In QII/2016, shrimp exports to the Netherlands reported the growth from 15.4% to 98.3%. Exports to the market in QII/2016 hit US$35.2 million; an increase of 50.6% over the same period in 2015. Thanks to the growth in QII, the Netherlands overtook Germany to become the largest importer of Vietnam shrimp in the EU. As of June 2016, shrimp exports to the Netherlands totaled US$49.8 million; up 26.3% over the same period in 2015.
The recovery in shrimp exports to the Netherlands in the early months of 2016 was attributable to higher demand and economic downturn boosted demand for white shrimp with reasonable price.
The Netherlands mainly imports white shrimp from Vietnam and the demand for the item tends to increase. In the first 6 months of 2015, among total shrimp exports to the Netherlands, white shrimp sales was 1.6-fold higher than black tiger shrimp. As of June this year, white shrimp sales were 2.1 times higher than black tiger shrimp.
In the first 6 months of this year, among total shrimp exports to the Netherlands, processed white shrimp (HS code 16) accounted for the highest proportion of 40%. Sales of the item in the period also reported the highest growth rate. Sales of the item to the Netherlands hit US$20 million; an increase of 74.6% over the same period last year. Processed black tiger shrimp exports (HS code 16) showed the deepest fall of 44.6%. Exports of others shrimp (except for white shrimp and black tiger) also fell by 13.3%.
According to the statistics of the International Trade Center (ITC), in the first 4 months of this year, shrimp imports into the Netherlands reached US$178.6 million, up 0.2% compared to the same period in 2015. Vietnam ranked the 3rd position in supplying shrimp to the market with the growth of 2.4% and the proportion of 10.1% of total shrimp import value into the Netherlands. India was the largest supplier, accounting for 23.7% of total shrimp imports, and rising 1.6%. As of April this year, among top 10 largest suppliers, shrimp imports from Germany into the Netherlands reported the most tremendous growth of 126.3%.
In addition, the Netherlands also imports shrimp from some regional countries (Belgium, UK, Germany and France). Asian suppliers (India, Indonesia and Thailand) were competitors of Vietnam in the Netherlands.
|
Shrimp products exported by Vietnam to Netherlands (US$) |
|||
|
Products |
Jan-Jun 2015 |
Jan-Jun 2016 |
Variations (%) |
|
Processed white shrimp (HS 16) |
11,449,019 |
19,984,466 |
74.6 |
|
Live/fresh/frozen white shrimp (HS 03) |
9,569,519 |
10,634,432 |
11.1 |
|
Other shrimp (HS 03 and HS 16) |
5,599,206 |
4,853,248 |
-13.3 |
|
Other processed black tiger shrimp (HS 16) |
3,047,350 |
1,688,574 |
-44.6 |
|
Live/fresh/frozen black tiger shrimp (HS 03) |
9,743,723 |
12,594,370 |
29.3 |
|
Total |
39,408,817 |
49,755,089 |
26.3 |
|
Shrimp imports into Netherlands (Unit: US$ thousand, Source:ITC) |
|||
|
Suppliers |
Jan-Apr 2015 |
Jan-Apr 2016 |
Variations (%) |
|
The world |
178,197 |
178,584 |
0.2 |
|
India |
41,587 |
42,253 |
1.6 |
|
Morocco |
30,454 |
23,245 |
-23.7 |
|
Vietnam |
17,708 |
18,129 |
2.4 |
|
Bangladesh |
21,036 |
15,636 |
-25.7 |
|
Belgium |
17,210 |
13,815 |
-19.7 |
|
Germany |
5,339 |
12,080 |
126.3 |
|
Indonesia |
12,949 |
9,894 |
-23.6 |
|
Ecuador |
8,525 |
5,719 |
-32.9 |
|
Nigeria |
8,530 |
8,326 |
-2.4 |
|
Denmark |
2,582 |
4,394 |
70.2 |
By Kim Thu
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
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The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
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While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
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(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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