The decline was because of low shrimp demand from the U.S. Sharp appreciation of US dollar against other currencies encouraged shrimp exporters to boost exporting to the U.S. which caused high pressure on Vietnam shrimp price. Shrimp demand of the US was quiet since Jan 2015 due to high inventory in 2014.
Shrimp price from Vietnam to the US declined by US$ 1.5 - 2/kg comparing to the same period in 2014.
It was revealed by National Marine Fisheries Service (NMFS) that shrimp import volumes into the United States were 8% up, to 268,402 MT in for the first half of the year, from 248,236 MT last year. Meanwhile, import value declined by 14.7%, from US$ 3.05 billion last year to US$ 2.6 billion this year. Average price decreased by 21%, from US$ 12.28/kg last year to US$ 9.68/kg this year.
In June alone, import volume was 8,531 MT, down 6.8% while value US$ 59.5 million, down 27%.
This can be explained by the control of early mortality syndrome (EMS). Hard-hit countries such as Thailand increased exports to ramp-up with other countries.
Imports from Thailand this year valued over 31,152 MT, up 18%. Those from India increased from 40,666 MT last year to 55,617 MT this year. And those from Indonesia increased to 59,009 MT this year. Imports from Ecuador decreased from 45,089 MT to 46,653 MT last year.
Shell-on shrimp imports into the US including easy peel climbed 9.4% in June 2015 and jumped 14.3% in the first 6 months of this year. In June 2015, imports of 31-40 were higher, those of 41-50 were lower. Imports of 16-20 count shrimp were up 101.5% y-o-y and 21-25 count shrimp were up 76.6%. Peeled imports, mostly from India, Indonesia, Ecuador and Thailand, were up 19.5% y-o-y and up 1.1% comparing to the result of first half of 2014. Imports of cooked shrimp were down 3% in H1 and those for breaded shrimp were up.
On 3 March 2015, US Department of Commerce (DOC) announced preliminary results of the ninth anti-dumping duty administrative reviews on certain frozen shrimp imported from Viet Nam. The period of review (POR) is 1 February 2013 through 31 January 2014. The average duty rate would be 0.93 percent, much lower than 6.37 percent of POR8. If these preliminary results are retained in the final results expected to be announced in July or August, Viet Nam shrimp exports to the U.S. in the second half of the year would be better.
TPP to be signed in the future will create a lot of advantages for Vietnam in the U.S. market on par with other suppliers which haven’t signed the similar agreement with the US.
Thanks to higher shrimp demand from the U.S. since late July and positive factors on shrimp supply and final result of POR9, Vietnam shrimp exports to the U.S. in the second half of the year is expected to recover from that of the first half of the year. However, the growth is slight because the value of USD is still high and strong competitiveness in shrimp price in the market. In the last 6 months of 2015, shrimp sales to the U.S. are expected to reach US$375 million, down 30 percent year on year. Predictably, shrimp sales to the market in 2015 will reach US$638 million, down 40 percent year on year.
|
Shrimp import price by the US (US$/kg) |
|||
|
Origin |
Jan-May 2014 |
Jan-May 2015 |
Variation (%) |
|
World |
12.52 |
9.99 |
-20.2 |
|
India |
13.47 |
10.19 |
-24.3 |
|
Indonesia |
13.87 |
10.33 |
-25.5 |
|
Vietnam |
14.59 |
11.92 |
-18.3 |
|
Ecuador |
10.57 |
7.72 |
-26.9 |
|
Thailand |
13.30 |
11.08 |
-16.7 |
|
Mexico |
18.37 |
15.52 |
-15.6 |
|
China |
8.99 |
6.91 |
-23.1 |
|
Malaysia |
10.59 |
9.79 |
-7.6 |
|
Peru |
11.50 |
8.42 |
-26.7 |
|
Honduras |
9.29 |
7.40 |
-20.4 |
(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.
(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.
(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.
(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.
(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.
(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.
(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.
(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.
(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.
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.
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