In Q.II/2014, EU was the strongest growing market among the top 10 markets for Vietnam shrimp. Shrimp exports to EU in the quarter reached over US$175.4 million, increasing 115.8 percent year on year. In 2014, EU is considered as an important importing market with high growth in shrimp imports from Vietnam since the beginning of the year.
Shrimp consumption in many EU countries improved significantly thanks to regional economic recovery after severe crisis in 2012 and the first half of 2013. Besides, shortage of global shrimp supply caused by early mortality syndrome (EMS) also helps Vietnam increase its shrimp exports to the market. Shrimp exports to EU in the second half of 2014 is forecast to be continously positive.
Shrimp exports to the U.S. in Q.II/2014 reported a strong growth, however, compared with QI/2014, it increased by only nearly one third. This is due to shrimp harvest season in Ecuador. Imports from Vietnam, therefore, reduced.
Shrimp exports to the U.S. through June 2014 was over US$527.7 million, up 109.2 percent year on year, surpassing two leading markets of EU and Japan. Vietnam shrimp exported to the U.S. in second half of 2014 might not achieve high growth due to greater competition from other suppliers.
The second quarter of 2014 saw a significant reduction in shrimp exports to Japan because of Japan’s antibiotics oxytetracycline (OTC) inspection on all shrimps imported from Vietnam since mid March 2014. Accordingly, Japan was downgraded to the third position in importing Vietnam shrimp behind the U.S. and EU. Shrimp exports to Japan will continue to be gloomy if OTC problem is not solved.
Tensions over the East Sea between Vietnam and China accelerated as China illegally deployed its oil rig in the exclusive economic zone of Vietnam from last May. However, shrimp exports to the market was unlikely to suffer. China is still the 4th largest consumer market for Vietnam shrimp and it is expected that Vietnam shrimp exporters will continue to boost their shrimp exports to the market in QII/2014.
|
Vietnam shrimp exports to major markets (Value: US$mil.) |
||||||
|
Top 10 markets |
QI/2014 |
Compared to the same period of 2013 (%) |
QII/2014 |
Compared to the same period of 2013 (%) |
Jan-Jun, 2014 |
Compared to the same period of 2013 (%) |
|
The U.S. |
263.394 |
+200.2 |
264.314 |
+60.6 |
527.707 |
+109.2 |
|
Japan |
143.274 |
+33.3 |
167.899 |
-10.0 |
311.173 |
+5.9 |
|
EU |
111.993 |
+97.9 |
175.476 |
+115.8 |
287.470 |
+108.5 |
|
Germany |
27.293 |
+93.7 |
35.127 |
+90.2 |
62.419 |
+91.7 |
|
Netherland |
12.061 |
+81.4 |
43.111 |
+500.4 |
55.172 |
+299.0 |
|
France |
18.606 |
+125.6 |
24.026 |
+63.7 |
42.632 |
+86.0 |
|
China |
77.568 |
+26.1 |
135.357 |
+58.4 |
212.926 |
+44.9 |
|
Hongkong |
19.684 |
+50.8 |
24.612 |
+60.0 |
44.296 |
+55.8 |
|
South Korea |
63.790 |
+162.6 |
74.337 |
+93.7 |
138.128 |
+120.4 |
|
Australia |
37.904 |
+85.9 |
31.052 |
+28.4 |
68.956 |
+54.7 |
|
Canada |
26.372 |
+86.3 |
35.513 |
+38.0 |
61.886 |
+55.1 |
|
Taiwan |
12.620 |
-6.4 |
29.974 |
+46.4 |
42.594 |
+25.5 |
|
Switzerland |
15.363 |
+79.9 |
23.790 |
+112.9 |
39.153 |
+98.6 |
|
ASEAN |
12.341 |
+52.6 |
15.427 |
+34.4 |
27.768 |
+41.9 |
|
Singapore |
6.566 |
+20.1 |
9.386 |
+26.3 |
15.951 |
+23.7 |
|
Philipines |
2.905 |
+123.5 |
3.505 |
+42.1 |
6.410 |
+70.2 |
|
Others |
33.519 |
+49.2 |
39.614 |
+37.0 |
73.133 |
+42.3 |
|
Total |
798.139 |
+87.9 |
992.753 |
+46.4 |
1.790.892 |
+62.4 |
(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
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