Breakthrough markets for Vietnamese shrimp in the first 2 months of 2021

In the top 10 shrimp import markets in the first 2 months of this year, besides the countries as the top 10 markets last year (USA, Japan, South Korea, Australia, China, Canada, UK, Germany, Hong Kong), the Netherlands has replaced Singapore, after exporting to the Netherlands increased by 27%, while exports to Singapore plummeted by 97%.

Position in the top 10 shrimp import markets has been changed by the big surges in export value to the US, Australia, Canada, Germany and the Netherlands (up by 14%, 115%, 14%, 20% and  27% respectively) and the slowdown in Japan, UK, and Hong Kong (down by 6%, 75% and 29%, respectively).

Australia is in the top 4 Vietnam shrimp export markets

Notably, the acceleration of shrimp exports to Australia has brought this market from 10th place to top 4 after only the US, Japan and South Korea. In the first two months of 2020, there were 35 companies participating in shrimp export to this market, after 1 year, there are 12 more companies exporting shrimp to Australia. The increase in the number of shrimp exporters and the increase in export turnover of large companies was the factors that brought positive results for shrimp exports to Australia. In particular, Minh Phu Corp alone accounted for 37% of the total Vietnamese shrimp exports to Australia and sales soared 159% over the same period last year. In addition to Minh Phu, CASES, Agrex Sai Gon, SEAVINA, Quang Minh Seafood, Hai Sang Seafood, O&H LOONG PTY ...and also Sao Ta Food Joint Stock Company were in the top 10 shrimp exporting enterprises to Australia in the first two months of this year. Shrimp exports to Australia grew spectacularly mainly thanks to whiteleg shrimp, up by 192% and accounting for 92% of the total shrimp export value, while black tiger shrimp exports decreased by 3.7% and only accounted for 1.4% of exports, the rest are other types of shrimp accounted for 6.5%, down by 2%.

The main shrimp products exported to Australia in the first 2 months of the year include: frozen headless peeled fresh white shrimp with tail, frozen fresh PD white shrimp, frozen steamed/boiled PD shrimp, Frozen breaded whiteleg shrimp, Other processed shrimp (dumpling, spring roll, seasoned shrimp and meat ...), fresh, frozen tiger shrimp ... Notably, in addition to traditional products, in the first 2 months of this year, Australia imported a lot of dried shrimp from Vietnam (8.1 million USD worth), while in the same period last year, this market did not import dried shrimp.