World production of farmed shrimp fell to 2.5 million tonnes in 2011, nearly 20 percent less than 2010, because of supply shortfalls in Asia. With the new Asian 2012 season starting in April and May, supply is forecast to recover and prices to soften somewhat.
The market for shrimp however, should stay firm. In the United States, improved retail demand contributed to a marginal rise in imports. The, cold weather and the weak economy in early 2012 had a negative impact on European shrimp consumption although prices remained stable during the first quarter of 2012. EU imports dipped 1.2 percent to 610 000 tonnes, although Spain, Italy and the UK increased imports.
Asian markets were mixed with strong growth in the Republic of Korea and Malaysia and with Thailand and Viet Nam importing more for the processing industry. On the other hand, imports of frozen shrimp declined in China and Hong Kong. Domestic demand for fresh shrimp increased in some of the producing countries, including India. Supported by the strong yen and high demand for prepared shrimp products, Japan’s shrimp imports rose 1.6 percent last year to 285 300 tonnes, while in China, 2011 shrimp imports of 53 000 tonnes represented a 7.8 percent decrease from 2010.
In the coming months, more farmed vannamei is expected from Thailand, India and Viet Nam. Thai production in 2012 is forecast to increase to 700 000 tonnes whereas Indian production of black tiger may decline 40–50 percent to 60 000–70 000 tonnes. Indian vannamei producers, on the contrary, could reach 100 000 tonnes, a more than 30 percent increase from 2011. Supplies of vannamei are also expected to increase from Viet Nam, and the anticipated higher production will certainly put pressure on prices, particularly of medium-size product.
Main Shrimp Importing Markets
SHELLFISH AND CANNED MOLLUSC
Companies exporting molluscs to the EU experienced a successful year in 2011, as many consumers opted for frozen products, which cost less.
Mussels. Mussel imports to the EU increased by 9.6 percent to 208 000 tonnes in 2011, the highest in six years. Imports were particularly strong in Italy, Netherlands and Spain, which accounted for 58 300 tonnes, 46 700 tonnes and 34 200 tonnes, respectively. Spanish import volumes of Chilean mussels rose by 70 percent in 2011, reaching 18 200 tonnes. Spain now buys a third of all Chilean mussel exports.
Oysters. Oysters are still desired in most countries despite high prices. As oyster production in Europe has declined, prices have risen significantly. France, the main producer, saw its 2011 exports fall by 18 percent to 8 000 tonnes, the lowest level since 2008. New producers have now entered the market, including Mexico and Morocco.
Scallops. European scallop imports continued to grow in 2011, reaching 59 000 tonnes in 2011, valued at USD 770 million, with Peru and Argentina the biggest suppliers. Imports are dominated by France, the biggest market in Europe, followed by Spain, Belgium and Germany.
Shrimp Imports by Product (Japan)
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
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