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

(seafood.vasep.com.vn) After a year dominated by Covid pandemic, the structure of Vietnam's export shrimp market has changed significantly. In the first two months of this year, there were 67 markets importing shrimp from Vietnam, while in the same period last year there were 63 markets. In particular, there are many markets that had a breakthrough growths in imports from Vietnam such as Australia increasing by 115%, Belgium growing 139%, Russia rising by 109%, Chile with a 352% increase, Cambodia increasing by 30 times ...
Breakthrough markets for Vietnamese shrimp in the first 2 months of 2021
Whiteleg shrimp of SEAPRIMEXCO 

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).

Top 10 shrimp exporters to Australia, the first 2 months of 2021

No

Exporter

1

Minh Phu Hau Giang Seafood Joint Stock Company

2

Minh Phu Seafood Corporation

3

Ca Mau Seafood Processing and Service Joint Stock Company

4

Sao Ta Foods Joint Stock Company

5

SEAVINA Joint Stock Company

6

O&H Loong Pty Co., Ltd

7

Quang Minh Seafood

8

Argex Saigon Foodstuffs Joint Stock Company

9

Hasa Seafood Corporation

10

Hai Viet Corporation

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.

Top 10 shrimp export markets of Vietnam, the first 2 months of 2021

Market

Value (mil USD)

Change vs last year (%)

Proportion (%)

The U.S

85.824

14

20.8

Japan

82.675

-6

20.0

South Korea

44.657

0

10.8

Australia

29.614

115

7.2

China

26.225

11

6.3

Canada

23.061

14

5.6

The U.K

21.955

-75

5.3

Germany

14.162

20

3.4

The Netherlands

13.486

27

3.3

Hong Kong

10.418

-29

2.5

 

Lê Hằng
Phó Giám đốc Trung tâm VASEP.PRO
Email: lehang@vasep.com.vn
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