(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.

(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.

(seafood.vasep.com.vn) Vietnam's shrimp exports accounted for the highest export value among all seafood products in the first nine months of the year, reaching nearly $2.8 billion, a 10.5% increase compared to the same period in 2023.

(seafood.vasep.com.vn) Camimex Group JSC, formerly known as Ca Mau Frozen Enterprise, was established in 1977, operating mainly in the field of aquaculture, processing and preservation of seafood and aquatic products; export aquatic products, agricultural products. In 2005, Camimex officially became a joint stock company and in 2010 officially listed on HoSE. In the context of Vietnam's shrimp exports continuously declining in the first months of 2023, Camimex aims to increase 28% of seafood export turnover in 2023, equivalent to 100 million dollars.

(seafood.vasep.com.vn) Vietnam's shrimp exports in the first two months of this year grew well in all major markets such as the US, EU, Japan, Korea, China, UK... In the Russian market, exports decreased due to disruption resulting from the Russia-Ukraine conflict.

(seafood.vasep.com.vn) The US is the largest single import market for Vietnamese shrimp. The demand for US shrimp imports from Vietnam has been quite stable since the outbreak of the Covid-19 pandemic. Vietnamese shrimp in the US market is becoming more and more competitive when India (the largest supplier of shrimp in the US) also faces many barriers due to the Covid epidemic. The market share of Vietnamese shrimp in the US increased from about 8% (2020) to nearly 10% in the first 9 months of 2021.

(seafood.vasep.com.vn) By the end of July 2021, Soc Trang province is leading in seafood export with US$570 million, accounting for 11.3% of Vietnam's total turnover. In which, shrimp exports accounted for 94% with 535 million USD, the rest were fish cakes, surimi, squid, octopus and other mollusks.

According to the People's Committee of Bac Lieu province, in the first 6 months of 2021, the weather is quite favorable for aquaculture, so shrimp develops well, many high-tech shrimp farming models have brought high economic efficiency. Accordingly, there are 7 companies and 472 households developing high-tech agricultural models with an area of 1,126.26ha; The average yield of farmed shrimp is nearly 23 tons/ha.

(vasep.com.vn) In the first 5 months of 2021, Vietnam's shrimp exports reached 1.31 billion USD, up 11.8% over the same period last year. Shrimp exports to most markets achieved a good growth, especially the value of shrimp exports to China - Hong Kong decreased by 19% over the same period in 2020.

(seafood.vasep.com.vn) In the first 4 months of 2021, the total value of Vietnamese shrimp exports to the US market reached US$198 million, up 24.8% over the same period last year. Up to now, the US continues to be the leading whiteleg shrimp export market of Vietnamese seafood enterprises. In particular, in the first months of this year, Vietnamese enterprises sharply increased the export of dried shrimp and processed vannamei shrimp to the US market.

(seafood.vasep.com.vn) In the first 4 months of this year, the shrimp export value of the top 10 leading shrimp exporters in Vietnam reached 452 million USD, accounting for 47% of the total shrimp export of the country. In which, MINH PHU SEAFOOD CORP, STAPIMEX and MINH PHU HAU GIANG continue to be the top 3 exporters.

(seafood.vasep.com.vn) In the first four months of 2021, Vietnam's total shrimp export value reached US$961.9 million, up 10.2% over the same period last year, of which whiteleg shrimp products accounting for 75.8% of total shrimp exports, up 20%. This result reflects the flexible grasp of the market by Vietnamese shrimp enterprises to overcome obstacles of many Covid waves.

(seafood.vasep.com.vn) In the first 4 months of this year, Vietnam's shrimp exports to a number of markets grew dramatically compared to the same period last year, including the Australian market. As of the first half of April 2021, the total value of Vietnam's shrimp exports to the Australian market reached US$47.4 million, up 60% over the same period last year.

(seafood.com.vn) Shrimp production and processing is one of the key industries of Ca Mau province. With this strength, Ca Mau province has developed strategies to maximize its potential in order to develop its brand and promote export markets.

Willem Van Der Pijl is a shrimp industry analyst, having a thorough understanding of the structure and dynamics of most shrimp markets and most shrimp producing countries. His expertise covers the input, the farming, the processing, the export/import and the market distribution segments of the industry. He can access to best data sources that help to strengthen fact based reporting, thanks to a global network, covering all segments of the industry. In particular, VASEP is also a partner to exchange and share information on the shrimp industry with Willem Van Der Pijl.

(seafood.vasep.com.vn) Vietnam's shrimp exports in the first quarter of 2021 reached US$ 661 million, an increase of over 5%. This slight growth was mainly due to an increase in exports of 16.5% in March. Shrimp exports to the US, EU, Australia, UK, and Russia surged in March (up 49%, 27%, 37%, 31% respectively and 97%), making the picture of shrimp export in the first quarter brighter after the cumulative results in the first 2 months decreased compared to the same period last year.

(seafood.vasep.com.vn) According to the Department of Industry and Trade of the Mekong Delta provinces, in the early months of 2021, the shrimp export situation in the European market have many prosperity and strong growth.

(vasep.com.vn) In the first two months of 2021, the total value of Vietnam's shrimp exports reached US $376 million, down by 1.9% year-on-year. In which, CPTPP market sector is still leading, accounting for 34.26% of total shrimp export. Lack of containers and high sea freight to European and US markets and congestion at Chinese import ports due to strict corona virus control regulations have affected Vietnam's shrimp exports in the first 2 months of the year. However, since March, the situation has been more positive, so it is forecasted that shrimp exports in the second quarter of 2021 will flourish again.

Positive signs have been seen in shrimp exports since the beginning of this year and alongside a host of favourable conditions regarding market demand, the target of earning 4 billion USD from exports has been deemed “within reach”.

(vasep.com.vn) Shrimp exporting enterprises in 2021 are getting a push from the FTAs and the remove of the US anti-dumping tax on Vietnamese biggest shrimp exporter. Although the seafood trade has not escaped the impact of the pandemic, the shrimp industry is forecasted to continue to grow thanks to the FTA push, especially with the experience of adapting to market changes from 2020.