The Netherlands- a market for Vietnamese shrimp exports

The statistics of the International Trade Centre (ITC) showed that shrimp imports into the Netherlands through June 2015 reached US$246.8 million, down 24.5% year on year.

In the first two quarters of this year, among 8 leading shrimp suppliers, Bangladesh, Vietnam and Nigeria raised exporting shrimp to the market double digit growth. The others reported decreases. Indonesia witnessed the deepest dive of 51.8%. India, the largest shrimp supplier to the Netherlands, also reported the decline of 7.1%.

Vietnam, the fourth largest supplier, taking 10.2% of the total imports of the Netherlands, grew by 28.7%.

The Netherlands also imported shrimp from European countries such as Belgium, the UK, Germany and France. In Dutch market, Vietnam competes quite well with other Asian suppliers such as India, Indonesia, Thailand and China.

In H1/2015, among EU 27, the Netherlands was the fifth shrimp importing market, behind Spain, France, the UK and Germany. In 2014, Vietnam shrimp exports to the market  reported the 15 year high with the volume of 3,639 MT, worth by US$ 46 million. In QI/2015, the result upped 37% quarter-on-quarter but when it turned to QII/2015, exports downed 11%. 

In the first 8 months of 2015, Vietnam shrimp exports to the market valued nearly US$59 million. The decline from last year's result was attributable to European economic crisis and EUR’s devaluation.

This also affected other seafood imports into the market.  

It is expected that shrimp exports to the Netherlands in the last months of the year continued to edge down comparing to the same period of last year. Shrimp imports into the market will surge when EUR recovers in 2016.