Shrimp exports to China & HK have a double-digit growth in QIII/2023

News 14:28 13/11/2023
(seafood.vasep.com.vn) In the first 9 months of 2023, Vietnam’s shrimp exports to China & Hong Kong reached 454 million USD, down 6%. In QIII/2023 alone, shrimp exports to this market reached more than 173 million USD, up 15% over the same period. In QI and QII, exports to this market decreased by 31% and 8% respectively compared to the same period last year.

In the three months of June - August, shrimp exports to China & HK had a positive growth. After QII, demand for shrimp imports from the Chinese market increased because the market stabilized after Covid-19 prevention restrictions. In QI/2023, Ecuador’s exports to China increased sharply, therefore, supply from Ecuador to China decreased in the period after QII. As a result, China increased imports from Vietnam. 

In September 2023, Vietnam's shrimp exports to China reversed and decreased by 13%. After the long holiday period including the Mid-Autumn Festival and National Day in China, shrimp demand declined sharply. China had a high inventory due to importing a lot of shrimp from Ecuador previously. Companies hold inventory and do not want to reduce prices to release stock. The nuclear wastewater discharge event from Japan is also said to have an impact on seafood consumption demand in general, including shrimp in the Chinese market. 

Regarding the structure of export products, whiteleg shrimp accounted for 53.2%, black tiger shrimp accounted for 22.7%, and the rest were other shrimp. In QIII/2023, exports of whiteleg shrimp and black tiger shrimp to China & HK increased by 14% and 22% respectively compared to the same period in 2022. Exports of live/fresh/frozen black tiger shrimp had the strongest increase of 22%, exports of frozen raw whiteleg shrimp and processed whiteleg shrimp increased by 14% and 16%, respectively. For other shrimp, exports of other dried shrimp increased sharply by 3 digits, at 661%. 

In QIII/2023, the average price of frozen whiteleg shrimp exported to China ranged from 4,9 - 7,9 USD/kg. While the average price of frozen black tiger shrimp ranged from 8,2-13,8 USD/kg. 

The purchasing price of Chinese importers is low because many suppliers are targeting this market. However, China is still an important market for Vietnamese shrimp, especially in the context of China’s ban on seafood imports from Japan. According to China Customs, accumulated in the first 8 months of the year, China's shrimp imports reached 675.556 tons, worth 3,74 billion USD, up 29% in volume and 10% in value compared to the same period last year. 

Regarding volume, Ecuador continued to be the top supplier to China, accounting for 72% of China's total imports, followed by India with 13% and Argentina with 3%. The remaining 12% come from countries such as Thailand and Saudi Arabia. Experts predicted that China's shrimp imports this year could reach approximately 1 million tons. 

After the ban on seafood imports from Japan, many foreign suppliers expected new opportunities in China. However, Chinese businesses are also looking for alternative products from domestic supply. 

China's shrimp market consists of two separate segments. One is for live shrimp, mainly consumed at public markets in China. The other is frozen HOSO and value-added shrimp, consumed through distributors, food services, retail supermarkets and e-commerce channels. 

According to experts, both imported shrimp and domestic shrimp have the opportunity in both market segments as long as the Chinese economy recovers stably, and consumers have the financial capacity. 

The Chinese government is stimulating shrimp consumption in tier 2 and tier 3 cities, creating opportunities for domestic fresh RAS shrimp to attract more customers. Chinese consumers love fresh shrimp, and they are willing to pay higher prices for this product. Experts advise foreign suppliers to develop the frozen HOSO and value-added shrimp markets instead of competing with Chinese domestic shrimp in the fresh product segment.

Bạn đang đọc bài viết Shrimp exports to China & HK have a double-digit growth in QIII/2023 tại chuyên mục News của Hiệp hội VASEP

TIN MỚI CẬP NHẬT

Vietnamese tuna exports seek momentum from growth markets

 |  09:00 25/05/2026

(vasep.com.vn) Vietnam’s tuna exports reached USD 81 million in April 2026, down 6% compared to the same period in 2025. In the first four months of the year, export turnover totaled USD 289 million, down 4.8%. Although the overall export picture has yet to brighten significantly, market trends are becoming increasingly diversified rather than moving in a single direction.

