Whiteleg shrimp made up 61% of the total, black tiger 31%
In January 2014, Vietnam earned over US$258.6 million from shrimp exports including US$157.6 million of whiteleg shrimp sales (making up nearly 61 percent of total shrimp exports) and US$80.64 million of black tiger shrimp sales with the proportion of 31.18 percent.
In 2013, demand for whiteleg shrimp in main consuming markets (the U.S., Japan and EU) soared due to short supply. Sharp decline in global shrimp production, particularly whiteleg shrimp in 2013 was caused by EMS outbreak in two largest shrimp producers of Thailand and China.
EMS on farmed shrimp in Vietnam was well-controlled in 2013, leading a significant increase in the shrimp production. 2013 witnessed a sharp expansion of whiteleg shrimp farming area to 66,000 hectares from 41,800 hectares of 2012 while total shrimp farming area up only 1.6 percent year on year with 666,000 hectares. Accordingly, the output of whiteleg shrimp rose 50.5 percent year on year to 280,000 MT from 186,000 MT in 2012.
In the late 2013, many Mekong Delta provinces stocked shrimp, mainly whiteleg for third crop of the year. In the first shrimp crop in 2014, many households shifted to farm whiteleg shrimp instead of farming black tiger shrimp.
Whiteleg shrimp sales to the U.S. up 337.6 percent
In January 2014, shrimp exports to the U.S. totaled US$86.88 million, up 163 percent year on year. The U.S. is the leading importer of Vietnam shrimp. In January 2014, shrimp sales to the U.S. made up 33.6 percent of the country’s total shrimp exports while in the same month of 2013, the proportion of exported shrimp to the market was only 22.2 percent, equal to exports to Japan.
Positive growth in whiteleg shrimp sales to the U.S. in Jan 2014 showed that Vietnam’s whiteleg shrimps are favored in the U.S. market.
In Jan 2014, shipment of Vietnam whiteleg shrimp to the U.S. touched over US$67.4 million, up 337.6 percent from Jan 2013 (US$15.4 million).
In the month of 2014, shrimp exports to other major markets also reported a sharp surge: exports to Japan and EU up 64.3 percent, exports to South Korea up 143.5 percent, to Australia up 96 percent; however, shrimp exports to China downed 37.7 percent.
(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) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(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.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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