In Feb and Mar 2012, Vietnam shrimp exports to Australia reported a triple growth which promises a bright outlook for Vietnam shrimp this year. According to General Department of Vietnam Customs, in Jan 2012, Australia imported US$3.9 million of Vietnam shrimp, up 21.1 percent from that of Jan 2011. Shrimp shipment to the market in Feb and Mar 2012 reached US$9.8 million and US$8.4 million, respectively with a growth of 173 percent and 114.6 percent.
In the first three months of 2012, total shrimp exports to the market reached over US$20 million, representing a 100.7 percent growth from that of the same period of 2011 which pushed Australia to surpass Canada to become the sixth largest shrimp importer of Vietnam.
In the past many years, Vietnam shrimp exporters has faced a “barrier” from Australian market because the country imposes strict regulation on controlling raw shrimp imported into the country. Besides, shrimp consumption demand of Australian people is not as high as that of Japan and the U.S., so many Vietnam shrimp exporters do not give priority to exporting shrimp to the market. However, amid headwinds from globally major economies, Australia becomes good destination for Vietnam shrimp, especially value-added products.
In the past 5 years (2007-2011), processed shrimp accounted for a large proportion in the structure of shrimp export to the market. In 2011, processed shrimp occupied up to 82.6 percent of total shrimp export value to Australia in which black tiger shrimp made up over 63 percent.
Statistics of The International Trade Centre (ITC) showed that Vietnam was the largest supplier of processed shrimp for Australia in the past 4 years.
Vietnam processed shrimp imports into Australia increased by 1,491 percent from US$3.4 million (in 2007) to US$54.1 million (in 2011) while at the same time, shrimp imports from Thailand (the second largest supplier) rose by 147 percent from US$20.6 million to US$51.3 million, followed by China with 16.7 percent growth from US$23 million to US$26.9 million.
|
Processed shrimp (HS 160520) imports into Australia, 2007 – 2011, US$ thousand |
|||||
|
Origins |
2007 |
2008 |
2009 |
2010 |
2011 |
|
Total |
52,305 |
108,820 |
107,579 |
134,483 |
138,726 |
|
Vietnam |
3,403 |
40,212 |
39,388 |
60,149 |
54,167 |
|
Thailand |
20,686 |
27,900 |
37,399 |
41,607 |
51,301 |
|
China |
23,122 |
33,638 |
25,133 |
27,500 |
26,996 |
|
Malaysia |
3,308 |
4,563 |
3,645 |
2,795 |
3,341 |
|
Myanmar |
202 |
834 |
777 |
1,023 |
981 |
|
Indonesia |
809 |
1,055 |
512 |
670 |
584 |
|
India |
4 |
5 |
14 |
44 |
426 |
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn