Shrimp exports to Australia have the best growth among major markets

News 07:56 07/11/2022
(seafood.vasep.com.vn) As of October 15, 2022, Vietnam's shrimp exports to Australia reached nearly $214 million, up 62% over the same period in 2021. This is the highest growth rate among the top main shrimp import markets of Vietnam.

Australia is Vietnam's second largest shrimp import market in the CPTPP market, accounting for 21% of Vietnam's total shrimp export value to this bloc. Australia is also the 5th largest Vietnamese shrimp import market, accounting for 6%. Vietnam's shrimp exports to Australia in the first 9 months of 2022 continuously increased by double digits compared to the same period last year.

Australia prefers processed shrimp products, processed shrimp accounts for 40% of Vietnam's shrimp exports to Australia.

On August 19, 2022, the Australian Department of Agriculture, Fisheries and Forestry announced the addition of breaded, battered, or crumbed (BBC) shrimp and highly processed (HP) on the list of items eligible for incentives under the Incentive Intervention Program (CBIS) - A preferential mechanism for plant goods imported into Australia to enjoy a lower rate of biosecurity inspection. This loosened regulation is expected to help boost the export of processed shrimp from Vietnam to Australia from now until the end of the year.

Vietnamese shrimp share in the Australian market is increasing

The main shrimp products of Vietnam currently being exported to Australia include boiled, headless and tailless frozen whiteleg shrimp; Frozen fresh PD headless and tailless whiteleg shrimp, frozen fresh PDTO headless shrimp, frozen PD IQF whiteleg shrimp, etc.

According to data from the ITC, Australia's shrimp imports in the first 7 months of 2022 also recorded good growth with import value reaching nearly 234 million USD, up 29% over the same period last year. Shrimp imports  from Vietnam recorded the best growth of 51%. Australia tends to reduce imports from Thailand and China - the main competitors of Vietnamese shrimp in this market. China's shrimp production faced difficulties, output decreased due to the zero covid policy causing China's shrimp exports to Australia to decrease. Australia imports a lot of deep-processed shrimp products while Thailand's processing level is not as high as that of Vietnam.

Australia is a difficult market with strict regulations on imported goods to protect food safety regulations. Enterprises that want to export in this market must actively improve the production process and quality of products.

Although inflation in Australia is high, it is still under the control of the Government. The Australian economy is forecast to be able to avoid a recession this year. Along with support from the RCEP and CPTPP Agreements that Vietnam and Australia have joined, Australia is still considered a potential market for Vietnamese shrimp in the near future.

Top 10 shrimp exporter to Australia, Jan-Sep/2022

No

Company

Proportion (%)

1

CASES

17.7

2

Minh Phu Seafood Corporation

15.5

3

Minh Phu Hau Giang Seafood JSC

14.6

4

O&H LOONG PTY LTD

6.0

5

VIET SHRIMP CORPORATION

5.9

6

SEAVINA JSC

5.5

7

TAC VAN SEAFOODS CO,. Ltd

4.6

8

Fimex VN

4.4

9

KHANH SUNG SEAFOOD

3.9

10

NGOC TRI SEAFOOD COMPANY

2.6

Compiled by Thuy Linh 

Bạn đang đọc bài viết Shrimp exports to Australia have the best growth among major markets tại chuyên mục News của Hiệp hội VASEP
australian market vietnamese shrimp exports to australia

TIN MỚI CẬP NHẬT

The US has a new president: what impact will it have on Vietnam’s pangasius export?

 |  08:55 21/11/2024

(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.

CEPA opens new doors for Vietnamese shrimp exports to the UAE

 |  08:54 19/11/2024

(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.

Sao Ta Foods’ October sales reach $23.25 million

 |  12:26 15/11/2024

(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.

Ecological shrimp farming under mangrove forests in Ca Mau yields high efficiency

 |  08:42 13/11/2024

(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.

Vietnam’s tuna industry seizes “golden opportunity” to boost exports to the UAE

 |  09:05 11/11/2024

(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.

Vietnam seafood exports in October 2024 return to $1 billion mark

 |  11:00 07/11/2024

(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.

Dong Thap Pangasius festival scheduled on November 16-17, 2024

 |  11:20 06/11/2024

(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.

Kien Giang Province: Promoting biosafety rice-shrimp production

 |  09:02 05/11/2024

(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.

Ca Mau province: Shrimp output reaches 208,495 tons as of October 17

 |  08:44 04/11/2024

(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.

Pangasius exports to Iraq reach 3-year high

 |  09:14 01/11/2024

(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.

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