Among the top 6 largest shrimp suppliers to the US, in the first 8 months of 2019, in terms of volume, imports from India, Vietnam and Ecuador increased by 13%, 10% and 10% respectively. Imports from other suppliers decreased (Indonesia and Thailand decreased by 3% and 10% respectively, while China plunged the most by 53% compared to the same period in 2018.
In the US market, India remained its lead in terms of market share at 39%, but the average price of Indian shrimp in this market decreased from US$9/kg in the first 8 months of 2018 to US$8.2/kg in the first 8 months of 2019. Vietnam shrimp prices slid from US$11/kg to US$10.4/kg. India's market share in the first 8 months of 2019 represented for 39%, up from 35.5% in the same period in 2018. Vietnam's market share rose from 9.2% in the first 8 months of 2018 to 10.1% in the first 8 months of 2019. Compared to Asian and Latin American shrimp suppliers to the US market, Vietnamese shrimp prices remained at high levels.
According to data from the US Department of Agriculture, export of breaded shrimp from Vietnam into the US in the first 8 months of 2019 reached 7,098 tons, worth US $ 50.8 million, up 57% in volume and 52% in value over the same period in 2018. This is considered a positive signal for Vietnamese shrimp exports to the US.
China, Thailand and Vietnam were the three main suppliers of breaded shrimp to the US, accounting for 31%, 26%, and 25% respectively of the total import value of US shrimp. Of the three main suppliers of breaded shrimp for the US, China is subject to a 30% tax, leading to a sharp decline of 33% in value and 27% in volume of breaded shrimp to the US over the same period in 2018.
Currently, traditional Vietnamese shrimp products (such as IQF) exports to the US are being competed over by Indian shrimp (price advantage) and Indonesian shrimp (not subject to anti-dumping tax). In that context, breaded shrimp is a product with a high profit margin, hence Vietnamese enterprises should continue to promote exports breaded shrimp to the US.
|
Shrimp imports of the US (Value: Thousand USD, Volume: MT, Source: FAS.USDA) |
||||||||
|
Suppliers |
2018 |
Jan-Aug/2018 |
Jan-Aug/2019 |
Variation (%) |
||||
|
Value |
Volume |
Value |
Volume |
Value |
Volume |
Value |
Volume |
|
|
World |
6,251,038 |
698,265 |
3,854,401 |
426,899 |
3,643,849 |
432,820 |
-5 |
1 |
|
India |
2,224,758 |
248,833 |
1,369,720 |
151,296 |
1,408,225 |
170,860 |
3 |
13 |
|
Indonesia |
1,215,831 |
132,348 |
811,628 |
86,650 |
708,816 |
84,321 |
-13 |
-3 |
|
Vietnam |
623,967 |
59,007 |
355,360 |
32,356 |
368,100 |
35,532 |
4 |
10 |
|
Thailand |
556,757 |
50,750 |
319,525 |
28,849 |
279,481 |
25,855 |
-13 |
-10 |
|
Ecuador |
526,681 |
75,968 |
360,591 |
51,522 |
374,778 |
56,470 |
4 |
10 |
|
China |
339,669 |
50,845 |
206,188 |
29,930 |
75,618 |
13,984 |
-63 |
-53 |
|
Mexico |
282,618 |
24,884 |
113,000 |
9,454 |
144,698 |
13,251 |
28 |
40 |
|
Argentina |
120,619 |
11,033 |
75,389 |
6,836 |
92,264 |
8,127 |
22 |
19 |
(seafood.vasep.com.vn) The year 2026 marks a period of strong growth for Vietnam’s tilapia industry, but it is also a time when international export competition is becoming increasingly intense. Vietnam’s tilapia exports reached USD 99 million in 2025, up 140% compared to the previous year. In the first four months of 2026 alone, export value reached USD 49 million, a 151% increase year-on-year. As global demand for affordable whitefish continues to rise, Vietnam is emerging as a noteworthy competitor to traditional tilapia powerhouses such as China, Indonesia, Brazil, and Egypt.
(seafood.vasep.com.vn) With continued policy support, technological innovation and close coordination among authorities, businesses and farmers, Vietnam’s pangasius industry is expected to make a strong and sustainable breakthrough during the 2026–2030 period, reinforcing its position as the world’s leading exporter of the fish.
(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s tilapia exports to Asian markets showed varying trends across regions and countries. The Middle East recorded strong growth, with Saudi Arabia emerging as the largest Asian market for Vietnamese tilapia. ASEAN markets also expanded significantly, driven primarily by Malaysia. Meanwhile, Japan maintained solid growth, while exports to South Korea declined compared to the same period in 2025.
(seafood.vasep.com.vn) Shrimp and pangasius continued to lead growth, helping seafood exports reach $4.67 billion in the first five months of the year; however, differentiation among product groups and increasingly stringent requirements from importing markets are posing many challenges for the industry.
(seafood.vasep.com.vn) Every day, the seafood processing industry in Ca Mau generates large quantities of shrimp heads and shells during processing operations. In the past, these by-products were largely treated as waste, increasing production costs and posing potential environmental risks. However, thanks to advanced processing technologies, materials once considered waste are now being transformed into high-value products, creating a circular economy model within the seafood industry.
(seafood.vasep.com.vn) Vietnam Clean Seafood Corporation has invested in a 280-hectare super-intensive shrimp farming zone in Tran De Commune, Can Tho City, generating export value of approximately VND 3 billion per hectare per year—around 50 times higher than traditional agricultural production.
(vasep.com.vn) Vietnam’s seafood exports reached USD 1.02 billion in May 2026, up 0.6% year-on-year. Cumulative exports in the first five months of 2026 totaled USD 4.67 billion, an increase of 11% compared to the same period in 2025.
(seafood.vasep.com.vn) In a rapidly changing global seafood market, timely insights and reliable data are more critical than ever. The Report on Vietnam Seafood Exports in Q1/2026 provides a comprehensive overview of the latest developments in Vietnam’s seafood production, trade performance, and export trends, helping businesses navigate uncertainty and identify new growth opportunities.
(seafood.vasep.com.vn) While many major markets continue to experience slow growth, Russia has emerged as a brighter destination for Vietnamese tuna exports in early 2026. Export turnover to this market increased by nearly 55% in the first four months of the year, indicating a clear improvement in demand. Nevertheless, Russia remains a market that should be viewed with both optimism and caution.
(seafood.vasep.com.vn) Vietnam’s pangasius exports have shown encouraging signs of recovery in 2026. In the first four months of the year, total export turnover reached USD 720 million, up 17% compared to the same period last year. This result reflects improving demand across many markets, as well as the efforts of Vietnamese pangasius enterprises to maintain production, secure orders, and adapt to changing market conditions.
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