According to the Ministry of Agriculture and Rural Development (MARD), in 2024, the brackish water shrimp farming area is estimated to reach 737,000 hectares (including 622,000 hectares for black tiger shrimp Penaeus monodon and 115,000 hectares for whiteleg shrimp Litopenaeus vannamei), with output reaching 1,264,300 metric tons, a 5.3% increase compared to 2023 (including black tiger shrimp output of 283,900 metric tons, a 3.2% increase, and whiteleg shrimp output of 980,400 metric tons, a 6% increase).
It is projected that in 2025, the brackish water shrimp farming area will reach 750,000 hectares, a 1.8% increase compared to 2024, and output will reach 1,290,000 metric tons, a 2% increase compared to the previous year.
Exports maintain growth momentum
Shrimp exports in 2024 maintained double-digit growth momentum, with exports to key markets such as the EU, China, and the US recording good growth. Demand for year-end festivities in the US and EU and demand for the Lunar New Year (Tet) in China contributed to increased orders from these markets.
Shrimp exports to Japan, although not increasing sharply, maintained positive growth momentum due to the stable exchange rate in the last quarter of the year and the recovery of the Yen.
In addition, exports to smaller markets such as Russia, Canada, Australia, the UK, and Taiwan also showed much potential in 2024.
The average export price of shrimp to various markets at the end of the year also showed positive signs. The average export price of whiteleg shrimp to the US in November 2024 reached the highest level since September 2023 (USD 10.4/kg). The export price of whiteleg shrimp to the EU has been increasing continuously since June 2024 and reached a high of USD 7.5/kg in November. The price of whiteleg shrimp exported to Japan also increased continuously from September 2024, reaching USD 9.2/kg in November. The export price of whiteleg shrimp to South Korea also reached an average price of USD 7.7/kg in November 2024, the highest level since September 2023.
The average export price of black tiger shrimp to Japan has been increasing continuously from September 2024 and reached a high of USD 13.8/kg in November. The export price of black tiger shrimp to South Korea also followed the same trend as Japan, reaching USD 11.4/kg in November 2024.
Domestic shrimp prices recovered at the end of the year, with a scarcity of raw shrimp supply. Major distribution systems around the world increased their search for supply from Vietnamese shrimp, although at higher prices, ensuring safety, leading to a significant increase in orders.
(seafood.vasep.com.vn) Shrimp exports in 2024 reached nearly USD 4 billion, a 14% increase compared to 2023. Reflecting on 2024, the shrimp industry demonstrated resilience and persistent effort in overcoming challenges, solidifying its strong position in exports.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
(seafood.vasep.com.vn) Shrimp exports for the first 11 months of 2024 brought in nearly 3.6 billion USD, up 22% compared to the same period last year. Exports to major consumption markets all recorded double-digit growth.
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
