitive globally. The country’s reputation for delivering high-quality products further fuels its market growth.
Ecuador Shrimp Market Restraints & Challenges
Despite its robust growth, the Ecuador shrimp market faces several challenges. Disease outbreaks, such as Early Mortality Syndrome (EMS), pose a significant risk to production. Climate change, with unpredictable weather patterns and rising sea temperatures, threatens shrimp farming sustainability. Additionally, stringent import regulations and quality standards in key markets like the EU and US can create trade barriers. Competition from other shrimp-exporting nations, such as India and Vietnam, adds pressure on Ecuador to maintain its cost and quality advantage. Infrastructure limitations in certain regions also hinder the seamless expansion of shrimp farming operations.
The country majorly depend on feed ingredients such as wheat, oilcakes, and other feed materials.
Ecuador Shrimp Industry: Supply Chain Constraints and Value Chain Challenges
The Ecuador shrimp supply chain faces bottlenecks, including inefficiencies in transportation and logistics. While major production hubs are well-connected, remote farming areas lack adequate infrastructure, leading to delays and increased costs. The dependency on manual labor for certain processes creates vulnerabilities, particularly during labor shortages or disruptions. Additionally, fluctuating feed costs, driven by global market dynamics, impact the profitability of shrimp farming. Exporters also face challenges in meeting diverse certification requirements, which vary across importing countries.
Ecuador Influence on Global Shrimp Prices
Ecuador has moderate price-setting power in the global shrimp market, driven by its reputation for high-quality and sustainably farmed shrimp. However, global market dynamics, including competition from other major exporters and fluctuating demand, influence pricing. Ecuadorian shrimp often commands a premium in markets like the EU and US due to its quality and sustainability certifications. Despite these advantages, price negotiations with large importers and retailers can limit Ecuador’s ability to set higher prices.

Shrimp End-Use Industries
Ecuadorian shrimp caters to various end-use industries, including retail, hospitality, and food processing. In the retail sector, it is sold as frozen, fresh, or value-added products like pre-cooked shrimp. The hospitality industry, comprising restaurants and catering services, demands high-quality shrimp for diverse cuisines. Food processing companies use shrimp in ready-to-eat meals, seafood mixes, and canned products. The versatility and premium quality of Ecuadorian shrimp make it a preferred choice across these industries.
Ecuador Shrimp Trade (Export & Import) Trend
Ecuador is a net exporter of shrimp, with over 95% of its production destined for international markets. Key export destinations include China, the US, and the EU, which together account for nearly 80% of total exports. Ecuador’s shrimp exports have grown at a CAGR of **% over the last decade, reaching $** billion in 2023. Imports of shrimp are minimal and primarily consist of value-added products for niche markets. The country’s strong trade performance is supported by its compliance with international quality standards and competitive pricing.
According to Ecuador's National Chamber of Aquaculture (CNA), the export value of farmed Ecuadorian shrimp contracted by US$ 364 million in 2023, while the industry faced a staggering US$ 1.5 billion loss in profits compared to the previous year. This sharp decline was largely attributed to weakened market prices and rising input costs, which severely compressed profit margins.
Ecuador Shrimp Market Competitive Analysis
The Ecuador shrimp market is highly competitive, with numerous players operating across the value chain. Leading companies have adopted strategies such as vertical integration, ensuring control over production, processing, and distribution. The use of advanced farming techniques and sustainability initiatives sets apart top players from smaller competitors. Companies are increasingly investing in branding and certifications to differentiate their products in international markets. The competitive landscape is further shaped by collaborations with global retailers and food service chains, enabling broader market access. Despite competition, Ecuador’s shrimp sector remains resilient due to its focus on quality and innovation.
List of Key Companies (Suppliers/ Processor/ Exporters),
■ Negocios Industriales Real S.A. (NIRSA)
■ Omarsa S.A.
■ Songa C.A.
■ Expalsa S.A.
■ Industrial Pesquera Santa Priscila S.A.
■ Procesadora Nacional de Alimentos C.A. (Pronaca)
■ Aquaexport S.A.
■ Camarones de la Costa S.A.
■ Exportadora Langosmar S.A.
■ Crimasa S.A.
■ Oceanos S.A.
■ D’Mar Seafood S.A.
