After the decline in the first 3 quarters of 2015, Vietnam's shrimp exports to China began to recover in the fourth quarter of 2015 and maintained continuous growth until August this year.
As of Aug 15th 2016, Vietnam shrimp exports to China reached US$263.7 million USD, an increase of 35.7% over the same period last year.
Through Aug 2016, shrimp exports in May reached the highest value from the other months. Compared to the same month of 2015, exports in Jun 2016 reported the highest growth of 99.2% from Jun 2015.
China is the largest market of Vietnam black tiger shrimp with the market share of 70%. In 2015, the proportion of Vietnamese black tiger shrimp exported to China doubled compared to that of whiteleg shrimp. China mainly imported frozen/live/fresh shrimp (HS 03) from Vietnam with the proportion of 95% of total shrimp exports by Vietnam to the market. In the first 6 months of this year, the export proportion of Vietnam’s black tiger shrimp was 1.6-fold higher than whiteleg shrimp.
According to the ITC, China’s shrimp imports reached 102,843 MT in 2015; worth by US$754.5 million; up 31.7% in volume and 36% in value. Ecuador was the main supplier of shrimp to China, accounting for 25% of the total shrimp import value into China. Vietnam ranked the 10th among major shrimp suppliers to China, accounting for 1.4%. China tends to increase importing shrimp to meet demand for shrimp processing and domestic consumption.
Ecuador was the main competitor of Vietnam in Chinese market. In 2015, Ecuador exported 50% of its shrimp production to China. In 2016, China is expected to remain as an important market of Ecuadorian exporters.
Vietnam’s shrimp exports to China have opportunities to grow thanks to large population, high demand for importing shrimp to process and reexport and domestic consumption. However, Vietnamese enterprises face some technical barriers to export to the market. Competent authorities of Vietnam are working with Chinese authorities to remove technical barriers and boost exports to the market.
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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