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.
(seafood.vasep.com.vn) Vinh Hoan Corporation (HOSE: VHC) continues to solidify its position as the leader in Vietnam's pangasius export industry with impressive business results in 2024 and positive prospects for 2025. Factors supporting growth, such as recovering demand, improved selling prices, and favorable international trade policies, make Vinh Hoan one of the top stocks to watch in investment portfolios for 2025.
Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.
On February 26, 2025, VinFast and the Vietnam Association of Seafood Exporters and Producers (VASEP) signed a comprehensive cooperation agreement to strongly promote green transformation goals. The collaboration between the two parties will contribute to the realization of the country’s sustainable development goals and help elevate the Vietnamese brand on the international market.
(seafood.vasep.com.vn) In 2024, the total brackish water shrimp farming area in Ca Mau reached 278,600 hectares, with a shrimp output of 242,000 tons. This output achieved 99.59% of the set target and marked a 4.57% increase compared to the same period last year. The average shrimp yield attained 869 kilograms per hectare per year, representing a 38 kilograms per hectare per year increase compared to 2023. Shrimp export turnover reached USD 1.12 billion, positioning Ca Mau amongst the nation's leading localities in this sector.
(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
(seafood.vasep.com.vn) In January 2025, the country's total seafood output was estimated at 594,100 tons, a 0.7% increase compared to the same period last year. Specifically, fish production reached 443,400 tons, up 0.7%; shrimp output was 56,300 tons, up 3.1%; and other seafood products totaled 94,400 tons, down 0.9%.
(seafood.vasep.com.vn) The industrial pangasius production in Vinh Long province in 2024 reached 95,100 tons, a 4% decrease compared to 2023. Despite the decline in production, positive trends in the final months of the year offer hope for improving economic efficiency in the near future. Additionally, the increase in the area for industrial pangasius farming and the maintenance of overall aquaculture area demonstrate the province’s efforts to sustain its production activities.
(seafood.vasep.com.vn) In January 2025, Vietnam's total seafood export value reached 774.3 million USD, a 3.3% increase compared to the same period in 2024. This is a positive result compared to January 2023, when the Lunar New Year fell at the end of the month, significantly impacting export outcomes.
(seafood.com.vn) In 2024, Vietnam exported shrimp to 107 markets, up from 102 in 2023. The top 5 major markets for Vietnam’s shrimp exports were China & Hong Kong, the U.S., Japan, the EU, and South Korea, accounting for 76% of the total shrimp export value.
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