(vasep.com.vn) Statistics show that in the first 9 months of 2014, Korea shrimp imports increased by 6.4% year on year in volume, and that from Vietnam rose by 50.2%.
From January to September 2014, South Korea imported 44,418 MT of shrimp, with the value of US$ 407.4 million, up 6.4% in volume and 44.5% in value. As imports from China plummeted and imports from Thailand fell sharply at 39%, Vietnam become the largest shrimp supplier for South Korea. Vietnam rose its market share from 33% last year to 44%.
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South Korea shrimp imports, Jan-Sep /2013-2014 by weight (MT)
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South Korea shrimp imports, Jan-Sep /2013-2014 by value (US$ millions)
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Origin
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2013
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2014
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2014/2013 (%)
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|
Origin
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2013
|
2014
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2014/2013 (%)
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Global average
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41,731
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44,418
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6.4
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Global average
|
282
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407.4
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44.5
|
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Vietnam
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13,083
|
19,646
|
50.2
|
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Vietnam
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109.6
|
205.3
|
87.2
|
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China
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14,610
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9,391
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-35.7
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China
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63.2
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50.6
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-19.9
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Malaysia
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2,802
|
3,150
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12.4
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Thailand
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39.9
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37.3
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-6.4
|
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Ecuador
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3,054
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3,120
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2.1
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Ecuador
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24.3
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30.4
|
24.7
|
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Thailand
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4,574
|
2,786
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-39.1
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Malaysia
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18.5
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29.1
|
56.8
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India
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1,536
|
2,290
|
49.1
|
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India
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11.3
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17.2
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52
|
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Indonesia
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161
|
664
|
311.7
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Philippines
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2.9
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7.9
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166.7
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Argentina
|
150
|
655
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334.6
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Indonesia
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1.7
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6.9
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293.7
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Philippines
|
194
|
538
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177.4
|
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Argentina
|
1
|
5.8
|
455.2
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Iran
|
21
|
408
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1792.9
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Peru
|
1.2
|
2.8
|
133.3
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Early mortality syndrome (EMS) was the main cause for the decline in shrimp imports from China and Thailand. This became an opportunity for other sources such as Vietnam, India and Indonesia to boost exports to Korea. Shrimp imports from Indonesia to Korea were reported up 311.7% in the first nine months of this year.
Accounting for 7.9% of total shrimp exports from Vietnam, Korea is ranked 5th in top list of biggest shrimp market for Vietnam, after the US, Japan, EU and China. Shrimp exports from Vietnam to Korea in the first 9 months of 2014 upped 84.8% year on year. This growth rate is only lower than exports to EU.
Until the end of September 2014, whiteleg shrimp exports to Korea, up 106% year on year, were double as those of black tiger shrimp.