Chris van Bussel
Senior Analyst

Chris van Bussel works for KONTALI Analysis, and is based in Norway. Prior to that, Chris worked for over 10 years in the aquafeed industry, the latest as global marketing manager for aquafeed company Skretting. Chris was born in the Netherlands where he finished his Master of Science in Aquaculture at Wageningen University. Chris then continued his studies in Kiel, Germany, where he received his doctorate in Aquaculture Engineering. During his research career at different institutes in Europe and Asia, Chris worked on both nutrition of tilapia, catfish and shrimp as well on the design of recirculation aquaculture systems. Now in his current role at Kontali, Chris works as innovation manager and senior analyst, with a focus on shrimp and warm water fish.

Session 1 State of the Industry, Challenges and Growth in Asia
Presentation Farmed Shrimp: Intra-Asia Trade and Potential of Domestic and Consumption


Farmed shrimp represents roughly half of the world’s shrimp supply, and Litopenaeus vannamei represents the majority of the farmed volume. In 2022 a record volume of 3.47 million metric tonnes of vannamei live shrimp equivalent (LSE) was exported. This exported volume represents around 71% of the volume of vannamei produced, which consequently means that the rest was consumed domestically. Asia is by far the most important vannamei exporting region, with a combined export of 2.2 million metric tonnes LSE of vannamei.

In this presentation we will look at global trade flows, but focus on intra-Asia trade flows, changes in trade flows and volumes. We have a closer look, from an exporter perspective, into export from Asian countries to the world and other Asian countries.

Vice versa we will also look from an importer perspective, to look at global and Asian imports for main Asian markets. We further will look at differences in shares of product forms (HOSO/HLSO/PLD) between supplier countries and changes over time.

On a global level, in 2022, around 29% of vannamei shrimp LSE was consumed domestically. This was the highest level of domestic consumption in the last 5 years. This despite the rise of Ecuadorian exporting volumes, whereas Ecuadorian domestic consumption (on absolute basis) is almost neglectable. Thus, not only on global basis but also for Asian countries, we will have a look on domestic consumption of shrimp and see how patterns have changed during the last (COVID affected) years.

Last but not least, we will have a look at latest prices and price trends for both farm-gate prices and trade prices.