Vietnamese shrimp compete well in the Australian market

(seafood.vasep.com.vn) In the first half of this year, Vietnamese shrimp exports to Australia reached US$88.7 million, up 81% over the same period last year. This is the market that recorded the best growth among the main shrimp import markets of Vietnam.

Vietnamese shrimp compete well in the Australian market

Shrimp products exported to the Australian market in the first half of this year are also quite diverse, in which, mainly frozen whiteleg shrimp and black tiger shrimp (HS code 03061721 and 03061722): fresh frozen white leg shrimp PDTO, fresh whiteleg shrimp HLSL (peeled, headless, tail on), fresh/frozen PD black tiger shrimp, slipper lobster meat, and whole slipper lobster. In addition, Vietnam is also exporting dried shrimp products (HS code 03069530) to Australia...

According to the latest statistics of ITC, in the first 5 months of 2021, Vietnam, Thailand, China, Malaysia, and Brunei are the top 5 shrimp supplying markets for the Australian market, in which, Vietnam is the largest market, accounting for 62% of the total value of imported shrimp. Next, Thailand ranked second, accounting for 16%, China ranked third, accounting for 10%.

According to ITC, in the first 5 months of this year, Australia's shrimp imports from Vietnam increased by 93% while imports from Thailand and China decreased by 4% and 31% respectively.

Although the average price of shrimp imported from Vietnam is still higher than that of rival countries from 1 to 2 USD/kg, Vietnamese shrimp are competing very well in this market.

Last year, Australia's shrimp imports were affected by Covid-19, nationwide shrimp consumption dropped sharply due to the social distancing order. However, since the end of 2020 and the first half of this year, many importers, suppliers, and retail distribution channels have adapted to the epidemic to promote business activities again. Many sales methods are being changed in the direction of increased door-to-door delivery, priority for card payments, and physical distancing requirements for direct shoppers. For wholesale products can also be purchased from the system of stores, and restaurant chains, local seafood suppliers accept pre-orders.

Moreover, compared with some countries such as the US, India, and Europe, the Covid-19 epidemic situation in Australia is not too stressful, currently the vaccine is also being promoted by this country for people, so it is expected to export shrimp. to this market from now until the end of the year still growing well.


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  • SPECIALIST ON SHRIMP MARKET

Ms Kim Thu

Email: kimthu@vasep.com.vn

Tel: 84.24.3771.5055 (ext 203)

  • Vinh Hoan
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