Pangasius industry restructures from broodstock to enhance competitiveness

 |  08:59 23/05/2026

(seafood.vasep.com.vn) Vietnam’s pangasius industry is undergoing strong restructuring starting from the broodstock and fingerling segment in order to improve productivity, quality, and export competitiveness. This is considered a critical foundation for the sustainable development of the industry amid rising production costs and increasingly stringent market requirements.

Pangasius exports in April 2026 rise 18%, U.S. market shows signs of recovery

 |  08:21 21/05/2026

(seafood.vasep.com.vn) According to Vietnam Customs data, pangasius exports in April 2026 reached USD 206 million, up 18% compared to the same period in 2025 — marking another consecutive month of double-digit growth since the beginning of the year. Cumulative pangasius export turnover in the first four months of 2026 reached USD 720 million, up 17% year-on-year, reflecting the positive growth momentum of this key export product.

Shrimp exports in the first four months of 2026: Stable demand from Asia, rising pressure from the US market

 |  08:55 19/05/2026

(seafood.vasep.com.vn) Vietnam’s shrimp exports in the first four months of 2026 maintained positive growth momentum, reaching approximately USD 1.5 billion, up 15% compared to the same period last year. However, behind this result lies diverging trends across markets, as the global shrimp industry continues to face pressure from inflation, high inventories, price competition, and increasing trade risks.

Vinh Tuy (Kien Giang): Bottom aeration system improves shrimp farming efficiency

 |  08:36 15/05/2026

(seafood.vasep.com.vn) In Vinh Tuy commune (Kien Giang Province), many shrimp farmers are adopting bottom aeration systems and reporting clear economic benefits, helping increase income and reduce production risks.

Vietnam’s crab exports in Q1/2026: Strong growth, but caution remains necessary

 |  08:59 14/05/2026

(vasep.com.vn) In the first three months of 2026, Vietnam’s exports of crabs and other crustaceans reached more than USD 93 million, up 23% compared to the same period last year. The result shows that the sector is experiencing a fairly positive recovery, especially in its two key product groups: crabs and swimming crabs. However, behind the growth figures are several concerns: export markets remain highly concentrated, raw material supply is unstable, and trade barriers from the US and EU are becoming increasingly stringent.

Ca Mau shifts strongly toward high-tech shrimp farming

 |  08:34 13/05/2026

(seafood.vasep.com.vn) In Ca Mau province, many farmers are transitioning from traditional methods to high-tech shrimp farming, adopting recirculating systems with minimal water exchange to improve efficiency and reduce risks. In Hung My commune alone, there are about 260 super-intensive shrimp farming households covering more than 265 hectares, playing a key role in local economic development.

Amid competitive pressure, fish cake and surimi exports still have growth opportunities

 |  09:08 09/05/2026

(seafood.vasep.com.vn) In the first three months of 2026, Vietnam’s exports of fish cake and surimi reached USD 63 million, down 5% compared to the same period last year. Although total export value declined slightly due to decreases in some key markets, many other destinations continued to post strong growth, opening up room for this convenience-oriented processed segment in the coming quarters.

Fisheries in Quang Tri show positive results

 |  08:52 07/05/2026

(seafood.vasep.com.vn) Favorable weather conditions in the early months of 2026 have brought encouraging signs for fisheries activities in Quang Tri. Output has grown steadily, contributing to improved livelihoods for local residents.

What opportunities lie ahead for Vietnam’s seafood exports in 2026?

 |  16:45 05/05/2026

Entering 2026, Vietnam’s seafood industry is facing a period of both high expectations and mounting pressures. Following the positive recovery in 2025, production and export activities in Q1/2026 demonstrated the strong adaptability of Vietnam’s seafood business community amid continued global trade volatility, intensifying international competition, and increasingly stringent compliance requirements in import markets.

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