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) Although Germany’s tuna imports have declined, Vietnam’s tuna exports to the market continue to show positive signs. Notably, export value recovered strongly in Q3/2026, and German import data also show Vietnamese products strengthening their position amid competition among suppliers.
(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
(seafood.vasep.com.vn) On October 28, 2026, the China Fisheries & Seafood Expo opened in Qingdao, China. The expo takes place over three days from October 28 to 30, 2026. This is a prestigious specialized seafood exhibition organized annually by Sea Fare Exposition Inc.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
(vasep.com.vn) China’s shrimp imports continued to grow strongly in 2026, while Vietnam’s shrimp exports to the market also recorded notable growth. However, behind these positive figures lie two distinct trends: Chinese consumption is growing more slowly than imports, and lobster accounts for a substantial share of Vietnam’s shrimp exports to China, making its product mix significantly different from those of Ecuador and India. Exporters therefore need to assess each segment carefully to understand the opportunities and risks.
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