ANALYSIS: Balancing Growth Opportunities Against Inventory Risks for US Shrimp Imports

Total Imports by Country: Strong Growth Continues
Total shrimp imports in March 2025 reached 154.4 million lbs, a robust 10.7% increase year-over-year, surpassing our estimate range of 151.6-172.9 million lbs. This growth appears to be significantly impacted by importers frontloading ahead of the April 2nd tariff announcement. Indonesia showed the most dramatic growth at +32.0% to 27.7 million lbs, while India maintained its market leadership position with 55.0 million lbs (+7.0%). Thailand's volumes surged by 60.6% to 4.7 million lbs, though...
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