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Shrimp exports to Germany: White shrimp occupied 83% of the total
June 07, 2017, 01:45 PM
(seafood.vasep.com.vn) As of March 2017, Germany held as the third largest importing market of Vietnam shrimp in the EU, accounting for 3% of total shrimp export of Vietnam to markets. In Jan-Mar 2017, Vietnam’s shrimp exports to Germany reached US$18.4 million, down 22.8% over the same period in 2016.

In the period, exports of Vietnam whiteleg shrimp to Germany took the main share of 83% while those of black tiger shrimp picked up the proportion of 12% in Vietnam’s total shrimp exports to this market.

For whiteleg shrimp, Germany mainly imports live/fresh/frozen items from Vietnam for domestic consumption, processing and re-exporting. In addition, cooked shrimp and peeled shrimp are also quite popular in Germany.

For 10 years (2007-2016), Vietnam’s shrimp exports to Germany were not stable. Vietnam’s shrimp exports to Germany peaked at US$140.3 million in 2014, a sharp rise of 245% from the lowest level in 2007 (US$40.6 million). From 2007 to 2011, Vietnam shrimp exports to the market continuously grew and reached the highest value in 2011, then decreased and peaked in 2014. In 2015 and 2016, exports to Germany decreased compared to 2014 due to currency fluctuations, shrimp prices fell and the euro devalued due to political instability in the EU such as Brexit event or resignation of Italian president.

According to ITC, Vietnam stayed as the second largest shrimp supplier to Germany, behind the Netherlands, accounting for about 16% of total German shrimp imports. In the first two months of 2017, shrimp imports into Germany valued at US$87.7 million, down 2.6% over the same period last year.

Vietnam - EU Free Trade Agreement (EVFTA) has ended negotiations and expected to come into effect from 2018. EVFTA promises to offer significant tax incentives for Vietnam’s shrimp exports to Germany.

In the coming time, Germany continues to be the potential importing market of Vietnam shrimp, specially whiteleg shrimp. Imports of this item into the market expected to go on the rise.  

Imports of shrimp into Germany (Thousand US$)

Suppliers

2015

2016

Variation (%)

Jan-Feb 2016

Jan-Feb 2017

Variation (%)

World

611,580

621,176

1.6

90,104

87,731

-2.6

Netherlands

115,311

138,476

20.1

25,393

22,196

-12.6

Vietnam

118,769

107,285

-9.7

12,778

14,336

12.2

Belgium

34,366

36,197

5.3

6,787

7,810

15.1

Denmark

29,433

40,210

36.6

10,329

10,204

-1.2

Bangladesh

81,880

70,169

-14.3

7,013

7,161

2.1

UK

30,148

30,831

2.3

4,915

4,299

-12.5

India

46,420

40,015

-13.8

3,512

4,020

14.5

Written by Kim Thu

Compiled by Dieu Thuy

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Specialist on Shrimp market
Ms Kim Thu
Tel: 84.24.3771.5055 (ext 203)
Portal of Vietnam Association of Seafood Exporters and Producers (VASEP)
Add: 218 Road Nguyen Quy Canh, Zone A, An Phu An Khanh New Urban Area, District 2, HCM city, Vietnam
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In charge of content: Nguyen Hoai Nam (Mr) – Deputy General Secretary of VASEP
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Email: kimthu@vasep.com.vn
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