Shrimp exports in 2012 hard hit US$2.4 billion

News 08:16 04/12/2012 Kim Thu
(vasep.com.vn) Till the end of the third quarter of 2012, Vietnam shrimp exports touched over US$1.62 billion. Vietnam’s shrimp sales abroad in 2012 are scheduled to obtain over US$2.2 billion, representing a drop of 8.3 percent less than the preceding year (US$2.4 billion).

In Q.III/2012, China and Australia strengthened to import shrimp from Vietnam. Outstanding problems exposing to shrimp production and export in Q.II/2012 continue to affect to shrimp sector in Q.III/2012. Japan’s Ethoxyquin testing blocked Vietnam shrimp export to the market in the third quarter this year. Shrimp exports to other two main markets (EU, the U.S., ) also saw decrease and stronger competition with shrimp originated from India and Indonesia.

Shrimp exports in the third quarter of 2012 reached US$610.2 million, showing a reduction of 3.9 percent less than the previous quarter and a drop of 15.2 percent less than the same period of 2011.

Shrimp shipment in Q.IV/2012 is expected to gain US$650 million, up 6.5 percent from that of Q.III (US$610 million) but down almost 8 percent from a year earlier as demand from some importers slows down.

Supply of raw shrimp will be sufficient and its price will increase

In the fourth quarter of 2012, the supply of raw shrimp (coming from domestic production and imports) will be sufficient for processing and exporting due to modest demand for year-end holidays from huge importing markets. The shrimp demand this year is lower than that of the previous years.

The price of raw shrimp will increase due to ending of the harvesting season in the fourth quarter and processors’ high demand of raw shrimp.

Shrimp shipment to main markets is expected to stand still

Shrimp export to Japan depends much on “Ethoxyquin problem”. If Vietnam shrimp exporters continue to cope with this problem, shrimp sales to Japan in Q.IV will find it hard to report a positive growth.

It is hoped that in Q.IV/2012, shrimp exports to the U.S. will hit US$127 million, an equal level to Q.III due to the U.S.’s high shrimp inventories and large volume of shrimp importing from India and Ecuador.

In the fourth quarter, demand for shrimp in EU market will hardly rebound. Although shrimp is European people’s favorite product in Christmas holiday, consuming demand for shrimp in the region, particularly countries in the southern Europe will be lower due to economic downturn.

In the third quarter, China reported the economic growth of 7.4 percent and the growth rate of 7.7 percent was seen in the first 9 months of 2012. According to economists, China’s economic growth in 2012 is expected to reach the rate of 7.5 percent. Thus shrimp exports to China will keep a positive growth in Q.IV.

In the last three months of this year, shrimp exports to Australia are expected to remain positive results owing to stable demand. Australia is considered as a potential market of Vietnam shrimp this year. 

Bạn đang đọc bài viết Shrimp exports in 2012 hard hit US$2.4 billion tại chuyên mục News của Hiệp hội VASEP

TIN MỚI CẬP NHẬT

30 years of Viet Nam - US seafood trade: From emerging market to strategic export pillar

 |  08:53 19/12/2025

(seafood.vasep.com.vn) The year 2025 marks the 30th anniversary of the normalization of diplomatic relations between Vietnam and the United States (1995–2025). In parallel with the nation's progress in international economic integration, bilateral seafood trade has followed a remarkably impressive growth trajectory, expanding from an initial scale of just tens of millions of US dollars to nearly $2 billion annually. This growth has positioned the United States as Vietnam’s largest seafood export market for many consecutive years.

VASEP calls on its member enterprises to strengthen efforts to combat IUU fishing and to work alongside the Government in lifting the EC yellow card

 |  09:43 17/12/2025

(seafood.vasep.com.vn) On December 12, 2025, the Vietnam Association of Seafood Processing and Export (VASEP) issued document 231/CV-VASEP regarding strengthening measures to combat IUU fishing and working with the Government to lift the EC's IUU yellow card warning.

Vietnam’s tilapia makes its mark thanks to sustainability and nutritional value

 |  09:26 12/12/2025

(seafood.vasep.com.vn) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.

Vietnam’s seafood exports in 2025 are heading towards the USD 11 billion mark

 |  08:50 10/12/2025

(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.

Vietnam’s tuna on the brink of 0% tariffs in the U.S: Breakthrough potential but significant challenges remain

 |  08:37 08/12/2025

(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.

Solutions to promote Ca Mau crab exports

 |  09:16 04/12/2025

(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.

Japanese market expands its demand for Vietnamese pangasius

 |  09:16 03/12/2025

(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.

Ca Mau expands RAS-IMTA shrimp farming model to 1,500 hectares

 |  09:16 01/12/2025

(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.

Sa Giang plans to double its charter capital, raising 465 billion VND to invest in Hoan Ngoc Food.

 |  15:21 27/11/2025

(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.

Vietnam’s tilapia industry accelerates: From short-term opportunities to long-term strategy

 |  09:19 27/11/2025

(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.

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

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC