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Vietnam shrimp exports recovered in October 2021
09:12 11/30/2021

(seafood.vasep.com.vn) Korea is Vietnam's fifth largest shrimp import market, accounting for 9.5% of Vietnam's total shrimp export value. Vietnam's shrimp exports to this market, after declining in August due to social distancing to prevent the Covid-19 epidemic, showed signs of recovery in September and the first half of October this year.

(seafood.vasep.com.vn) The US is the largest single import market for Vietnamese shrimp. The demand for US shrimp imports from Vietnam has been quite stable since the outbreak of the Covid-19 pandemic. Vietnamese shrimp in the US market is becoming more and more competitive when India (the largest supplier of shrimp in the US) also faces many barriers due to the Covid epidemic. The market share of Vietnamese shrimp in the US increased from about 8% (2020) to nearly 10% in the first 9 months of 2021.

(seafood.vasep.com.vn) Ca Mau Provincial People's Committee and Minh Phu Seafood Corporation have just held the Groundbreaking Ceremony of the Minh Phu Seafood Processing Factory project chain at Khanh An Industrial Park, U Minh District, Ca Mau Province.

(seafood.vasep.com.vn) Two products of frozen shrimp and rice exports of Soc Trang province grew strongly in the first 10 months of the year, of which shrimp exports increased by 21%.

(seafood.vasep.com.vn) The rice-shrimp farming model is mainly concentrated in the coastal provinces such as Kien Giang, Soc Trang, Bac Lieu, Ben Tre, Ca Mau, etc. is giving high economic efficiency. Every year, farmers earn two sources of rice and shrimp, about 4-4.5 tons of rice/ha/crop and 0.45-0.5 tons of shrimp/ha/crop.

(seafood.vasep.com.vn) Vietnam's shrimp production and export in the second half of September 2021 has shown more positive signs, especially in some key shrimp provinces such as Soc Trang, Bac Lieu, and Ca Mau. Thanks to good epidemic control direction, businesses have both made efforts to fight the epidemic while trying to maintain production and export.

(seafood.vasep.com.vn) By September 21, 2021, Sao Ta Food Joint Stock Company (FIMEX VN) has restored 100% of capacity after the period of social distancing. Sao Ta's shrimp prices are at a good level and the company is accelerating production to meet the needs of its partners.

(seafood.vasep.com.vn) Thanks to a lot of efforts, up to now, Soc Trang shrimp industry has basically overcome the challenges during the period of implementing social distancing to ensure the prevention and control of COVID-19 . The difficulties that are solved in time and the optimistic signals of consumer demand in both domestic and foreign markets are good opportunities for shrimp farmers and seafood processing companies in this locality to restore the production chain in the remaining months of the year.

(seafood.vasep.com.vn) In the first half of this year, Vietnamese shrimp exports to Australia reached US$88.7 million, up 81% over the same period last year. This is the market that recorded the best growth among the main shrimp import markets of Vietnam.

(seafood. vasep.com.vn) In the first half of 2021, Vietnam's shrimp exports reached 1.7 billion USD, up by 13.7% over the same period in 2021. Exports to all main markets, except for China, grew well. This is a great effort of Vietnamese shrimp exporters ever since the Covid-19 pandemic appeared.

(seafood.vasep.com.vn) The provinces of Soc Trang, Bac Lieu, Ca Mau, Kien Giang and Ben Tre have for many years ranked first in the country in terms of area and production of farmed shrimp, accounting for about 70-80% of output and export value. The COVID-19 pandemic has disrupted many supply chains of goods and services, but Vietnamese shrimp still "squeeze through the narrow door", overcome the covid wave, and continue its growth momentum in the past time.

(seafood.vasep.com.vn) FIMEX VN considers shrimp farming to be the company's best performing business at this stage. The company's shrimp business grew 29%, higher than the industry average (about 15%).

According to the People's Committee of Bac Lieu province, in the first 6 months of 2021, the weather is quite favorable for aquaculture, so shrimp develops well, many high-tech shrimp farming models have brought high economic efficiency. Accordingly, there are 7 companies and 472 households developing high-tech agricultural models with an area of 1,126.26ha; The average yield of farmed shrimp is nearly 23 tons/ha.

(vasep.com.vn) In the first 5 months of 2021, Vietnam's shrimp exports reached 1.31 billion USD, up 11.8% over the same period last year. Shrimp exports to most markets achieved a good growth, especially the value of shrimp exports to China - Hong Kong decreased by 19% over the same period in 2020.

Minh Phu Hi-tech Agriculture Co., Ltd was established in October 2018 with the main activities of producing, cultivating, processing and exporting aquatic products, importing processing materials for export.


  • SPECIALIST ON SHRIMP MARKET

Ms Kim Thu

Email: kimthu@vasep.com.vn

Tel: 84.24.3771.5055 (ext 203)

  • Vinh Hoan
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