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Shrimp exports to Japan slow down
January 26, 2015, 02:30 PM
(vasep.com.vn) In 2014, Vietnam's shrimp exports to Japan slowed down while exports to major markets reported positive growth.

International shrimp price has remained high in recent years, which significantly affected shrimp import demand in Japan. As JPY depreciated against the dollar, Japanese market lost its attractiveness to shrimp suppliers, and Vietnam is not an exception.

Statistics from General Customs showed that and in 2014, shrimp exports to Japan increased by only 4.9% year on year. This growth rate is much smaller than the increase in shrimp exports to the US and the EU, which are 28% and 66.7%, respectively. However, Japan is still the 2nd largest consumption market for shrimp from Vietnam.

Since mid-March 2014, Japan’s oxytetracycline (OTC) inspection was carried out on all shrimp imported from Vietnam. OTC residue is permitted at 0.2 ppm. Though shrimp exports to Japan increased sharply by 33%, a reversed trend was witnessed with negative growth of nearly 15% in April. This declining trend lasted until July and from August, shrimp exports to Japan found the recovery.

In 2014, Japan was the only market for shrimp from Vietnam that decreased both in terms of volume and value. Argentina was the most notable shrimp source for Japan in 2014. Japan’s shrimp imports from Argentina in the first 10 months of 2014 rose by 16% in volume and by 42.7% in value. Along with shrimp imports from Vietnam, imports of Thailand and Indonesia fell.

Shrimp imports into Japan – Unit: MT (Source: ITC)

Origin

Jan-Oct 2013

Jan-Oct 2014

Change 2014/2013 (%)

World

212,049,383

178,418,490

-16

Vietnam

43,765,075

40,784,452

-7

Thailand

49,422,147

29,394,985

-41

Indonesia

31,893,823

25,629,725

-20

India

25,689,870

25,548,016

-1

China

18,493,192

15,474,238

-16

Argentina

8,918,654

10,381,698

16

Russian Federation

5,237,731

5,654,635

8

Canada

4,329,396

4,860,161

12

Myanmar

5,023,473

4,787,566

-5

Malaysia

4,201,823

2,938,190

-30

Shrimp imports into Japan – Unit: US$ thousands (Source: ITC)

Origin

Jan-Oct2013

Jan-Oct 2014

Change2014/2013(%)

World

2,330,335

2,223,221

-4.6

Vietnam

512,911

561,893

9.5

India

263,286

299,170

13.6

Indonesia

374,398

338,700

-9.5

Thailand

515,785

360,695

-30.1

China

172,350

156,953

-8.9

Argentina

74,410

106,177

42.7

Russian Federation

77,176

79,911

3.5

Canada

65,118

66,604

2.3

Myanmar

51,306

54,736

6.7

Greenland

37,926

33,535

-11.6

Source:
Thu Trang
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Ms Kim Thu
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Portal of Vietnam Association of Seafood Exporters and Producers (VASEP)
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