The Japanese market imported 372 million USD of shrimp from Vietnam in the first 9 months of this year, down 28% over the same period. Vietnam's shrimp exports to Japan in September 2023 decreased by 10% - the smallest decrease since the beginning of this year.
In QIII/2023, shrimp exports to Japan reached 135 million USD, down 26%. The decrease in QIII is also the lowest decrease compared to the previous two quarters.
Weak demand from the Japanese market combined with a sharp decline in the Yen/USD currency exchange rate is one of the factors that have a negative impact on Vietnamese shrimp exports to Japan.
Among the three main shrimp product groups exported to Japan, whiteleg shrimp accounted for 64.1%, black tiger shrimp accounted for 18.5%, and the remaining 17.4% was other shrimp. Unlike other markets, Japan's export proportion of other types of shrimp is equivalent to black tiger shrimp. White leg shrimp’s export value to Japan in QIII reached 238 million USD, down 26%, black tiger shrimp’s export value decreased 40% to 69 million USD. Other shrimp exported to Japan reached 65 million USD, down 20%. Whiteleg shrimp’s export value decreased less than that of black tiger shrimp. Notably, dried shrimp exports to Japan increased by 3% in the first 9 months of this year.
In QIII/2023, the average export price of Vietnam's frozen black tiger shrimp to Japan ranged from 18.8-14.1 USD/kg. The average price of black tiger shrimp exported to Japan tended to decrease since the beginning of the year while the volume of black tiger shrimp exports to Japan tended to increase monthly (the next month is higher than the previous month) since June. In QIII, black tiger shrimp exports recorded an increase compared to the same period last year.
The Japanese market often has a higher average shrimp selling price than other Vietnam’s shrimp export markets. This market also has limited competition and high barriers to entry due to consumers' preference for high value-added products - which is the strength of Vietnam's shrimp industry.
In the Japanese market, Vietnamese shrimp exporters have a competitive advantage in high value-added products compared to countries that mainly export raw shrimp products such as India and Ecuador. It is expected that Vietnam’s shrimp exports to this market in the last quarter of the year will continue to narrow the decrease and may recover in December.
Sao Ta Foods (stock code: FMC) has set a target to sell 22,000 metric tons of shrimp this year and has outlined a proactive strategy to address risks related to anti-dumping and countervailing duty investigations in the U.S. market.
(seafood.vasep.com.vn) Vietnam’s exports of shelled mollusks recorded impressive growth in the first two months of 2025, reaching USD 41 million—an increase of 132% compared to the same period in 2024 (USD 18 million).
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in the first two months of 2025, Vietnam's shrimp exports recorded positive signs with strong growth in a number of important markets, of which lobster exports to China increased sharply.
In recent years, the agricultural and environmental sectors and localities in the province have created favorable conditions to develop and effectively maintain seafood chains, increasing income for people in rural areas.
(seafood.vasep.com.vn) According to Vietnam Customs, the country’s pangasius exports regained growth momentum in February 2025. Export value reached USD 150 million, marking a 66% increase compared to February 2024. Cumulative pangasius export revenue for the first two months of the year totaled USD 284 million, up 11% year-on-year.
Minh Phu Seafood Corp, one of the leading enterprises in shrimp processing and export, is actively promoting cooperation with shrimp farmers to develop the shrimp industry in Ca Mau.
(seafood.vasep.com.vn) In 2024, Vietnam’s tuna exports to the Middle East continued their impressive growth, rising by 28% compared to 2023. The Middle East is now emerging as one of Vietnam’s top four tuna export markets.
(seafood.vasep.com.vn) Recently, the price of Pangasius in the Mekong Delta has increased significantly, making fishermen very excited. However, looking at the overall picture of this industry, the rise in Pangasius prices is not just an opportunity, but also comes with many challenges.
(seafood.vasep.com.vn) Dishes made from fish, especially pangasius, have become common and are found in nearly all restaurants, hotels, and banquets in Pakistan.
Looking back at the period from 2022 to 2024, crab exports to China have shown significant fluctuations. In 2022, China imported over 62 million USD worth of crabs, averaging 5-9 million USD per month, indicating a stable import demand from China. However, in 2023, exports sharply dropped to 13.3 million USD, averaging only 1-2 million USD per month, due to China's tighter quarantine controls and weakening consumption demand.
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
