Global Revenue and Global Trade of Black Tiger Shrimp in 2026
Abstract
Black tiger shrimp (Penaeus monodon), as one of the most valuable shrimp species in global markets, held a special position in international aquatic trade in 2026. While this species accounts for a smaller share of global trade volume compared with whiteleg shrimp (vannamei), it is still considered a premium and highly profitable commodity in target markets due to its large size, desirable taste, and high per-kilogram value. This article provides a comprehensive review of global revenue and trade of black tiger shrimp in 2026.
1. Introduction
Black tiger shrimp is one of the native species of tropical and subtropical waters of Asia and Oceania, recognized in global markets as a premium and luxury product. Unlike whiteleg shrimp, whose mass production has grown rapidly in countries such as Ecuador and China, black tiger shrimp has had more limited production due to greater susceptibility to disease and the need for more specific farming conditions. However, in 2026, we witnessed a significant revival of this species in export markets, especially from India and Vietnam.
Global Market Size and Revenue
2.1. Global Market Value
According to various reports, the global black tiger shrimp market has been growing steadily in 2026. QYResearch estimated the global market value of this product at about USD 550 million (equivalent to RMB 5,501 million) in 2025 and projected it would reach USD 806.6 million by 2032, with a compound annual growth rate of 5.7% during 2026–2032.
GIR (Global Info Research), in its report, also estimated the global black tiger shrimp market value at about USD 832 million in 2025 and expected this figure to rise to USD 1,211 million by 2032, with a compound annual growth rate of 5.6%. Differences in estimates stem from variations in product definition scope (including fresh, frozen, processed, or combined shrimp) and the statistical methods of different institutions.
2.2. Difference from Other Shrimp Species
An important point is that black tiger shrimp accounts for a relatively small share of total global shrimp trade. For example, in Vietnam, one of the largest exporters of black tiger shrimp, exports of this species in the first eight months of 2026 were about USD 318 million, while whiteleg shrimp exports exceeded USD 2 billion and other shrimp products totaled USD 936.6 million. This shows that black tiger shrimp is a specialized and premium product whose value is more concentrated in quality and size than in volume.
3. Production and Exports in Key Countries
3.1. India: Leader in Export Revival
In 2026, India was one of the most successful countries in reviving black tiger shrimp exports. India’s native black tiger shrimp exports rose from USD 108.9 million in fiscal year 2021 to USD 568.31 million in fiscal year 2026, the highest level in 13 years. This dramatic growth was driven by increased demand in East and Southeast Asian markets, especially China and Japan.
In July 2026, India recorded a shrimp export record of 81,674 tons, up 8.2% year on year. Indian exporters, by diversifying into markets in the United Kingdom, the European Union, and Asia, reduced their dependence on the U.S. market.
3.2. Vietnam: Sustainable Growth with a Focus on Value
In the first eight months of 2026, Vietnam exported a total of USD 3.3 billion worth of shrimp, showing 12% growth compared with the previous year. Meanwhile, black tiger shrimp exports reached USD 318 million, up 7.4%. In the first quarter of 2026, Vietnam’s black tiger shrimp exports were USD 80.7 million, experiencing 10.8% growth.
China and Hong Kong were the largest drivers of Vietnam’s shrimp export growth, with exports to these markets reaching USD 1.12 billion (up 35.9%), accounting for 34.1% of Vietnam’s total shrimp exports.
3.3. Bangladesh: Challenges Facing a Traditional Producer
Bangladesh, traditionally one of the main producers of black tiger shrimp (known as “Bagda”), faced serious challenges in fiscal year 2026. The country’s shrimp exports fell to USD 285 million, while at their peak in 2013–2014 they were about USD 550 million. However, shrimp still accounts for about 80% of the total value of Bangladesh’s aquatic exports.
3.4. Thailand: Production Growth with Modern Technology
Thailand saw 18% growth in black tiger shrimp production in 2025, and this trend is expected to continue in 2026. This growth was driven by technological innovations and increased disease resistance. However, Thailand’s total shrimp exports in 2026 are projected at about USD 1.075 billion, showing a 3.6% decrease compared with the previous year.
3.5. Indonesia: Limited but Valuable Exports
In the first half of 2026, Indonesia exported about 94.3 tons of black tiger shrimp (Penaeus monodon) worth IDR 25.7 billion (equivalent to USD 1.6 million). East Kalimantan Province is recognized as Indonesia’s largest exporter of black tiger shrimp.
4. Global Prices and Market Trends
4.1. Fresh Black Tiger Shrimp Prices
According to data from the Tridge platform, the unit transaction price of fresh black tiger shrimp in March 2026 was recorded at USD 10.27 per kilogram in India and USD 4.62 per kilogram in Ecuador. The higher price in India reflects the premium quality and larger size of Indian product.
4.2. Frozen Black Tiger Shrimp Prices
The price of raw frozen HLSO (headless shell-on) black tiger shrimp in March 2026 was USD 9.83 per kilogram in Malaysia and USD 8.98 per kilogram in India. In different markets, various prices are observed: Thailand USD 9.36, India USD 9.10, Bangladesh USD 8.05, and Malaysia USD 12.37 per kilogram.
4.3. Peeled Black Tiger Shrimp Prices
Raw frozen peeled black tiger shrimp traded at up to USD 19.65 per kilogram in some markets in June 2026, indicating the high added value of processing this product.
Import Markets and Demand
5.1. Main Import Markets
According to Tridge data, fresh black tiger shrimp is traded in 117 countries worldwide, and 201 importing companies have been identified in the global supply chain of this product. The main import markets include:
· United States: One of the largest shrimp importers in the world, importing black tiger shrimp in whole and processed forms.
· Japan: A historically important market for large shrimp and premium products, including black tiger shrimp.
· China: A large shrimp consumption and processing market whose imports also include black tiger shrimp.
· Spain and France: Major European markets for premium and large shrimp.
5.2. Consumer Preferences
Demand for black tiger shrimp in global markets is recognized as a premium and specialized product. Unlike whiteleg shrimp, which is a mass commodity, black tiger shrimp is often used in luxury food service sectors (HORECA) and specialty retail due to its large size, desirable texture, and rich flavor.
6. Challenges and Trade Barriers
6.1. Trade Tariffs
In 2026, U.S. tariff policies affected shrimp trade patterns. From July 2026, the United States imposed a 12.5% Section 301 tariff on Vietnamese goods, while Ecuador, India, and Indonesia faced a 10% rate. These tariffs strongly affected competitiveness in the U.S. market and pushed exporters toward market diversification.
6.2. Import Bans
Malaysia temporarily suspended imports of five shrimp species from Thailand, including black tiger shrimp (Penaeus monodon), starting June 1, 2026. This ban, which affects about 5% of Thailand’s total shrimp exports, reflects the sensitivity of shrimp trade to health and regulatory issues.
6.3. Diseases and Production Challenges
Black tiger shrimp faces production challenges due to greater susceptibility to disease compared with whiteleg shrimp. However, recent advances in biosecurity and farm management have helped improve survival rates.
Future Outlook
7.1. Growth Forecast
Given the projected compound annual growth rate of 5.6% to 5.7% for the global black tiger shrimp market during 2026–2032, the market value is expected to rise from about USD 832 million in 2025 to more than USD 1.2 billion by 2032. This growth will mainly be driven by increasing demand in Asian markets, especially China, and the revival of exports from countries such as India.
7.2. Key Trends
· Shift toward value-added products: Importers and retailers are increasingly interested in peeled, processed, and ready-to-eat products.
· Market diversification: Exporters are moving toward Asian and European markets to reduce dependence on traditional markets such as the United States.
· Focus on sustainability and traceability: Sustainability certifications and supply chain transparency have become key factors in global competition.
8. Conclusion
In 2026, black tiger shrimp, as a premium and specialized product in the global shrimp market, followed a path of sustainable growth. Global revenue from this product exceeded USD 800 million and is projected to reach more than USD 1.2 billion by 2032. India and Vietnam have acted as leaders in reviving exports of this species, while Bangladesh has faced structural challenges. Challenges such as trade tariffs, import bans, and diseases continue to affect trade in this product, but the overall market outlook is positive and growing. Focusing on quality, market diversification, and value-added products will be the key to success in the global black tiger shrimp market in the coming years.
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