CPTPP markets
By the end of February 2021, the total value of shrimp exports to this market block reached US$ 128.8 million, up by 4.1% over the same period last year. In which, exports to Japan decreased by 7.1%, but exports to Australia increased sharply by nearly 51%; to Canada and Singapore raised up 1.5% and 3% respectively over the same period last year.
In 2020, due to the influence of Covid-19, Japan's shrimp imports fell sharply, especially tiger shrimp products. The value of Japanese shrimp imports from the three largest sources of Thailand, Vietnam and Indonesia also decreased or leveled off. This also had a significant impact on shrimp imports in the first 3 months of this year.
US and EU markets
In the first two months of 2021, the total value of shrimp exports to the US reached 73 million USD, down by 1.4% and to the EU reached 52.3 million USD, down by 3.6% over the same period last year. Earlier this year, falling prices in global shrimp was also a reason for the drop in export value to the US and EU. According to many large shrimp importers, the demand for processed shrimp products in American restaurants has started to increase again, so many Indian and Indonesian processed shrimp exporters have started to take advantage of the opportunity to send this product to America. Vietnamese frozen shrimp is also competing well in this market. However, after the service industry has rebounded in the US and EU, it is forecasted that retail consumption will decrease, maybe in the near future there will be a shortage of shrimp products in the US, EU or UK, then shrimp imports will increase.
Russia
In the first two months of this year, Russia was the remarkable market as Vietnam's shrimp export value to this market increased by 107.4% over the same period last year, reaching $5.3 million. Although compared to other major export markets, this value is still modest, but this breakthrough growth is also a suggestion for businesses who want to change their market.
It can be seen that in the first two months of 2021, Vietnam's shrimp export value to many major markets decreased compared to the same period last year. However, reviewing the demands and the economic situation of major markets that are recovering, shrimp exporting enterprises can completely believe that Vietnam shrimp exports in the upcoming time will grow again positively.
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.
In January 2025, Vietnam's shrimp exports to the UK reached over 16 million USD, an 8% increase compared to the same period last year. The UK is the sixth-largest individual market for Vietnam’s shrimp imports, accounting for 5.5% of the total shrimp exports to various markets. Shrimp also holds the largest share (70%) in Vietnam’s total seafood exports to the UK.
Nguyễn Đức Bình, vice director of Quảng Ngãi Province's Department of Agriculture and Rural Development, said that 4,259 out of 5,194 fishing boats (82 per cent) had registered for operations at sea.
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
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