Australia – a potential market for Vietnam shrimp

(vasep.com.vn) Over the years, Australia has been in the top 10 leading import markets of Vietnam shrimp. During last 5 years, Vietnam’s shrimp exports to the market kept a positive growth. In 2013, Vietnam shrimp sales to Australia reached over US$128 million, up 27.5 percent compared to 2012, ranking the 6th biggest importer of Vietnam shrimp after the U.S., Japan, EU, China and South Korea.

Black tiger shrimp is the greatest advantage of Vietnam in Australia market

The trend of increasing imports of whiteleg shrimp over black tiger in many consumer markets such as the U.S., Japan and EU leads to the change in structure of Vietnam's shrimp products exported to global markets last year. However, Vietnam black tiger shrimp exports to Australia in 2013 remained stable with proportion of over 60 percent.

 Vietnam now is the largest producer of black tiger shrimp in the world with the annual output of 300,000 MT. Meanwhile, black tiger shrimp accounts for only 0.4 percent (2,000 MT) and 5 percent (60,000 MT) of the total shrimp production by Thailand and China. (FAO Statistics, 2011).

Keep increasing in frozen shrimp exports to Australia

Frozen raw shrimp imported into Australia accounts for the largest proportion among  crustacean (HS code 0306) imports into the market. According to statistics of the World Trade Centre (ITC), raw frozen shrimp (HS code 030617) accounts for the largest share of 82.2 percent and the rest is frozen crab and other products.

In the last 5 years, imports of raw frozen shrimp into the market reported a continuously positive growth of from 7.5 to 37 percent. In 2013, the market imported over US$232.8 million of frozen shrimp, up 14.9 percent year on year.

The U.S. market currently imports frozen raw shrimp from over 50 suppliers while Australia currently only imports from 11 countries around the world. According to the ITC, in 2009 Australia imported frozen shrimp from 24 suppliers throughout the world, however, in 2013 the number of suppliers decreased to 11.

Vietnam shrimp imports into Australia in the last 5 years have maintained high growth. In 2013, Vietnam ranked the second among frozen shrimp suppliers to Australia, after China.

Australia’s imports of frozen raw shrimp, 2009 - 2013, (US$ thousand) (Sourcce: ITC)

 

 Origins

2009

2010

2011

2012

2013

1

China

35,590

41,205

73,127

66,455

95,180

2

Vietnam

23,581

22,157

29,919

40,353

44,700

3

Thailand

29,613

36,724

37,954

54,129

40,400

4

Malaysia

15,746

21,028

26,636

25,293

34,092

5

Indonesia

15,239

10,971

10,571

10,293

11,891

6

India

1,421

849

2,337

4,311

4,321

7

Myanmar

456

1

0

0

1.141

8

New Caledonia

680

298

656

808

618

9

Denmark

0

0

6

0

79

10

South Korea

2

16

39

12

16

11

Taiwan (China)

300

63

0

10

5

Vietnam - a leading supplier of processed shrimp to Australia

In last 5 years, Vietnam has been the biggest supplier of processed shrimp to Australia despite unstable growth like its frozen raw shrimp exports. However, the number of processed shrimp suppliers to Australia decreased sharply from 19 to 10 ones, creating more momentum for Vietnam exporters to maintain and expand their market share in the market.

Australia’s imports of processed shrimp, 2009 - 2013, US$ thousand (Source: ITC)

 

Origins

2009

2010

2011

2012

2013

 

Total world

107,579

134,483

139,206

84,547

77,888

1

Vietnam

39,388

60,149

54,224

25,879

29622

2

Thailand

37,399

41,607

51,585

42,808

28,308

3

China

25,133

27,500

27,055

15,000

17,200

4

Malaysia

3,645

2,795

3,353

714

2,002

5

Indonesia

512

670

643

0

404

6

Taiwan

118

80

10

4

310

7

Japan

152

221

44

6

31

8

India

14

44

428

1

8

9

Sri Lanka

0

2

11

7

2

10

South Korea

14

9

93

1

1

11

Myanmar

777

1023

985

8

0

12

Philippines

197

163

306

4

0

13

The U.S.

0

1

257

0

0

14

Singapore

59

129

143

4

0

15

Denmark

48

41

50

0

0

16

Italy

0

1

10

0

0

17

Hong Kong

86

0

3

32

0

18

Netherlands

0

0

2

0

0

19

Spain

0

2

2

0

0

20

Belize

0

47

0

0

0


Comment

SPECIALIST ON TUNA MARKET

Ms Van Ha

Email: vanha@vasep.com.vn

Tel: +84 24 37715055 (ext. 216)

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