The tightening trade via unofficiall route and strict quality control of China have affected to shrimp exports to this market in the first months of 2019. Besides, China increased sharply shrimp imports from Ecuador and India, resulting in not increasing shrimp imports from Vietnam in the first months of 2019.
Since May 2019, demand for shrimp imports from Vietnam of China has been increasing. Moreover, businesses had also caught up with market requirements and had a better adjustment. Hence, Vietnamese shrimp exports to this market have achieved the positive growth.
According to Chinese Customs data, in August 2019, China imported 63,000 MT of frozen warm water shrimp, worth US $ 372 million. In the first eight months of 2019, China imported 378,000 MT, worth US $ 2.29 billion of frozen warm water shrimp, up 234% in volume and 185% in value over the same period in 2018.
Shrimp imports of China in the first 8 months of 2019 rose sharply as Chinese importers boost imports to process and serve domestic consumption and re-export during the Lunar New Year.
Ecuador was China's largest supplier of frozen warm water shrimp, accounting for about 50% of total shrimp imports into China. Followed by India, accounting for 25% and Saudi Arabia was the third largest supplier of frozen warm water shrimp for China, accounting for 7%. Shrimp imports into China from Ecuador and India in the first 8 months of 2019 lifted from 200 to 300% over the same period in 2018.
Demand for shrimp imports into China from Ecuador has been increasing. In 2014, Ecuador exported 30% of its total shrimp exports to China, equivalent to 68,603 MT, worth US $ 584 million. In 2018, Ecuadorian shrimp exports to China accounted for 61% of Ecuador's total shrimp exports, equivalent to 281,718 MT, worth US$1.66 billion.
Shrimp imports into China from Ecuador in August alone reached 36,500 MT and that of in the first 8 months of 2019 reached 187,000 MT.
Recently, 5 Ecuadorian companies were temporarily banned from exporting shrimp to China due to concerns that the shrimp disease from Ecuador could spread into the country. This incident also affected to Ecuadorian shrimp exports to China.
Shrimp imports into China from the second largest supplier- India reached 16,400 MT in August 2019 and reached 95,000 MT in the first 8 months of 2019.
Vietnam shrimp exports to China from now until the end of the year are expected to maintain positive growth momentum. Enterprises need to proactively update the new requirements and regulations of China and make appropriate adjustments to maintain exports to this market.
(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.
(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.
(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.
(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.
(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.
(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.
(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.
(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.
(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.
(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.
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