Good growth in Vietnam shrimp sales to Netherlands

(seafood.vasep.com.vn) In 2015, the Netherlands stayed as the 3rd largest importer of Vietnam shrimp in the EU bloc. After the growth in the first 3 months of 2015, Vietnam's shrimp exports to the Netherlands declined continuously from April to the end of the year. Entering 2016, shrimp exports to this market continued to decline in the first two months of 2016. Between March and June 2016, the Netherlands reported the continuous growth in importing Vietnam shrimp in which imports reached the highest value of US$14.8 million in June, up 98.3% compared to June 2015.

In QII/2016, shrimp exports to the Netherlands reported the growth from 15.4% to 98.3%. Exports to the market in QII/2016 hit US$35.2 million; an increase of 50.6% over the same period in 2015. Thanks to the growth in QII, the Netherlands overtook Germany to become the largest importer of Vietnam shrimp in the EU. As of June 2016, shrimp exports to the Netherlands totaled US$49.8 million; up 26.3% over the same period in 2015.

The recovery in shrimp exports to the Netherlands in the early months of 2016 was attributable to higher demand and economic downturn boosted demand for white shrimp with reasonable price.

The Netherlands mainly imports white shrimp from Vietnam and the demand for the item tends to increase. In the first 6 months of 2015, among total shrimp exports to the Netherlands, white shrimp sales was 1.6-fold higher than black tiger shrimp. As of June this year, white shrimp sales were 2.1 times higher than black tiger shrimp.

In the first 6 months of this year, among total shrimp exports to the Netherlands, processed white shrimp (HS code 16) accounted for the highest proportion of 40%. Sales of the item in the period also reported the highest growth rate. Sales of the item to the Netherlands hit US$20 million; an increase of 74.6% over the same period last year. Processed black tiger shrimp exports (HS code 16) showed the deepest fall of 44.6%. Exports of others shrimp (except for white shrimp and black tiger) also fell by 13.3%.

According to the statistics of the International Trade Center (ITC), in the first 4 months of this year, shrimp imports into the Netherlands reached US$178.6 million, up 0.2% compared to the same period in 2015. Vietnam ranked the 3rd position in supplying shrimp to the market with the growth of 2.4% and the proportion of 10.1% of total shrimp import value into the Netherlands. India was the largest supplier, accounting for 23.7% of total shrimp imports, and rising 1.6%. As of April this year, among top 10 largest suppliers, shrimp imports from  Germany into the Netherlands reported the most tremendous growth of 126.3%.

In addition, the Netherlands also imports shrimp from some regional countries (Belgium, UK, Germany and France). Asian suppliers (India, Indonesia and Thailand) were competitors of Vietnam in the Netherlands.

Shrimp products exported by Vietnam to Netherlands (US$)

Products

Jan-Jun 2015

Jan-Jun 2016

Variations (%)

Processed white shrimp (HS 16)

11,449,019

19,984,466

74.6

Live/fresh/frozen white shrimp (HS 03)

9,569,519

10,634,432

11.1

Other shrimp (HS 03 and HS 16)

5,599,206

4,853,248

-13.3

Other processed black tiger shrimp (HS 16)

3,047,350

1,688,574

-44.6

Live/fresh/frozen black tiger shrimp (HS 03)

9,743,723

12,594,370

29.3

Total

39,408,817

49,755,089

26.3

 

Shrimp imports into Netherlands (Unit: US$ thousand, Source:ITC)

Suppliers

Jan-Apr 2015

Jan-Apr 2016

Variations (%)

The world

178,197

178,584

0.2

India

41,587

42,253

1.6

Morocco

30,454

23,245

-23.7

Vietnam

17,708

18,129

2.4

Bangladesh

21,036

15,636

-25.7

Belgium

17,210

13,815

-19.7

Germany

5,339

12,080

126.3

Indonesia

12,949

9,894

-23.6

Ecuador

8,525

5,719

-32.9

Nigeria

8,530

8,326

-2.4

Denmark

2,582

4,394

70.2

By Kim Thu


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  • SPECIALIST ON SHRIMP MARKET

Ms Kim Thu

Email: kimthu@vasep.com.vn

Tel: 84.24.3771.5055 (ext 203)

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