(seafood.vasep.com.vn) Vietnam’s shrimp exports maintained the growth thanks to stable demand from major markets such as the U.S., EU, China, South Korea and the global shrimp price tend to rise amid the decline in global shrimp supply.
In August 2016, Vietnam shrimp exports reached US$306.1 million; up 12.3% over the same month in 2015. In the first 8 months of this year, shrimp exports reached US$1.9 billion; up 5.8% from the same period last year.
Among total shrimp exports, the proportion of whiteleg shrimp rose thanks to rise in production and farming area while those of black tiger and marine shrimp reduced.
In Jan-Aug 2016, sales of whiteleg shrimp with the proportion of 60.4% of the total exports increased by 10%; sales of black tiger shrimp decreased 0.5% and accounted for 31.4%. In total shrimp products for exports, export value of processed whiteleg shrimp (HS 16) reported the largest increase of 12%, canned marine shrimp (HS 16) showed the biggest drop of 66% with modest value of US$1.8 million.
Vietnam shrimp exports to top 5 main markets reported the increase except for Japan down 6.4%, exports to China showed the sharpest increase of 36.9%, to the U.S. up 16.4%; to South Korea up 13.5% and EU up 7.1%.
The U.S.
The U.S. - the largest importing market with the proportion of 22.5% of the total exports, imported US$435.3 million of shrimp from Vietnam in Jan-Aug 2016, an year-on-year increase of 16.4%. The import shrimp price into the U.S. rose due to lower supply from India, Indonesia, Ecuador, Thailand. Demand for black tiger shrimp US imports increased in the context of lower supply from in India, Indonesia.
EU
Decline in shrimp inventories in EU made room for Vietnam shrimp exports to the market. Through Aug 2016, Vietnam’s shrimp sales to EU hit US$372 million, up 7.1% year on year. Exports to 3 key markets in the bloc posted positive growth in which exports to the Netherlands posted the sharpest increase of 29%.
Until Aug 2016, the U.K remained the biggest market of Vietnam shrimp in the bloc with the advance of 8.4%. Demand for warmater shrimp in the U.K remained good this year.
Vietnam shrimp exports in the last months of this year are expected to show slight increase compared to the same period of last year.
By Kim Thu