Future Outlook
The Ecuador shrimp market is poised for continued growth, driven by rising global demand for seafood and advancements in aquaculture technology. Increased investments in sustainable practices and value-added products will enhance the country’s competitiveness. The market’s future hinges on its ability to navigate challenges such as climate change and trade regulations while capitalizing on its reputation for high-quality shrimp.
Report Coverage
Ecuador shrimp market report covers historical market data from 2015-2023 and projections to 2030. The report also includes supply & demand and trade (import-export) market analysis. The decision matrix analysis helped in identifying the barriers and their implications on the value chain and different factors of relative significance to the Ecuador shrimp market are diligently tracked and their impact closely monitored for short, medium, and long-term market cycles. The report's contents cover an analysis of the aspects involved in the shrimp market such as the parent market, the evolution of the industry, innovative technologies in the manufacturing process, supply chain, and listing of key exporters.
Scope of the Report
Report Attributes | Details |
---|---|
Historical Years | 2015–2022 |
Base Year | 2023 |
Forecast Period | 2024–2030 |
Units | Value (US$ Million) and Volume (Thousand Tonnes) |
Report Coverage | Production, Consumption, Export, and Import |
Segments Covered |
|
Geographies Covered | Ecuador |
Companies Profiled | The market players include, Negocios Industriales Real S.A. (NIRSA), Omarsa S.A., Songa C.A., Expalsa S.A., Industrial Pesquera Santa Priscila S.A., Procesadora Nacional de Alimentos C.A. (Pronaca), Aquaexport S.A., Camarones de la Costa S.A., Exportadora Langosmar S.A., Crimasa S.A., Oceanos S.A., D’Mar Seafood S.A., and Others |
Research Design

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Ecuador Shrimp Market – Supply & Demand, Trade, and Competitive Landscape Analysis
1. Executive Summary2. Introduction
2.1. Objectives & Scope of the Study
2.2. Definitions & Economic Importance
2.3. Research Methodology
2.4. Factors and Decision Matrix Analysis
2.5. Limitations & Challenges
3.1. Evolution/ Origin & Geographic/Agronomic Suitability
3.2. Country Fishery & Aquaculture Industry Overview
3.3. Shrimp Production
3.4. Processing & Grading
3.5. Shrimp Packaging Innovations
3.6. Regulatory Analysis
5. Ecuador Shrimp Market Growth Factors Analysis
5.1. Drivers and Restraints Analysis
5.2. Challenges and Opportunities Analysis
5.3. Ecuador Shrimp Industry SWOT Analysis
5.4. Ecuador Shrimp Market PESTEL Analysis
5.5. Ecuador Shrimp Market Porter's Five Forces analysis
6.1. Ecuador Shrimp Production Trend
6.2. Ecuador Shrimp Production, by Species
6.3. Ecuador Shrimp Processing Trend
7.1. Domestic Consumption
7.2. Processing
7.3. Export Demand
7.4. Shrimp Supply Chain Analysis
7.5. Shrimp Product Variants
8.1. Ecuador Shrimp Market, by Species
8.2. Ecuador Shrimp Market, by Form
8.2.1. Frozen
8.2.2. Canned
8.3. Ecuador Shrimp Market, by Sales
8.3.1. Domestic Consumption
8.3.2. Exports
9.1. Shrimp Export Trend Analysis
9.2. Top 10 Export Destinations of Ecuador Shrimp
10.1. Domestic Price Trend
10.2. Export Price Trend
10.3. Price Seasonality & Price Pattern Analysis
10.4. Price Events Analysis
11.1. Ecuador Shrimp Market Mapping
11.1.1. List of Key Countries Importing Shrimp from Ecuador
11.1.2. List of Key Companies Exporting Shrimp from Ecuador
11.2. Company Profiles
11.2.1. Negocios Industriales Real S.A. (NIRSA)
11.2.2. Omarsa S.A.
11.2.3. Songa C.A.
11.2.4. Expalsa S.A.
11.2.5. Industrial Pesquera Santa Priscila S.A.
11.2.6. Procesadora Nacional de Alimentos C.A. (Pronaca)
11.2.7. Aquaexport S.A.
11.2.8. Camarones de la Costa S.A.
11.2.9. Exportadora Langosmar S.A.
11.2.10. Crimasa S.A.
11.2.11. Oceanos S.A.
11.2.12. D’Mar Seafood S.A.
13. Appendix
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