Position of Vietnam shrimp in the world market in 2012

News 08:12 04/02/2013 502
(vasep.com.vn) Shrimp exports in 2012 brought Vietnam about over US$2.23 billion. Although failing to reach the set target, the achievement affirmed the quality of Vietnam shrimp and its supply in the world market in a thorny year as 2012.

During the past decades, the U.S., EU and Japan are three largest shrimp importers in the world. In 2011, the estimated total value of the global shrimp industry was about US$15 billion, accounting for 18 percent of total global seafood exports in which shrimp imports of these three markets reached nearly US$12.5 billion.

The U.S. is the leading consumer with imported volume 583,972 MT, worth by US$5.341 billion; followed by EU with 551,642 MT worth US$4.076 billion; Japan ranked the third with 281,720 MT, valued at US$3.02 billion.

In 2011, in terms of value, Vietnam was considered as the fifth largest supplier of shrimp to the U.S.; kept the second largest position in Japan market and in the top five exporters to EU.  

Remaining the 5th rank in the U.S. market

According to United States Department of Agriculture (USDA), shrimp imports into U.S. in the first eleven months of 2012 reached over US$4 billion. Vietnam maintained its 5th position on shrimp supply to the market with the value of US$409.3 million, accounting for over 10 percent of the total value. Thailand took the lead in import value of over US$1 billion, accounting for 26.7 percent. 

As of Dec 15th 2012, Vietnam’s shrimp exports to the U.S. touched US$592.2 million, increasing 8.7 percent compared to the same period of 2011.

Top 10 shrimp suppliers to the U.S., Jan-Nov 2012, US$ thousand

No.

Origin

2011

2012

Variation (%)

Total

4,688,719

4,036,983

-14

1

Thailand

1,552,807

1,081,415

-30

2

Indonesia

638,560

601,316

-6

3

Ecuador

479,526

508,009

+6

4

India

487,938

511,432

+5

5

Vietnam

476,321

409,395

-14

6

Mexico

258,099

234,073

-9

7

China

258,375

205,441

-20

8

Malaysia

186,666

156,453

-16

9

Peru

57,277

56,651

-1

10

Honduras

62,253

48,824

-22

Remaining the 2nd position in Japan market

In 2012, despite Ethoxyquin barrier in Japan, Vietnam maintained the 2nd position in term of shrimp supply to the market, after Thailand

Since the late May 2012, Japan started to inspect Ethoxyquin residues on Vietnam shrimp which sharply slashed Vietnam’s shrimp exports  to the market. Vietnam still remained the 2nd position in Japan market thanks to sharp increase in exports of the first 5 months of the year.

In Jan-Nov 2012, Japan purchased over US$517.7 million of Vietnam shrimp, occupying 21 percent of total shrimp imports into the market.

Top 10 shrimp suppliers to Japan, Jan-Nov 2012, US$ thousand

No.

Total imports from the world

Processed shrimp

Raw shrimp

Total

728,433

1,726,658

2,455,091

1

Thailand

424,779

306,115

730,894

2

Vietnam

152,750

365,019

517,769

3

Indonesia

54,045

348,646

402,691

4

India

7,690

223,009

230699

5

China

77,473

132,719

210,192

6

Argentina

 

90,651

90,651

7

Malaysia

544

58,081

58,625

8

Myanmar

2,209

54,072

56,281

9

Philippines

248

31,700

31,948

10

Australia

 

23,951

23,951

Dropping to the 8th position in EU

In 2011, Vietnam was the fifth shrimp exporter to the EU after Ecuador, Thailand, India and Argentina. However, Vietnam slid to the eighth place in the top ten shrimp suppliers  to the region in the first nine months of 2012.

Decline in shrimp imports from Vietnam to EU was mainly attributable to the sovereign debt crisis in EU negatively affected demand for shrimp consumption in the block.

According to Vietnam Customs, the country saw deep fall in shrimp export revenue to EU in the first months of 2012. Through the year to Dec 15th 2012, shrimp shipments to the EU reported US$297.6 million, dropping by 21.9 percent over the same period of 2011.

Top 10 shrimp suppliers to EU, Jan-Sep 2012, US$ thousand

No.

 

Total

Processed shrimp

Raw shrimp

Total

722,569

2,474,660

3,197,229

1

Ecuador

2,104

413,938

416,042

2

Thailand

118,546

152,331

270,877

3

India

7,594

257,997

265,591

4

Bangladesh

6,016

200,147

206,163

5

The Netherlands

51,099

152,073

203,172

6

Argentina

0

200,934

200,934

7

Canada

184,369

239

184,608

8

Vietnam

40,330

121,942

162,272

9

China

14,164

114,278

128,442

10

Spain

1,492

123,084

124,576

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