The decline was due to technical barriers from importing markets, lower demand from major markets. Besides, the supply of raw shrimp was limited due to the early crop, so the processing companies lack of raw material for processing.
Among total shrimp products for exports in Jan 2017, the proportion of whiteleg shrimp rose with 64%, that of black tiger shrimp downed (26.5%), marine shrimp with 9.5%. Frozen/live/fresh whiteleg shrimp (HS 03) was the product with the largest sales of US$68.6 million; processed whiteleg shrimp (HS 16) ranked the second with US$58.6 million.
Among total sales of whiteleg shrimp and black tiger shrimp in Jan 2017, the sales of other processed black tiger shrimp (HS 16) reported the deepest dive of 39.6%; sales of processed whiteleg shrimp (HS 16) reported the best growth of 5.3%.
Top 10 major markets included the EU, Japan, the US, China, South Korea, Canada, ASEAN, Australia, Taiwan and Switzerland, accounting for 94.8% of Vietnam’s total shrimp exports.
In Jan 2017, Vietnam shrimp exports to major markets like the US, China, Korea and Australia saw the decline in which exports to Australia reported the deepest dive of 45.5%. Sales to the US and China fell 27.3% and 33.8%, respectively.
In Jan 2017, the EU surpassed to take the lead in importing shrimp from Vietnam with the proportion of 21.9%. It was followed by Japan with 21.8%. The US ranked the third with 18.3% of the total shrimp exports by Vietnam to markets.
EU and Japan
Vietnam shrimp exports to the EU reported the highest growth of 17.1% with the sales of US$43.5 million. Exports to 3 main markets in the bloc reported the growth in which the Netherlands showed the strongest growth of 138.3%; to the UK and Belgium rose 19% and 15.1%, respectively.
Since Aug 2016, Vietnam shrimp exports to Japan reported continuous growth. In Jan 2017, shrimp exports to the market rose by 11% to reach US$43.4 million.
It is expected that Vietnam shrimp exports to the market will continue to rise.
Amid rising technical barriers from importing markets, Vietnam shrimp exports in Feb 2017 expected to fall slightly.
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.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
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.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(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
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
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