Shrimp exports are showing positive signs in many markets. Exports to the US and EU have shown stable growth. China is implementing policies to boost consumption, which could help increase shrimp import demand from Vietnam.
In November 2024, exports to China&Hong Kong and the EU continued to maintain a double-digit growth rate, while exports to Japan, the US, and South Korea showed single-digit growth.
In November 2024, shrimp exports to the US reached over 55 million USD, up 9% compared to the same period last year. Cumulatively, exports to this market reached 702 million USD, an increase of 10%. Wholesale shrimp prices in the US saw a wide increase in the second week of December. The price increase may be due to concerns over shipping and overall higher costs across the entire supply chain. Shopping and consumption demand during the holiday season in the US is expected to grow positively.
As of November 2024, shrimp exports to China&Hong Kong showed good growth of 34%, reaching 761 million USD. The demand for shrimp consumption during the Lunar New Year has increased imports in this market, making it the largest shrimp import market in the first 11 months of this year, surpassing the US.
Export shrimp prices are showing signs of rising, especially for white-legged shrimp, helping to improve profit margins for businesses.
Shrimp raw material prices are also at a positive level, which will support production and exports.
Moreover, processed shrimp products are experiencing strong growth, which is a positive signal, showing that businesses are shifting towards value-added products.
However, Vietnam's shrimp industry still faces internal challenges that need to be overcome to achieve sustainable growth.
Specifically, Vietnamese shrimp need to improve quality and reduce costs to compete in the international market. This includes enhancing issues related to seed quality control, farming seasons, stocking density, disease management, reducing production costs, and forecasting consumption trends in importing markets to help drive the shrimp export value chain and increase income for shrimp farmers.
In addition, there needs to be a shift in mindset. Rather than focusing on production volume and high technology, emphasis should be placed on sustainability and efficiency, particularly regarding quality, environment, health, and selling prices.
Furthermore, farmers need to keep up with trends in shifting farming species; trends in high-tech, environmentally friendly shrimp farming that adapts to climate change and sustainability; and the development and application of biotechnology. Especially, the link in production chains with international standards to meet market demand is crucial.
(seafood.vasep.com.vn) Nearly US$1.7 billion is the projected gap in 2029 between the baseline scenario and a scenario in which Vietnam’s seafood exports grow by 10% annually, according to calculations by VASEP to be presented at Vietnam Seafood Summit 2026. This gap raises a key question for the entire industry: Which markets, products and supply chain improvements will generate the additional growth?
(seafood.vasep.com.vn) Although Germany’s tuna imports have declined, Vietnam’s tuna exports to the market continue to show positive signs. Notably, export value recovered strongly in Q3/2026, and German import data also show Vietnamese products strengthening their position amid competition among suppliers.
(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
(seafood.vasep.com.vn) On October 28, 2026, the China Fisheries & Seafood Expo opened in Qingdao, China. The expo takes place over three days from October 28 to 30, 2026. This is a prestigious specialized seafood exhibition organized annually by Sea Fare Exposition Inc.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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