Shrimp Duties Update: The Impact of Duties – Part I
December 5, 2024
- Preliminary Countervailing Duties Imposed: April 1, 2024
- Preliminary Antidumping Duties Imposed: May 30, 2024
- Change in Imports in First Four Months of Combined Duties: – 55.8 Million Pounds
- U.S. Processed Production in 2023: 104.1 Million Pounds
On April 1, 2024, Commerce published preliminary countervailing duties on shrimp from Ecuador, India, and Vietnam. Two months later, on May 30, 2024, preliminary antidumping duties were imposed on imports from Ecuador and Indonesia.
The first four months after both preliminary antidumping and countervailing duties were imposed was June through September of 2024. Imports from each of the four countries fell compared to the same four-month period the previous year.
Combined imports from the four countries fell by 55.8 million pounds in the four months after combined preliminary relief. To put this volume in perspective, domestic shrimp processors produced just 104.1 million pounds of shrimp in the full twelve months of 2023. In other words, in just the first four months after duties were imposed, imports have fallen by an amount equal to more than half of total domestic production last year.
“Thanks to ASPA’s trade cases, dumped and subsidized imports have already fallen,” said Trey Pearson, the President of ASPA. “This has opened up important opportunities for our industry, and we can easily step in to serve the market as imports retreat. I am hopeful that the benefits of ASPA’s hard work will be felt throughout the domestic industry.”
This is the eighth in a series of “Shrimp Duties Updates” from ASPA to keep members of our industry informed about the facts and figures underlying ASPA’s shrimp case. These updates will be available on ASPA’s website and you can sign up to receive them. Stay tuned tomorrow for the next Shrimp Duties Update!
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