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) By the end of 2025, Vietnam’s seafood industry had left a strong mark with export turnover reaching nearly $11.3 billion, up 12.4% year-on-year. This robust performance reflects not only a rebound in global consumption demand but also the agile adaptation of domestic firms in navigating increasingly stringent trade barriers.
(seafood.vasep.com.vn) According to the 2025 review and 2026 outlook conference held by the Directorate of Fisheries and Fisheries Surveillance on the afternoon of January 7, Vietnam’s seafood sector has set a total production target of over 10 million tons in 2026, representing a 0.6% increase year-on-year. Of this total, capture fisheries are projected at around 3.75 million tons (down 2.1%), while aquaculture output is expected to reach 6.25 million tonnes (up 2.2%) compared with 2025.
(seafood.vasep.com.vn) Sao Ta Food JSC (Fimex, Ticker: FMC) has announced its 2025 business results, reporting revenue of over $300 million (approximately 7.8 trillion VND), representing a 19.8% increase year-on-year; projected profit is expected to reach approximately 420 billion VND.
(seafood.vasep.com.vn) Vietnam’s fisheries sector concluded 2025 with landmark achievements: export turnover reached a record high, despite heightened volatility in global trade and increasingly stringent barriers from major markets, most notably the United States. Amid a mix of opportunities and challenges, the fisheries sector also witnessed important policy shifts. Together, these developments form a multifaceted picture of an industry proactively adapting and restructuring toward a trajectory of sustainable development.
(seafoos.vasep.com.vn) According to the Department of Agriculture and Environment of Vinh Long, the province’s shrimp farming area reached 69,800 hectares in 2025, including 7,500 hectares under high-tech farming models, 18,820 tons of black tiger shrimp and 293,000 tons of whiteleg shrimp.
(seafood.vasep.com.vn) Building on a robust growth momentum in 2025, Nghe An province has set a strategic goal to reach a total fisheries output of 270,000 tons by 2026, reinforcing its position as a key hub for aquaculture and exploitation.
(seafood.vasep.com.vn) Can Tho City statistics indicate that in 2025, following the merger of three former administrative entities - Can Tho, Hau Giang and Soc Trang - fisheries output in 2025 increased by 6.23% compared with 2024 with aquaculture production nearly 9.1 times higher than capture fisheries.
(seafood.vasep.com.vn) According to the Ca Mau Department of Agriculture and Rural Development, Ca Mau province has achieved significant, comprehensive and substantive progress in combating IUU fishing in 2025, successfully fulfilling all tasks directed by the central government and strengthening fisheries governance. These efforts have established a solid foundation for the nationwide effort to lift the EC’s "yellow card" warning.
(seafood.vasep.com.vn) Ca Mau has exceeded its 2025 production targets, reaching nearly 595,000 tons of shrimp. This milestone reinforces the province’s position as Vietnam’s leading shrimp producer and a bright spot in the country’s seafood sector.
(seafood.vasep.com.vn) According to Vietnam Customs data, cumulative shrimp exports from the beginning of the year through November reached $4.3 billion, up 21% year-on-year, continuing to serve as the primary growth driver of the entire seafood sector. In November alone, export turnover amounted to $393 million, up 14%.
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