According to data from the US Department of Agriculture, breaded shrimp exports from Vietnam to the US in the first 5 months of 2019 reached 4,281 tons, worth 30.9 million, up 53% in volume and 48% in value compared to the same period in 2018. In the context of shrimp exports to the US declined from the beginning of the year, the growth rate of this product can be considered a positive sign.
In the first 5 months of 2019, US breaded shrimp imports reached 17,748 tons, worth US$124.3 million, down 1% in volume and be equivalent in value over the same period in 2018. China, Thailand and Vietnam were the three main suppliers of breaded shrimp for the US, accounting for 31%, 26%, and 25% of the total import value of US breaded shrimp respectively.
As of May May, 2019, China exported 6,839 tons of breaded shrimp to the US, worth US$38.3 million, down 33% in volume and 36% in value over the same period in 2018. Meanwhile, export of Thai breaded shrimp to the US reached 3,545 tons, worth 32.6 million, up 62% in volume and 49% in value over the same period in 2018.
Of the three main suppliers of breaded shrimp for the US, China is subject to a 25% tax as the United States imposes US $ 200 billion of Chinese goods in May 2019, leading to a dramatic drop in the production of breaded shrimp to the US. The US's importers are looking for other suppliers to replace China.
In terms of Thailand's competitiveness in the US market for breaded shrimp products, Thailand has difficulty competing with China due to high production costs. The export price of Thai breaded shrimp is always higher than that of China and Vietnam. In the first 5 months of 2019, the average export price of breaded shrimp from Thailand reached US$9.2/kg while these of from China and Vietnam reached US$5.6/kg and 7.2 US$/kg, respectively.
In order to gain market share from China and Thailand, Vietnam needs to invest in production lines, producing products with competitive prices. China currently dominates the US market for breaded shrimp products thanks to the low cost of producing products, providing goods to the US at the most competitive price compared to rival suppliers.
In the context of traditional Vietnamese shrimp products exports (such as IQF goods) to the US had to compete firecely with other rival such as India (with cheap price advantage) and Indonesia (not subject to anti-dumping tax). Along with breaded shrimp is considered as a good value-added product with high profit margin, focusing on breaded shrimp exports to the US can be a reasonable plan for Vietnamese enterprises in the time to come.
|
Breaded shrimp (HS 1605211020) imports of the US (Value: USD thousand, Volume: MT tone) |
||||||||
|
Suppliers |
2018 |
Jan-May/2018 |
Jan-May/2019 |
Variation (%) |
||||
|
Value |
Volume |
Value |
Volume |
Value |
Volume |
Value |
Volume |
|
|
Total |
359,998 |
52,247 |
124,799 |
17,897 |
124,337 |
17,748 |
-- |
-1 |
|
China |
181,198 |
30,989 |
59,682 |
10,162 |
38,269 |
6,839 |
-36 |
-33 |
|
Thailand |
70,303 |
7,092 |
21,915 |
2,192 |
32,589 |
3,545 |
49 |
62 |
|
Vietnam |
55,214 |
7,510 |
20,830 |
2,793 |
30,853 |
4,281 |
48 |
53 |
|
Indonesia |
30,248 |
3,728 |
14,228 |
1,723 |
13,390 |
1,891 |
-6 |
10 |
|
Ecuador |
17,569 |
2,240 |
7,493 |
948 |
4,391 |
570 |
-41 |
-40 |
|
Guatemala |
4,170 |
536 |
174 |
26.7 |
2,578 |
329 |
1,386 |
1,134 |
|
Argentina |
563 |
44.5 |
229 |
15.3 |
761 |
52.9 |
233 |
246 |
|
Others |
733 |
105.5 |
249 |
34.8 |
1,507 |
238 |
505 |
584 |
|
(Source: FAS.USDA) |
||||||||
(seafood.vasep.com.vn) By the end of 2025, Vietnam’s seafood industry had left a strong mark with export turnover reaching nearly $11.3 billion, up 12.4% year-on-year. This robust performance reflects not only a rebound in global consumption demand but also the agile adaptation of domestic firms in navigating increasingly stringent trade barriers.
(seafood.vasep.com.vn) According to the 2025 review and 2026 outlook conference held by the Directorate of Fisheries and Fisheries Surveillance on the afternoon of January 7, Vietnam’s seafood sector has set a total production target of over 10 million tons in 2026, representing a 0.6% increase year-on-year. Of this total, capture fisheries are projected at around 3.75 million tons (down 2.1%), while aquaculture output is expected to reach 6.25 million tonnes (up 2.2%) compared with 2025.
(seafood.vasep.com.vn) Sao Ta Food JSC (Fimex, Ticker: FMC) has announced its 2025 business results, reporting revenue of over $300 million (approximately 7.8 trillion VND), representing a 19.8% increase year-on-year; projected profit is expected to reach approximately 420 billion VND.
(seafood.vasep.com.vn) Vietnam’s fisheries sector concluded 2025 with landmark achievements: export turnover reached a record high, despite heightened volatility in global trade and increasingly stringent barriers from major markets, most notably the United States. Amid a mix of opportunities and challenges, the fisheries sector also witnessed important policy shifts. Together, these developments form a multifaceted picture of an industry proactively adapting and restructuring toward a trajectory of sustainable development.
(seafoos.vasep.com.vn) According to the Department of Agriculture and Environment of Vinh Long, the province’s shrimp farming area reached 69,800 hectares in 2025, including 7,500 hectares under high-tech farming models, 18,820 tons of black tiger shrimp and 293,000 tons of whiteleg shrimp.
(seafood.vasep.com.vn) Building on a robust growth momentum in 2025, Nghe An province has set a strategic goal to reach a total fisheries output of 270,000 tons by 2026, reinforcing its position as a key hub for aquaculture and exploitation.
(seafood.vasep.com.vn) Can Tho City statistics indicate that in 2025, following the merger of three former administrative entities - Can Tho, Hau Giang and Soc Trang - fisheries output in 2025 increased by 6.23% compared with 2024 with aquaculture production nearly 9.1 times higher than capture fisheries.
(seafood.vasep.com.vn) According to the Ca Mau Department of Agriculture and Rural Development, Ca Mau province has achieved significant, comprehensive and substantive progress in combating IUU fishing in 2025, successfully fulfilling all tasks directed by the central government and strengthening fisheries governance. These efforts have established a solid foundation for the nationwide effort to lift the EC’s "yellow card" warning.
(seafood.vasep.com.vn) Ca Mau has exceeded its 2025 production targets, reaching nearly 595,000 tons of shrimp. This milestone reinforces the province’s position as Vietnam’s leading shrimp producer and a bright spot in the country’s seafood sector.
(seafood.vasep.com.vn) According to Vietnam Customs data, cumulative shrimp exports from the beginning of the year through November reached $4.3 billion, up 21% year-on-year, continuing to serve as the primary growth driver of the entire seafood sector. In November alone, export turnover amounted to $393 million, up 14%.
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