ANALYSIS: Retail Shrimp Volume Down 12% Year-Over-Year as Prices Reach 12-Year Highs
Current retail shrimp market data reveal a significant shift in consumer purchasing patterns: volume is down 12% year-over-year, while prices have reached levels not seen since 2012. Dollar sales have remained relatively stable at 0.8% growth, indicating that price increases have largely offset volume declines in aggregate revenue terms.
Volume and pricing dynamics
The 12% volume decline reflects reduced shrimp imports into the US market, influenced by elevated costs throughout the supply chain. Despite the volume contraction, retail dollar performance shows minimal change...
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