(vasep.com.vn) Vietnam shrimp exports in May 2015 reached US$242.7 million, up 9% compared to the previous month, but still down 29.6% over May 2014.
Shrimp exports in the first 5 months gained US$ 1 billion, down 29.4% from the same period in 2014.
Recovered global shrimp production and lower demand in the end markets including the U.S, EU, Japan and China leading to downed shrimp price which caused Vietnam shrimp export reduction.
In the first five months of the year, vannamei sales reached US$ 579.7 million, representing 57.5% of total exports of shrimp from Vietnam while black tiger shrimp exports reached US$ 346.8 million, accounting for 33.3%.
Shrimp exporting to the U.S achieved US$ 212.2 million, down 52% over the last year. The US shrimp demand has been quiet since January 2015. Besides, inventories in the US remained high.
Exports to the EU reached US$192.4 million, felt down 13.8% from the same period last year. The European economy is still not completely out of the recession which caused its demand for shrimp imports drop. The euro weakened against the dollar also reduces shrimp imports into the EU. This trend may persist in the coming months.
World shrimp production increasing
Global shrimp production increased from 3.4 million tones to 3.6 million tones in 2014, of which Asian producers account for around 3 million tones. World shrimp production continued to rise this year as these countries have well controlled EMS.